Your medical policy covers all cost of hospitalization, including accident and illness. The only condition is that you get hospitalized for at least 1 day. No coverage if outpatient treatment or normal checkup. In short, you are completely cover if you get hospitalized due to accident.
However, not all accident will lead to hospitalization. Dengue for example is mostly outpatient treatment in Singapore. Fracture, XRAY or MRI procedure, anti rabies injection are some accident medical procedure that do not require patient to be admitted in the hospital. Most of them requires outpatient treatment only.
Since it is outpatient treatment, you cannot claim it under MEDICAL policy. But you can claim it if you have ACCIDENT policy because this plan covers medical treatment either outpatient or inpatient treatment.
Our current medical policy covers up to $2M per year and costs around $600 per year for age 20 and below. On the other hand, our basic accident plan costs around $15 per month with up to $2000 medical coverage and $100K accidental death coverage worldwide.
Aside from the $100K accidental death coverage, accident policy also gives lumpsum amount in the event of any permanent damage in our body parts due to accident. For example, in the event of an accident that leads to loss of sight in 1 eye, your accident plan will give you $100K lumpsum benefit. In case of 2 eyes, you will get around $150K lumpsum benefit. Take note that your medical policy benefits on stops the moment you are discharged from hospital.
So, do you think you need both policies? Mura lang dito sa Singapore. If you still don’t have, message me 🙂