A personal accident plan can provide valuable peace of mind by taking care of the financial implications should your circumstances change after an accident. Twin PA is a protection plan that pays twice the amount you are covered for if you pass away or suffer a serious injury or disability after an accident.
If you suffer a serious injury such as loss of limb or loss of use of your limbs within a year after an accident, you will receive a lump sum payout to help you cope with the impact. Should you pass away due to the accident, your family will receive a lump sum payout to help them through the times ahead.
We will ensure that you are well covered by reimbursing you for medical and surgical expenses incurred in the first year after the accident.
CASH TO HELP COPE WITH MAJOR DISABILITIES
If you or your child should suffer a major disability such as loss of sight, speech and hearing, limb or paralysis as a result of the accident within the first year, we will provide a lump sum payout to help ease the financial strain.
WEEKLY PAYOUT (Adult plan only)
The last thing you want to do is worry about costs if you suffer temporary total disability. To help you recover quickly, you will receive a weekly payout for up to a year for each accident. If you experience temporary partial disability, you will receive 25% of this weekly benefit for up to a year. Because accidents are unpredictable, you can make multiple claims throughout the term of your plan.
HELP IF YOU'RE NO LONGER AROUND
If you pass away or suffer total and permanent disability within a year of the accident, we will waive all future payments needed to keep this plan active so your child continues to be covered.
Insurance Lingo Explained
What does temporary total disability mean?
This is when you become injured and disabled due to an accident and cannot work for a period of time.
What does temporary partial disability mean?
This happens if the injuries sustained during an accident caused you to be disabled and forces you to work at a reduced level while you recover.
What does lump sum mean?
This is a single, large claim payment.
Like what you've read? This is purely a product summary. If you want more information about this product, please refer to our Product Disclosure Sheet or speak to an AIA Life Planner.
You must disclose details such as your occupation, personal interests or hobbies that could affect your risk profile and number of personal accident policies that you have with other insurance companies.
After the first premium, a grace period of 31 days from the premium due date is allowed for payment of each premium. The policy will remain active during the grace period. If a loss occurs during the grace period, any unpaid balance of premiums due for the full policy year will be deducted from the proceeds payable under the policy.
You must tell us in writing if you change your occupation. We will review your new occupation to see if it falls within the occupation categories covered under this plan.
You must give us written notice of a claim within 30 days of the accident that caused your injury. If death occurs, an immediate notice of claim must be given to us.