What is the RHB Essential PA about?
As the name suggests this personal accident insurance policy set forth by RHB is one of the more comprehensive plans available on the insurance market. With financial aid and protection in the more common and likely threats against your personal safety.
How much does the plan cover?
Aside from the usual covers for accidental death as well as a disability cover, this personal accident plan also covers medical expenses, bereavement benefit and an array of other activities or situations and illness that are detrimental to your state of health.
You will have coverage for hijacking, murder and assault as well as, in the case you are caught in a strike, riot or any other sort of civil commotion. In the current climate of our social affairs, it is hard to determine what the immediate threat is, therefore this plan intends to cover all its bases. Depending on your lifestyle or work environment you might be at risk from other less common issues therefore you will also be covered for accidental gas inhalation, drowning, food or drink poisoning, intoxication and exposure to elements.
If you are more of an outdoorsy personality then you will be grateful for the following set of covers, mainly insect, snake or animal bites, hunting and mountaineering accidents, bungee jumping for the adrenaline junkie and motorcycling. With some of these incidents occurring from both work and pleasure settings, it would be an added cushion for you to have when participating in them.
Are there any other benefits?
Sure there are, benefits are easy to come by with a policy like this. First of all, the policy comes with a total of 5 plans to choose from, each with varying premiums and range of coverage. Meaning, you will be able to choose the plan you want with the coverage you want at your own pace, to meet your budgetary needs.
Another benefit, is the renewal bonus that you will receive every year of 5% up to a maximum of 15% every year that you renew the policy. On top of that, the policy comes with a no claim bonus as well. Every 3 years that you do not make a claim from your insurance, you will get 10% cashback on the accumulated total premiums.
Who can apply for this policy?
The policy is open to anyone over the age of 18, so if you would like to pick it up as an individual you may do so. Maximum entry age for this policy is 65 years or age. If you are already a policyholder before then, you can continue to renew the plan till the age of 70.