I am 32 now and am a white collar worker. I have been holding on to a GE's AccidentalCare Plus II policy for 3 years. Is it still worthwhile holding to this policy? - Seedly
Seedly logo
Seedly logo
 

Insurance

Personal Accident Insurance

Anonymous

Asked on 04 Jul 2020

I am 32 now and am a white collar worker. I have been holding on to a GE's AccidentalCare Plus II policy for 3 years. Is it still worthwhile holding to this policy?

Or should I divert the money to somewhere else as I am not exposed to any high risk job or environment where chances of accident happening is higher

0 comments

1 answer

Answer Now

Answers (1)

Sort By

Gideon Ng
Gideon Ng, Blogger at FI Pharmacist
Level 5. Genius
Answered on 04 Jul 2020

Hi Anon,

I feel that a personal accident policy is something that is good to have, but not a must.

Personal accident insurance usually covers all of your outpatient expenses, such as if you go to a GP when you experience a fall, or you go to A&E but are not admitted into the hospital.

For these kind of expenses, though they may be slightly expensive, they are not going to take a significant chunk out of your savings.

Since you mentioned that you are not in a high risk job, personal accident is something that may not be a priority to have.

Also, your workplace may have some personal accident benefits, so I'd advise you to check what kinds of policies your company provides for you!

0 comments

ūüĎć 1