Tell me about the Master Protector Personal Accident
As the name states, this is a personal accident insurance plan offered by Pacific Insurance Malaysia means to be both a financial and medical cover against accidents that might occur. The Master Protector is designed to provide 24-hr coverage along with the extension coverage scheme. With affordable premiums and added benefits this is a great plan to have in your pocket for a rainy day.
How much does it cover?
Well of course, the policy will cover death and permanent disablement as do most personal accident insurance plans. However, the difference with this plan is that it will also cover a number of medical expenses that you might incur when caught in an accident. The policy will provide you with hospital cash allowances, coverage for cosmetic or corrective surgery, reimbursement for the purchase of a prostheses or wheelchair as well as weekly benefits due to a disability.
Aside from that, this protection plan includes a reimbursement benefit for traditional medical treatment with a cap of RM50 per session, should you need it.
What are the extension benefits?
Unlike other personal accident insurance plans, this one has coverage that goes above accidents and encompasses a different array of threats that are harmful to you. It is extended to cover accidental drowning, your unprovoked murder or assault, poisoning from food or drinks, amateur sports, strikes, riots and civil commotion.
It will also cover snake and animal bites, suffocation through smoke inhalation, fumes or poisonous gasses, and disappearing following an accident or injury due to intoxication via liquor.
Lastly, there is a renewal bonus benefit that comes with this plan. If you have made no claims during each contract year the capital sum assured will increase by 10% per year up to 50%.
Who is eligible for this plan?
The policy is open to all Malaysians and Permanent Residents of Malaysia as long as they meet the age requirement of 16 years old. Participant’s may include their spouse and children under the umbrella protection of this plan as well.
The maximum entry age for the policy is 60 years old, after which you can continue to renew it every year till the age of 70.