Considering an affordable insurance policy that cover your whole family in one plan? Then read on to find out more about MSIG Generations Personal Accident Insurance.
What can MSIG Generations Personal Accident Insurance provide for me?
MSIG ensures that you and your spouse/family are taken care of round-the-clock through Generations PA insurance plan.
If in any unlucky days you and/or your spouse got injured, severely disabled or perished in an accident, MSIG will compensate your beneficiary(s) a lump sum amount under accidental death and/or permanent disablement benefits, whichever comes first.
If you’re lucky to survive the fateful mishap, MSIG will pay for your medical expenses plus gives you daily hospital income during your hospitalization.
What is so unique about this personal accident plan?
When you sign up together with your spouse as principal insured, your children (aged between 1 month to 17 years) will enjoy similar coverage for free of charge.
This policy has also a built-in MSIG Assist feature, a 24-hour worldwide emergency medical assistance and evacuation services, applicable when you’re traveling abroad and in Malaysia, subject to a trip of more than 100km from the usual place of residence and not exceeding 90 days.
Who can apply for this PA policy?
MSIG offers this personal accident insurance to all Malaysians, permanent residents, passport holders with valid work permit aged between 18 to 69 years.
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 RM356.16 to RM727.16, 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.