No one can predict if and when an accident will happen. It’s necessary to always be ready for life’s uncertainties so that you not only protect yourself, but your loved ones too. PAStar is a comprehensive insurance plan that gives you 24-hour worldwide protection from personal accident with comprehensive coverage for medical expenses and more.

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Why a Comprehensive and well thought Personal Accident (PA) protection is a must to have and chances are, you probably overlooked or did not notice it is a missing component in your Insurance Portfolio despite investing good money on it every year!

Do you know accidents, poisoning and violence are the top causes of hospitalization in Singapore and it has been rising over the consistently over the years leading to 2014? (Source: Top 10 conditions for hospitalization)

8.4% or 46’655 discharged from hospitals in 2014 from causes that included accidents, poisonings & violence.

An average of 116 people each day, equivalent to 4.8 each hour across all walks of life were discharged from a hospital following treatment to accident related causes. By the time, you finish your hour-long lunch break, probably 5 people somewhere in Singapore would have been hospitalized for these reasons. This is not counting the many more who fell victims to accidents, poisoning and violence but probably did not require hospitalization. It is anyone’s guess how many of those discharged ended up with a form of temporary or permanent disablement resulting in loss of income and faced financial hardships resulting in an uncertain financial future over periods of time.

If you are an EMPLOYEE, it is critical to note while 2 months hospitalization leave = 2 months paid leave, 12 months hospitalization leave DOES NOT EQUATE to 12 months paid leave as our sick leave entitlements are clearly listed in the Employment Act.

Should you be an unfortunate victim of any accident and nursing your health with a 6, 12 or 24 months’ hospitalization leave, can your employer terminate your employment with them? Click HERE to find out.

If you are a SELF-EMPLOYED; small business owner such as Property agent, Tutor, boss of a Small Business Enterprise or any role where your daily activity contributes to your earnings. You probably don’t even have the safety net of a 60-days hospitalization leave as stipulated in our laws. How will an injury impact your income and in turn your ability to service your short-term financial commitments?

It was reported “Court awards a record S$8.65m in personal injury claims to cyclist”; Today 6 Dec 2016, “Biker still in coma. Wife wants to tell him she’s pregnant”; TNP 20 Aug 2016, “Housewife still unconscious, family not giving up”; TNP 24 Sep 2016, “Motorcyclist in ICU after boar collision on BKE”; Straits Times 15 Nov 2016, “Passenger on life support after being hit by unknown object on open-top bus”; TNP 16 Nov 2016, “Boy hurt in accident gets $1.52m in damages”; ST 25 Nov 2016 and “Thai teen hit by car in September is ready to go home” TNP 3 Dec 2016.

From their experiences, you will learn that their predicaments tend to bear some of the common challenges that included:

  • Warded in hospital for a prolonged period over weeks or months?
  • Post-hospitalization leave spanning a few months or even beyond a year?
  • Temporary disabilities that results in losing their jobs and thus income.

The big question? If you were lucky to escape Total and Permanent Disability but still had a temporary disablement to nurse back to health… … Where will your income be coming from?

Chances are your whole portfolio of life insurance that includes Total & Permanent Disability benefits will not pay you a cent because you were lucky enough to escape Total & Permanent Disability.

What might be the immediate concerns? Bills, bills and more bills that will be arriving like clock-work in the mail that will need to be paid! The mortgages, loans, utilities, phone bills, credit card bills and family expenses, etc.

What about the longer-term? Had you suffered from any physical impairment? Is there someone you may sue for damages? If there are people whom could have been responsible, most people will file civil suits and seek compensation from the culprits or 3rd parties for loss of income, pain and suffering, medical expenses, etc. However, you may solely responsible such as the case of a bad fall? What about following scenarios which is unlikely to be possible? For instance, e-bikers are not required to insured, thus if the perpetuator has little assets, you might be on your own.

If they are backed by some form of liability insurance, the long-drawn process is expected to take years before a settlement can be reached.

Beyond the attention-grabbing headlines on damages awarded, the victim will have legal fees to pay.

I thought the process of litigation is likely to be a heart wrenching and emotionally draining experience for the victims.

“For those who lose their loved ones or suffered from a disability in an accident, the pain, grief and hardship felt may be permanent, while for the perpetrators, the penalties are transient.”

A well thought Personal Accident (PA) insurance can offer a variety of benefits that may include:

  • Accidental Death and Disablement
  • Medical reimbursement (hospitalization is usually not a pre-requisite to provide for medical expenses incurred, in fact I thought it’s an essential supplement to a medical insurance)
  • Daily Hospital Income Allowance – a source of income when hospitalized
  • Adequate Weekly Income benefit – a source of income during a temporary disablement

Click HERE to widen your protection and secure your income now!

Activate your Personal Accident protection NOW!