Tell me about MSIG Individual Personal Accident Insurance.
Do you want to live your life in constant anxiety over the unexpected? Well you could transfer some of the risks to MSIG over an annual premium and keep that fear at bay.
This personal accident policy will help you ride out the financial storm due to rising medical costs and other costs involved in getting you back in shape.
Moreover, you don’t want to leave nothing behind for when you’re no longer around, don’t you? There’s a solid reason behind every benefit offered.
What is so unique about this personal accident insurance?
The best thing about MSIG Individual Personal Accident Insurance is that you can claim for medical expenses for accidental-related admission AND for the treatment of Dengue Fever, Malaria, Chikungunya and Japanese Encephalitis (JE).
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 16 to 65 years.
How much premium do I have to pay?
There is only one plan under this personal accident policy that offer total coverage amount of up to RM50,000. Your total annual premium will be vary depending on MSIG’s underwriting requirements.
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.
Can I 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 and subject to MSIG retaining a minimum premium of RM60 (exclusive of GST).