【New】Personal Accident Insurance
10Life Team
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!
Disclaimer
10Life Product Comparison and 10Life Insurance Ratings are developed by 10Life Financial Limited, an authorised insurance broker with Insurance Authority License Number FB1526. 10Life Product Comparison and 10Life Insurance Ratings are developed for generic customer segments using mathematical calculations based on product information, facts and data, and are not influenced by any partnerships with or fees received from insurance companies.
Any information on 10Life Platform ("10Life Information"), including but not limited to Product Comparison, Product Ratings, Blog Articles are intended for general education purpose and reference only and should not be constituted as any insurance, financial, investment or other professional advice or solicitation to buy insurance, financial or investment products. 10Life Information does not take into account your individual needs. Reading 10Life Information should not be considered as conducting a suitability assessment. You should only rely on information authorised by insurance companies and/or seek independent advice from licensed intermediaries before purchasing any insurance products or making any insurance decisions. While best effort is used when collecting, validating and updating 10Life Information from various channels, none of 10Life Group and its subsidiaries, affiliates, agents, directors, officers and employees will be responsible for any liability arising from using 10Life Information or for any claims and/or losses caused thereby, and no warranty or guarantee is made on the accuracy, completeness and timeliness of the information.
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