TM Protect PA: Your Comprehensive Guide to Personal Accident Coverage
Are you worried about unexpected accidents and their financial impact? You're not alone. Accidents can happen to anyone, anytime, anywhere. That's where TM Protect PA comes in. Let's explore how this versatile plan can help you and your family stay protected against life's uncertainties.
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What is TM Protect PA?
TM Protect PA is a yearly renewable personal accident insurance plan offered by Tokio Marine Life Insurance Singapore. It's designed to provide financial assistance in case of accidental death, dismemberment, disability, and injury . Here's what makes it stand out:
Wide Age Coverage
Suitable for ages 1 to 70
Enhanced Protection
Covers common illnesses like Hand Foot and Mouth Disease (HFMD), dengue fever, and food poisoning
Global Coverage
24/7 protection worldwide
Weekly Income Benefit
Provides financial support during recovery
Key Features of TM Protect PA
One Plan Fits All
Covers ages 1 to 70, perfect for both adults and children. Allows children to experience childhood fully while staying protected.
Enhanced Coverage
Covers both inpatient and outpatient treatments. Includes protection against HFMD, dengue fever, and food poisoning.
Round-the-Clock Global Coverage
Protection at home, work, or while traveling overseas. Double payout for accidental death while traveling in private cars or public transport.
Flexible Medical Reimbursement
Up to S$10,000 reimbursement per accident (Plan D). Covers both Western medicine and Traditional Chinese Medicine.
Accidental Weekly Income Benefit
Provides up to S$350 per week during recovery (Plan D). Payable for up to 52 weeks.
Easy Application
No medical questions required. Start your coverage almost immediately.
Why compare TM Protect PA with other Personal Accident options through Whatins?
Traditional Approach
- Limited to one company's definitions
- May not know about better coverage elsewhere
- Single view on occupation classifications
Whatins Advantage
- Compare accident definitions across insurers
- See how different plans cover various activities
- Get multiple views on occupation coverage
- Understand different approaches to sports coverage
What Does It Cover?
The plan also includes a detailed Table of Indemnity, which specifies payouts for various types of injuries or losses, such as loss of limbs, sight, hearing, or burns.
| Basic Benefits | Plan A | Plan B | Plan C | Plan D |
|---|---|---|---|---|
| Sum Assured | S$100,000 | S$250,000 | S$500,000 | S$1,000,000 |
| Accidental Death Benefit | Same as Sum Assured | Same as Sum Assured | Same as Sum Assured | Same as Sum Assured |
| Double Indemnity Benefit | 2x Sum Assured | 2x Sum Assured | 2x Sum Assured | 2x Sum Assured |
| Accidental Dismemberment and Burns Benefit | Up to 1.5x Sum Assured | Up to 1.5x Sum Assured | Up to 1.5x Sum Assured | Up to 1.5x Sum Assured |
| Medical Reimbursement (per accident) | S$2,500 | S$4,000 | S$7,500 | S$10,000 |
| Sub-limit for Outpatient Treatment | S$250 | S$400 | S$750 | S$1,000 |
| Sub-limit for Dental Treatment | S$250 | S$400 | S$750 | S$1,000 |
| Accidental Weekly Income Benefit | S$140 | S$210 | S$280 | S$350 |
How Much Does It Cost?
The cost of TM Protect PA varies depending on the plan you choose and your age. While specific premium rates aren't provided in the brochure, it's important to note that:
- Premiums are likely to increase as you get older
- The plan is yearly renewable, which means the premium may change each year
- Renewal is not guaranteed, and Tokio Marine reserves the right to cancel the policy with 30 days' notice
Real-Life Examples
Accidental Injury
If you slip and fall, breaking your leg: Your medical bills would be covered up to your plan's limit. You'd receive weekly income benefit during your recovery period. If the accident results in permanent disability, you'd receive a lump sum payout based on the Table of Indemnity.
Travel Accident
If you're involved in a car accident while on vacation: You'd be covered for medical expenses incurred overseas. If the accident is fatal, your beneficiaries would receive double the sum assured.
Child's Illness
If your child contracts Hand Foot and Mouth Disease: Medical expenses for both inpatient and outpatient treatment would be covered. This includes Traditional Chinese Medicine treatments, subject to sub-limits.
Pros and Cons
Pros
Wide age coverage (1 to 70 years old)
Includes coverage for common illnesses like HFMD and dengue fever
Global coverage, 24/7
Flexible medical reimbursement including TCM
Weekly income benefit during recovery
No medical questions required for application
Cons
Yearly renewable, which means premiums may increase each year
Renewal is not guaranteed
Accidental Weekly Income benefit stops at age 65
Some benefits not applicable for children (e.g., Accidental Dismemberment and Burns Benefit)
Frequently Asked Questions
Can I renew the policy after age 70?
Yes, the policy is renewable up to age 75, subject to Tokio Marine's approval.
Is the weekly income benefit available for children?
No, it's not applicable for children aged 1 to 18.
What's not covered by this plan?
While specific exclusions aren't listed in the brochure, typical exclusions for personal accident plans include self-inflicted injuries, professional sports, and war.
Can I change my plan later?
You may be able to change your plan at renewal time, subject to approval.
How do I make a claim?
Contact Tokio Marine as soon as possible after the accident. They'll guide you through the claim process.
Wrapping It Up
TM Protect PA offers a comprehensive personal accident coverage suitable for individuals and families. With its wide age range, enhanced coverage for common illnesses, and global protection, it provides a safety net against many of life's unexpected events.
The plan's flexibility in medical reimbursement, including coverage for Traditional Chinese Medicine, and the weekly income benefit during recovery periods are particularly attractive features. However, it's important to consider the yearly renewable nature of the policy and the potential for premium increases.
Remember, the best insurance plan is one that fits your specific needs and circumstances. Consider your current health, lifestyle, family situation, and existing coverage before making a decision.
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