Personal Accident Insurance
Asked on 04 Jul 2020
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
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!
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