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Anonymous
Is personal accident necessary for a child? If so what's the best plan out there? Thanks in advance.
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Pang Zhe Liang
08 Dec 2020
Lead of Research & Solutions at Havend Pte Ltd
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Hi there
It really depends but yes, personal accident plans can be quite important because they are typically susceptible to falls etc. You may also want to consider setting up a life plan for your child because the limited premium payment means your child will be fully insured for his whole life (age 100) after say, 12 years of payment.
For children's accident plans, you can opt for AIA Star Protector. Highly tailored to your needs and Budget. Do consult a licensed financial advisor to explore your needs.
Financial planning is an integral part of life. You can reach me here to find out more.
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As a matter of fact, I'm busiest with personal accident claims in my career. This is because of its wide scope of coverage, as well as probability of occurrence - personal accident doesn't necessarily cover accidents claims only. Therefore, it is important to understand what it covers, and whether you want to transfer this risk to the insurance company.
If you are looking into such plans for your child, then you may wish to consider AIA Star Protector Plus. This is one of the most popular plans among my clients with kids (all ages).
More Info: https://www.aia.com.sg/content/dam/sg/en/docs/p...
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