Does occupation affect the eligibility of an individual to a Personal Accident plan?

Yes of course. But it doesn't vary with age. Some occupations that are of very high risk are specifically excluded from buying PA as well. (Eg. Stuntman, cable installers above certain heights, demolition worker)

PA policies can be classified according to "ala carte" and some are "set meal".

Ala carte

you can choose your benefits (eg. Death, disability, medical reimbursement amounts)

eg. An auditor (class 1) would face less risks of getting into an accident than say a person driving grab (class 3). Therefore, lower premiums for lower risk.

Set meal

some have a flat premium across occupations 1-3. They vary between choosing "Sets A,B,C" with different payout limits.

Most policies also come with higher premiums for motorcyclists due to higher risks and likelihood of claims.​​​

Yes, it does. In PA plan, insurers classified all the occupations into 4 classes. The higher-class tier you are, the higher the premiums you have to pay to be insured as you run more risks being injured or faces accidents.

Most of the insurers have different premium pricing for class 1 and class 2, but AIA is the only insurer that places the same premium rate for class 1 and class 2, hence if you are in class 2 occupation list, you should consider AIA PA, as it's the cheapest in the market

If you are interested to find out more, get in touch with us.