Many people think that they are very lucky not to fall any victim to accident. However, truth is that the accidents do happen to anyone and at anytime – generally when it is least expected. For instance, do you know many people every year turn up at the hospital accident as well as emergency departments seeking for the treatment due to accident at home and many people die every year in the accidents at home*?
Suppose you’re unlucky to have such accident that will result in the serious injury, you might not go back to work fast. And, suppose you need to take the extended absence leave from your work, then your income can suffer greatly. Good news is personal accident cover Hong Kong plans will offer the tax free, and lump sum payments that will help you financially – if you have suffered from the loss of income and in other way –if any unexpected things happen.
Make the Right Decision
Lots of insurers provide standalone online insurance Honk Kong; however, the limited personal cover is often included in the motor and the travel insurance plans. Benefits of the standalone policies are that cash payments will be larger and usually there are lesser restrictions. For instance, if a cover is under travel insurance, accident should have occurred when travelling.
The personal accident plans generally provide the cover for various injuries that come from the accidents, which includes the permanent disablement. It can include, but not limited to, paraplegia, quadriplegia, total or permanent loss of the use of limbs or complete & irreversible loss of the sight in eyes. There are some plans that will provide the cover for dislocations, fractures, and burns.
Moreover, if you need to spend any time in the hospital after accident, there are some plans that can provide you cash benefits for the hospitalization too. Suppose any accident resulted in the above injuries, cash payments can be used towards cost of replacing the lost income through cost of the holiday to help in the recuperation.
Check Your Plan
Majority of the accident plans can include the accidental death benefit offering the generous cash sum to the estate in an event of that is death caused by accident, whereas plans just offering the accidental death benefits also are available easily. An amount paid will differ and plans can have various levels of the cover. There are some plans that also pay out very differently that depends on circumstances of an accident (that is accidental death because of road traffic accident). The cash payments with such cover will help the family with unexpected financial burdens that are brought about from things as income loss, funeral costs and cover potential impact on the loved ones’ incomes at time of bereavement.