What is this Individual Personal Accident Insurance?
This is one of Chubb’s most affordable insurance protection plans against personal accident. It covers the personal accident basics and a little more than that.
With coverage for temporary, and permanent disablement as well as accidental death, you can be sure in case of an accident, your family will have little to worry over, financially. The plan also offers optional coverage for medical expenses, should you need it when the time comes.
How do the premiums look?
Premiums for this insurance plan is entirely up to you. Depending on what coverage you want and how much coverage you want, the insurance premium will be calculated factoring in your age and gender as well.
The premiums can range from as low as RM50 a month up to a few hundred ringgit.
What are the terms of this policy?
For both your safety and the safety of the company please remember to check out the list of exclusions thoroughly. The policy will not cover any self-inflicted harm, suicide, disease, crime, un-lawful acts, murder, pre-existing conditions and a few more things.
Also there are age limits for when you can apply for this policy. Since this is a personal accident insurance, any individual who signs up for it, cannot include their spouse, family or children under the policy.
You will need to be at least 18 years old. The maximum age that you can be to purchase this insurance is 65 years at the date of inception of this Individual Personal Accident Insurance policy.
The duration of this cover is for one year, hence you need to renew your insurance cover annually.
Can I cancel my policy?
Sure you can. If you no longer want or need the policy, simply submit a written notice to Chubb Insurance Malaysia Berhad prior to cancellation.