What about the Lady protector is special?
Aside from it being a personal accident protection plan just for women, this insurance policy is made to be straightforward with no frills and clear as day in what it offers. The policy is keyed to provide protection not just against ordinary run of the mill accidents, but potentially harmful and unplanned dangers that either specifically or more often affect women.
So what does it cover?
As with all OAC personal accident policies, this one will protect you ladies in the case of accidents and permanent disability, with high funeral expenses reimbursement should it come to that and a road-side assistance programme if you ever get stranded with a malfunctioning car.
Other than that though, the Lady Protector offers financial coverage and protection for Maternity risks, HIV Infections, Infertility, Major Burns, corrective Cosmetic and Dental Surgery, Snatch Theft and Sexual Harassment. All of these covers come with either a lump sum compensation payout or a reimbursement.
Are there any other benefits?
Sure there are. All employed ladies under this plan will have weekly benefits of up to RM250 for temporary or total permanent disability, for maximum of 52 weeks, to help take the edge off. It also comes with a ‘Twin Prosperity’ benefit, where if you are a mum about to conceive twins, then you will get a cash bonus of RM1,000 when they are born.
Ladies, you will also have the benefit of a hospital confinement allowance if you find yourself stuck under hospital arrest. Now finally, this policy comes with a No Claim Bonus, where for every year that no claims have been made the capital sum assured will increase by 10%. The maximum increase will be at 50%, so approximately 5 years, before it stagnates.
Who is eligible for this policy?
Obviously, the policy is only open to the female population of Malaysia. It is open to Malaysians and permanent residents residing and working in Malaysia. Remember to have a chat with OAC or your agent about the occupations excluded from the policy coverage to avoid any disappointment later.
The minimum entry age is 16 years old, so, parents who want to purchase this policy for your daughters, please take note of this. The maximum entry age for this plan is 60 years old, after which you can continue to renew the policy for another 10 years to the age of 70.