Do you think the personal accident coverage from the AXA Decreasing term assurance is enough? Is that coverage significant enough?

Hi Anon,

If you bought the AXA Decreasing term with a Personal Accident rider, you would have the option to choose the coverage that you wanted for the Personal Accident. So you will need to compare the coverage you chose with a stand-alone Personal Accident plan to determine if the coverage is significant/enough.

The coverage (aka Sum Assured) should be the main criteria to determine if the coverage is enough for you or not.

I agree that a stand-alone Personal Accident plan would be more appropriate because:

1. The premium would most likely be lower - so it's more value for money.

2. You have the flexibility to carry on the Personal Accident plan after the Decreasing term has expired.

I would encourage you to speak to your advisor if you have already bought the AXA Decreasing term with a Personal Accident rider, to see if you can improve your current plan or not.

Hope this is useful to you :)

We need to know the full details on the scope of coverage and the additional premium that you need to pay for the coverage.

Generally, I will suggest for you to have a standalone personal accident plan as it provides more value for money. This is because of the wider scope of coverage, e.g. medical reimbursement for injury, weekly income benefits, amongst others.

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