【New】Personal Accident Insurance

Following the popular Savings Whole Life and Critical Illness Insurance Scores, 10Life has now launched the Accident Insurance Score! Our actuaries have compared over a dozen personal accident insurance products in the Hong Kong market, analysing their value from multiple dimensions including death/disability payout, medical expense cover, physiotherapy /bone-setting cover, hospital cash cover and extreme sports coverage. 

Scoring Methodology:

• Death/ Disability Benefit (30%): compare death/ maximum disability payout as multiple of annual premium
  
• Medical Reimbursement (30%): compare maximum medical reimbursement payout as multiple of annual premium
  
• Physiotherapy/Bone-setting cover (20%): compare the coverage ratio assuming the insured requires the following treatment per accident: i) 5 physiotherapy sessions of HK$500 each; or ii) 5 Chinese bone-setting sessions of HK$200 each 
  
• Hospital Cash (10%): compare daily hospital cash payout (assume for 7 days) as multiple of annual premium
  
• Extreme Sports Coverage (10%): score based on whether these common adventurous sports are covered - skiing, scuba diving, parachuting, rock climbing and non-professional bicycle race
  

If you come across any questions on accident insurance, please use the anonymous Q&A function on 10Life app to get instant response from multiple licensed advisors!