Great Eastern’s Prestige PACare is a personal accident insurance plan that offers comprehensive coverage and financial protection in case of unforeseen accidents resulting in injury. This plan covers accidental death, permanent disability, medical expenses, and emergency assistance, providing you with peace of mind.

To be eligible for this plan, you must be between the ages of 17 and 65, and you can renew your coverage yearly until you reach the age of 75. The premium rates are categorized based on your occupation or class, with Class 1 comprising clerical, administrative, non-manual, managerial, or professional jobs, Class 2 including supervisors and non-Class 1 roles that do not involve special hazards or working with machinery, and Class 3 encompassing manual labor that is not hazardous but may involve the use of machinery and tools.

The benefits provided by Prestige PACare can be reduced by 50% if the claim event occurs while serving under the Policy or Military service, motorcycling, or sports coaching, as these activities are considered high-risk. Benefits will be paid within a year of the accident and cover events such as accidental death and permanent disablement.

In addition to the basic coverage, there is an optional add-on rider available that provides medical expenses reimbursement and emergency assistance services. The medical expenses reimbursement covers the policyholder’s medical expenses up to certain limits, including expenses incurred through complementary medicine practitioners such as TCM and chiropractors, subject to a limit of S$500 per accident. The rider also provides reimbursement for mobility aids, subject to a limit of S$1,000 per accident.

The emergency assistance services offered by Prestige PACare include medical evacuation, medical repatriation, mortal remains repatriation, compassionate visit, return of a minor, non-medical escort, and excess accommodation expenses. These services are available when the insured experiences a severe injury or sudden illness while traveling outside their home country or country of residence.

Key features of Prestige PACare include coverage for terrorist attacks up to S$2,000,000, renewable privileges for policyholders between the ages of 17 and 65, and extensive 24-hour global protection. Whether you’re traveling for work or leisure, Prestige PACare can arrange for the help you need and cover the costs, providing you with peace of mind.

To illustrate how Prestige PACare works, let’s consider the case of Peter, a management consultant who has a policy with a coverage of S$1,000,000. While on a business trip in Germany, Peter has an accident that causes a head injury and leaves him paralyzed. Thanks to his Prestige PACare policy, Peter’s family receives a lump sum payment of up to S$1,000,000 to support them financially since Peter can no longer work and provide for them. In addition, his family is reimbursed up to S$20,000 for his medical expenses related to the accident. This payout helps cover the costs of Peter’s ongoing care and living arrangements, ensuring that his family will be taken care of during this challenging time.

In summary, Great Eastern’s Prestige PACare is a comprehensive personal accident insurance plan that offers financial security and protection against accidents. With coverage options of up to S$3.5 million, reimbursement for medical expenses, and extensive global assistance services, this plan provides peace of mind for individuals seeking protection. While the Prestige PACare plan may be suitable for many people, it’s important to explore different options and compare various personal accident plans to ensure you find the best fit for your specific needs and budget. Consulting with a financial advisor or seeking a second opinion can also help you make an informed decision about the insurance coverage that is best for you.

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Benjamin Low
Benjamin Low

Benjamin is known as The Passive Income Guy. He has helped hundreds of people to build passive income. He is also a member of the Million Dollar Round Table, and Certified Financial Planner™ (CFP®) and Certified Private Banker (CPB).

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