Singlife has unveiled two innovative personal accident insurance plans, Singlife Family Accident Care and Singlife Accident Care, aimed at providing comprehensive protection for families and individuals. Singlife Family Accident Care is the market’s first personal accident plan offering a shared coverage limit for families, making it more affordable than individual policies. Families can benefit from coverage options of S$500,000 or S$1m for accidental death and dismemberment, with up to six family members covered. Additionally, a premium discount of up to 50% is available for children added to the policy.
For individuals, Singlife Accident Care offers coverage limits of up to S$3m for accidental death and dismemberment, addressing the financial burdens and income replacement needs that may arise from severe accidents. This plan also provides coverage up to the age of 99, one of the longest periods available in the market.
Both plans include unique benefits such as the Life Stage Event Benefit, which provides an additional lump sum payout for accidental death or total and permanent disability occurring 12 months after a significant life event. The Annual Leave Compensation Benefit offers a cash benefit of S$100 per day if the insured is hospitalised for four days or more, and a family member takes annual leave to provide care. Coverage extends to conditions like food poisoning, 21 infectious diseases, and injuries from recreational sports.
Helen Shen, Group Head of Products at Singlife, stated, “Singlife Family Accident Care, with its unique shared coverage limit and discount for children, offers an affordable yet robust solution to safeguard the entire family.”
These new offerings highlight Singlife’s commitment to providing accessible and comprehensive protection across various life stages.
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