Guard your body from any untoward incidences with a comprehensive personal accident protection plan from MSIG for as low as RM69.96 annually.
Why do I need a personal accident insurance?
If you are looking for an affordable insurance plan that provides term/life insurance-level coverage and does not eat up your monthly expenses, a personal accident insurance is the right way to go.
For as low as RM69.96 annually, you can ensure peace of mind and the welfare of your loved ones will be taken care of financially should your life take turn for the worse.
What do MSIG Bodyguard Personal Accident Insurance cover?
It is crucial for you to understand what this product offers to avoid dispute during claiming process. There are Accidental Death/Permanent Disablement benefits in the event you severely injured or perished due to accident.
Besides that, any expenses incurred during hospitalization will be reimbursed under Medical Expenses. To top it off, you will receive allowances for Rehabilitation, Bereavement, Daily Hospital Income and also Travel (for visiting family members).
Who is this personal accident insurance policy intended for?
MSIG has designed 3 protection plans with distinct coverage amount based on the classes of occupations. If you are involved in manual work that requires you to operate heavy machinery and tools, it is best for you to sign up any of these plans.
For those working in non-manual labor but are potentially exposed to risky environment, you can consider guarding yourself with this plan too.
How much premium do I have to pay?
Depending on the plan you have selected and MSIG’s underwriting requirements, your premium can range from RM69.96 to RM356.16, payable lump sum annually.
You are also subject to a GST of 6% of the total annual premium, in addition to 25% commission to the insurance agent and RM10 Stamp Duty.
What are the procedures to cancel my policy?
MSIG requires a written notice from you before you can make any cancellation. You will get a refund of premium, which is based on pro-rata basis and depending on how long the cover has been in force.
MSIG also has the right to retain a 100% refund amount if you have lodged any claims during your coverage period.