These days, personal accident insurance has become a necessity in peoples’ daily lives. However, each member of a family, from the youngest children to the most elderly have different personal insurance protection needs. As a result, it is not only essential to fully understand the real needs of customers and their families, but also to distinguish between family personal accident protection products and general personal accident protection products when recommending the most suitable plan for your customers and their families.

Firstly, family personal accident insurance will protect children, adults and the elderly by offering cover that varies depending on the different risks each family member is exposed to. For example, customised protection that covers children during indoor and outdoor school activities to broken bone benefits for the elderly. Secondly, the minimum insurance age in a general personal accident protection product is from 16 years of age onwards, but the minimum insurance age of child protection in a family personal accident insurance plan could be as low as 6 months. When children reach a certain age, they are allowed to transfer from a children’s plan to an adult plan. Additionally, with policies such as MSIG’s “Family Personal Protector”, the premiums for the basic elderly plan will not increase as a result of the insured’s age.

Accidents always happen in unexpected situations and you will never be in a position to know exactly what will happen next. Therefore, it is essential to take out a family personal accident insurance plan with comprehensive coverage to ensure that you and your family members are protected at all times.

Learn more about our insurance plans:
Personal Protector 3.0