MSIG ProtectionPlus Personal Accident
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Summary
MSIG ProtectionPlus Personal Accident Insurance
MSIG ProtectionPlus is a personal accident plan designed for the whole family.
When both you and your spouse signs up under the same policy, you will be entitled to free coverage for up to three children. If only one parent signs up for the plan, your policy can still cover up to three children, for nominal annual premium each.
While this feature makes it convenient for families to get all-round coverage, do note that the child coverage only extends to death, total and permanent disablement, and medical expenses. Also, the maximum benefits for each are pegged at 10% of the adult coverage.
Features and Benefits
+ Affordable plan with wide range of cover
+ Includes benefits for temporary disablement, hospitalisation
+ Free cover for up to three children
+ Free 10% bonus cover for death and permanent disablement each year (capped at 30%)
- Lack of optional addons (although riders may be available)
- Group 3 occupations not eligible for highest tier
Product Page Transparency
- Pays to access additional features
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Summary
MSIG ProtectionPlus Personal Accident Insurance
MSIG ProtectionPlus is a personal accident plan designed for the whole family.
When both you and your spouse signs up under the same policy, you will be entitled to free coverage for up to three children. If only one parent signs up for the plan, your policy can still cover up to three children, for nominal annual premium each.
While this feature makes it convenient for families to get all-round coverage, do note that the child coverage only extends to death, total and permanent disablement, and medical expenses. Also, the maximum benefits for each are pegged at 10% of the adult coverage.
Features and Benefits
+ Affordable plan with wide range of cover
+ Includes benefits for temporary disablement, hospitalisation
+ Free cover for up to three children
+ Free 10% bonus cover for death and permanent disablement each year (capped at 30%)
- Lack of optional addons (although riders may be available)
- Group 3 occupations not eligible for highest tier
Product Page Transparency
- Pays to access additional features
Plans (3)
2.8
4 Reviews
High to Low
22 Jul 2020
Purchased
ProtectionPlus Platinum Plan
The premium is reasonable with high protection, giving me and my family a peace of mind and happiness 😊1
What are your thoughts?Reply
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21 Jul 2020
Purchased
ProtectionPlus Platinum Plan
The plan is definitely worth for one to invest in. With good payout, one is heavily covered. The family need not worry much. Everything is well-handled.1
What are your thoughts?Hi Bycl,
Thank you for taking time to leave a review and we are glad that our personal accident plan meets your family's needs.
If you have further feedback, please feel free to email us at [email protected].
Thank you.
Reply
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21 Jul 2020
Purchased
ProtectionPlus Platinum Plan
This is a protection plan that allows Low cost premiums And reasonable beneficial worth payout ! Easily to sort out my enquirers via phone call1
What are your thoughts?Hi Joyce,
Thank you for taking time to leave a review and yes, we are always a phone call away.
If you have other feedback, please feel free to email us at [email protected].
Thank you.
Reply
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15 Jul 2020
Purchased
ProtectionPlus Gold Plan
[General Overview] I bought the MSIG ProtectionPlus Gold plan on 21 July 2019 under a 1 year renewable term policy. I do not plan to renew it and would not recommend this Personal Accident (PA) plan as there was absolutely no response from any MSIG agent for my claim in December 2019. I ended up having to claim my accident under my company policy instead. The only two things I am grateful for is that I signed up for the Gold instead of the Platinum plan (which saved me some money on the premium) and that I made a claim in my first year only to find out how unresponsive MSIG is about claims. This made me realise I should not renew the policy. For people looking to buy a PA plan, note that there are usually two components: 1. Medical Reimbursement (MR) - Covers milder accidents that do not hospitalise you. This portion covers up to $3,000 to $5,000 depending on the policy and can be used for outpatient claims such as medication, scans (X-Ray, MRI) and follow up outpatient treatments (e.g. Physiotherapy / Chiropractic). 2. Accidental Death/Dismemberment (ADD) - Covers more serious accidents as the name suggests. This portion covers up to $100k to $1 mil depending on the policy and charges a much lower premium. Cheapest ones on the market for men are the SAF Group Personal Accident insurance plan ($6-7 per month) and covers $600,000 in case of ADD. I would say it is optional to get the MR component, but good to get the ADD component (can be bought for a low cost as a standalone plan). For companies that offer very affordable PA plans (e.g. MSIG Protection Plus), take the offer with a pinch of salt because they it may imply that they would not be as likely to payout a claim. Therefore, if you wish to have a really comprehensive PA plan where you can sleep soundly knowing your claim will be processed and reimbursed, go for slightly more expensive plans with a better and proven track record. I have heard that Aviva, GreatEastern and AIA usually pay out quite proactively with good responsiveness. However, these plans would be more expensive than MSIG for the same coverage (at least $400 per year), so really consider if you need a PA plan that covers medical reimbursement. My take is that generally, if you lead a relatively safe lifestyle and do not regularly commute on motorcycles/electric scooters, participate in extreme sports, work in a risky job, it is not worth paying over $400 a year for a PA plan when your company's group insurance policy would cover most claims anyway. [Claims Process] Fuss-free and straightforward, probably because it is very straightforward to not look at a claim and reject it. [Agent Responsiveness] No response received from any Agent since the date I filed the claim - 20 Jan 20.3
What are your thoughts?View 2 other commentsHi Akshay,
Thank you for checking.
