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Personal Accident Insurance In Thailand

Everything you need to know about personal accident insurance in Thailand.

Why Is It Necessary to Purchase Personal Accident Insurance In Thailand?

As much as you don’t want to think about it and try to avoid it, accidents happen all the time. According to the World Health Organization, Thailand’s roads are the deadliest in Southeast Asia and among the worst in the world (WHO). Every year, approximately 20,000 people are killed in road accidents, which equates to approximately 56 deaths per day. Despite many of the government initiatives aimed at lowering road fatalities, they have shown no dramatic signs of subsiding.

Personal Accident insurance protects you in the event of an accident that results in bodily injury. It provides coverage in the form of compensations and supports your family financially, so you can concentrate on recovering.

Key Points:

  • Personal accident insurance is similar but not the same thing.
  • Personal accident insurance covers minor and major injuries caused by accidents.
  • Personal Accident Insurance specifically covers you in the event of an accident or disability.

What Does Personal Accident Insurance Cover?

Personal accident insurance and health insurance are not the same things, as personal accident insurance specifically covers you in the event of an accident or disability, whereas health insurance covers you for your general medical needs.

Death and Permanent Disability Due to an Accident
If you suffer from a physical injury due to an accident that causes death or total permanent disability, you or your beneficiary will receive compensation based on a percentage agreed on in your policy.

Medical Expenses Due to an Accident
The insurance company will provide you with insurance benefits once you submit all the required documents related to medical expenses incurring from injuries after an accident.

Temporary Disability
Accidents can leave you temporarily disabled or unable to work for a period of time. Personal accident insurance can be used to pay for medical expenses in this situation. You may also be able to purchase additional riders to compensate for your loss of income.

What Are the Exclusions of Personal Accident Insurance?

It is important to keep in mind that there are exclusions to personal accident insurance. Damages caused by any of the following events are typically not covered by personal accident insurance:

  • Accidents that occur while you are under the influence of alcohol, narcotic drugs, or addictive substances that has the potential to harm your mental health.
  • Attempted suicide or self-inflicted injuries.
  • Pre-existing disability or injuries, such as back pain, spondylolisthesis, degenerative disc disease, spondylosis, defect or spondylolysis, and dislocated or fractured spine before an accident.
  • Death or disability due to, rebellion, guerrilla, riot, strike, insurrection, revolution, coup d’etat, or any other incident resulting in the declaration or maintenance of martial law.
  • Death or disability due to terrorism.
  • Accidents occur because you commit a criminal act.

Personal accident insurance covers death claims, dismemberment, loss of eyesight, loss of hearing, loss of speech, and disabilities, as well as compensation for medical expense limit.

How to Purchase Personal Accident Insurance In Thailand?

Purchasing personal accident insurance in Thailand is simple and straightforward. To apply for personal accident insurance, you will need the following documents (note that this may differ slightly from one insurance company to another):

  • Apply via our website or contact the Customer Service Representative of an insurance company for an application form.
  • Submit a copy of your passport with a verified signature.
  • Pay the invoice premium.
  • You are then covered after the payment has been confirmed.
  • Original policy and card will be delivered to your specified address in 7-10 business days by Registered EMS.

Please note that some insurance companies require Work Permit and Visa Stamp while others only require an application form and a copy of your passport with a verified signature.

Purchase personal accident insurance for your clidren to protect them from any unwanted situations.

What Should You Consider Before Purchasing Personal Accident Insurance?

You should consider numerous factors, such as whether or not the coverage is appropriate for the price. Below are some of the things you should consider before purchasing personal accident insurance.

Compare insurance premiums
Comparing insurance premiums will allow you to choose what is the best for you. By comparing insurance premiums, you will get the right insurance to fit your needs and budget.

Occupation
Personal accident insurance is highly influenced by the type of your occupation, if you have a high-risk occupation, such as working with high machinery, you may need to purchase an insurance policy with higher coverages. Office workers and those who work with less machinery, on the other hand, may be able to purchase a policy with low lower coverages.

Choose personal accident insurance that covers specifics
An accident caused by driving or travelling on a motorcycle may not be covered by personal accident insurance. As a result, those who ride motorcycles should also obtain an insurance policy that covers their driving. Other types of Personal accident additional add-ons can include x-stream sports and group coverages.

How to Compare Personal Accident Insurance

To ensure that you get the best deal on personal accident insurance in Thailand, you must be able to compare quotations for various policies from Thailand’s leading insurers. As soon as you decide on a start date for your policy you can start shopping around for the best prices on personal accident insurance. Each quote must include coverage details for the plans in a statement allowing you to easily compare personal accident insurance policies that meet your specific needs.

If you are unable to find a policy that meets your needs after carefully reviewing each personal accident insurance quote, do not hesitate to contact the insurance provider directly for assistance. They are made up of personal accident insurance experts who have extensive product knowledge and will be delighted to assist you in finding the best policy for your specific needs.

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