HSBC Accident Insurance
HSBC Accident Insurance plan is called AccidentSurance Plus.
Benefits at a glance
Accidental death coverage
AccidentSurance Plus pays 100% of the sum assured* upon accidental death, up to S$450,000.
Accidental injury coverage
Receive up to 100% of sum insured* in the event of accidental bodily injuries resulting in total permanent disability including loss of sight, limbs, speech and hearing.
30% no claim bonus
Receive a refund of 30% of total premium (plus GST) paid, in the absence of a claim for every three consecutive years.
Incremental sum assured benefit
Enjoy a yearly 10% increase in the principal sum insured, up to a maximum of 50% at the end of Year 5 at no additional cost to you. This means you get increasingly great value on your premiums paid.
Family coverage
Enjoy savings when you include your spouse in the same plan. For a nominal amount, your children can also be covered for a sum insured of S$20,000 per child. Family coverage also provide Children’s Education Fund benefit that pays S$20,000 per child in the event of an accidental death of one or both parents.
Optional benefits
Enhance your coverage with additional options such as Broken Bones coverage which pays up to a maximum of S$10,000 and Traditional Chinese Medicine coverage which pays out S$100 per treatment up to a maximum of S$10,000.
Benefits table
| Plan 1 | Plan 2 | Plan 3 | |
| Principal sum insured for Individual (Adult) plan | S$100,000 | S$200,000 | S$300,000 |
| Accidental death • Adult* • Per child in Family coverage |
100% S$20,000 |
100% S$20,000 |
100% S$20,000 |
| Permanent total disability • Adult* • Child |
100% S$20,000 |
100% S$20,000 |
100% S$20,000 |
| Other disabilities (Adult* / Child) • Loss of sight in two eyes • Loss of two limbs • Loss of sight in one eye and one limb • Loss of speech and hearing • Loss of sight in one eye or loss of one limb • Total loss of speech • Total loss of hearing |
100% 100% 100% 100% 50% 50% 50% |
100% 100% 100% 100% 50% 50% 50% |
100% 100% 100% 100% 50% 50% 50% |
| Indexation benefit for Individual (Adult) Plan Incremental 10% each year on the principal sum insured up to a maximum of 50% of the principal sum insured at the end of Year 5. |
S$150,000 from Year 6 onwards | S$300,000 from Year 6 onwards | S$450,000 from Year 6 onwards |
| N.A. for Child/ren |
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| Children’s Education Fund Upon accidental death of one or both parents who are insured under the Family coverage |
S$20,000 per Child | S$20,000 per Child | S$20,000 per Child |
* Benefit amount will depend on the sum insured (with indexation) of the adult at the time of claim.
Type of plan and premium
| Plan 1 | ||
Self or SpouseSelf and SpouseFamily |
Sum insured S$100,000S$100,000 eachS$100,000 each# |
Premium S$18.00 per month S$216.00 paS$35.10 per month S$421.00 paS$39.00 per month S$468.00 pa |
| Plan 2 | ||
Self or SpouseSelf and SpouseFamily |
Sum insured S$200,000S$200,000 eachS$200,000 each# |
Premium S$30.00 per month S$360.00 paS$58.50 per month S$702.00 paS$65.00 per month S$780.00 pa |
| Plan 3 | ||
Self or SpouseSelf and SpouseFamily |
Sum insured S$300,000S$300,000 eachS$300,000 each# |
Premium S$40.00 per month S$480.00 paS$78.00 per month S$936.00 paS$87.00 per month S$1,044.00 pa |
| 1. Eligibility age: Adults from 18 to 65 years (renewal will be up to 70 years); Children from 6 months to 18 years, or 23 years if a full-time student. 2. Premiums are subject to the prevailing GST rate.# Child’s sum insured under the Family coverage is S$20,000 per child, regardless of the plan chosen. |
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| Optional benefits | ||
Self or SpouseSelf and Spouse |
Broken Bones coverage S$2.00 per month S$24.00 paS$4.00 per month S$48.00 pa |
Traditional Chinese Medicine coverage S$3.00 per month S$36.00 paS$6.00 per month S$72.00 pa |
As Independent Financial Consultants, we provide insurance plans from most of insurance companies. We list several popular Personal Accident insurance plans from different insurance company for your comparison as below:
- AIA Accident Insurance
- AXA Accident Insurance
- Great Eastern Accident Insurance
- HSBC Accident Insurance
- Tokio Marine Accident Insurance
- NTUC Accident Insurance
- Prudential Accident Insurance
- Tenet Accident Insurance
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