We have informed the team and they will get in touch with you soon.
Thank you.
Reply
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MSIG ProtectionPlus Coverage Summary
MSIG ProtectionPlus offers 3 different plans for Adult Cover:
- Silver
- Gold
- Platinum
Benefit Summary | Silver Plan | Gold Plan | Platinum Plan |
|---|---|---|---|
Accidental Death | S$100,000 | S$150,000 | S$250,000 |
Permanent Disablement (Total, and Partial) |
|
|
|
Temporary Disablement Weekly payout |
|
|
|
Traditional Chinese Medicine + Accidental Dental + Mobility Aids | S$1,000 | S$3,000 | S$5,000 |
Bereavement Grant | S$3,000 | S$5,000 | S$10,000 |
Here’s a summary of Adult Cover and its maximum amount insured:
- Death: $250,000
- Permanent and Total Disablement: $375,000
- Permanent and Partial Disablement: Up to $250,000
- Temporary Total Disablement: $600 per week
- Temporary Partial Disablement: $300 per week
- Worldwide Medical Expenses: $5,000
- Hospitalisation Cash Benefit: $200 per day (Max $10,000)
- Recuperation Benefit: $500
- Bereavement Grant: $10,000
- Terrorism: Available
- MSIG ProtectionPlus' coverage for children will be 10% of the benefits for the chosen Adult plan.
Why should you choose MSIG ProtectionPlus as your Personal Accident Insurance?
- The plan offers a $10,000* bereavement grant, one of the most generous in the market.
- MSIG also offers one of the highest total temporary disablement weekly benefits.
- Great deals for family coverage.
If you and your spouse enrol for ProtectionPlus together, not only does your spouse get 10% off premiums, you can also receive free coverage for up to 3 children.
How Much does MSIG ProtectionPlus Cost?
The annual premiums for MSIG Personal Accident Insurance are as such:
Occupation Group | Silver | Gold | Platinum |
|---|---|---|---|
Group 1 Occupations |
|
|
|
Group 2 Occupations |
|
|
|
Group 3 Occupations |
|
| - |
Child | $10.70 | $16.05 | $26.75 |
Annual Premium for MSIG ProtectionPlus for Applicant and Spouse
Annual Premiums will defer based on Occupation Groups:
Group 1: Professional, managerial, administrative personnel engaged in indoor and non-manual work.
Examples: Managers, Executives, Administrative, Teachers, Architect, Lawyer, Doctor, Nurse, Surgeon (non-veterinary), Indoor Salesperson, Retiree, Homemaker.
Group 2: Supervisory and occupations of an outdoor nature or light manual duties not involving the use of tools or machinery of special hazards.
Examples: Outdoor Salesperson, Property Agents, Engineer, Surveyor, Tourguide, Hairdresser, Veterinary Surgeon, Cleaner, Student, Waiter.
Group 3: Occupations involving manual work or the use of tools or machinery in light industries.
Examples: Cooks, Bakers, Kitchen Helpers, Drivers (Buses, Lorries & Taxis), Dispatch Riders, Delivery Men/Women, Hawkers.
How To Claim From MSIG ProtectionPlus
- Firstly, notify relevant parties - contact your agent, broker or MSIG at +65 6827 7660
- Make a police report if there is a fatal or serious injury
- Gather relevant information like your claims form (which can be found online), medical documents etc and submit them online.
Eligiblity: Who can apply?
- Minimum Age: 18 - 65
Annual Premium: From S$123.05 (Based on a 30-year-old with no pre-existing illnesses or accidental injuries in the last five years working in a non-From S$123.05 (Based on a 30-year-old with no pre-existing illnesses or accidental injuries in the last five years working in a non-manual occupation. E.g. accounta manual occupation. E.g. accountant)
Fulfilment:
• SingSaver Exclusive Promotion Gift will be fulfilled by SingSaver
• MSIG ProtectionPlus Promotion Gift will be fulfilled by MSIG
Contact MSIG Insurance
- visit MSIG ProtectionPlus’s website for more
- Customer Service Hotline +65 6827 7602
- Customer Service Fax +65 6827 2708
- Address: 4 Shenton Way #21‑01, SGX Centre 2, Singapore 068807
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Hi Mel,
Thank you for taking time to leave a review and we are glad that our ProtectionPlus provides you and your family some peace of mind.
If you have further feedback, please feel free to reach out to us at [email protected].
Thank you.