Personal Accident Insurance 2023: Coverage, Premiums and Exclusive Discounts

Compare personal accident insurance plans' coverage and policy to find out the best accident insurance for you. read more
Looking for Personal Accident Insurance for Applicant's Occupation Class: Indoor Job (non-manual work)
We found 8 Personal Accident Insurances for you!
MSIG 三井住友 logo

Premium

HK$829.50

30% OffPremiumHK$1,185
Accidental Death & Permanent Disability
HK$500,000
Accident Medical Expenses (per accident)
HK$10,000
Hospital Cash (per week)
HK$500
Premium
PremiumHK$1,18530% Off
HK$829.50
Generali 忠意保險 logo

Premium

HK$550

Premium
Accidental Death & Permanent Disability
HK$0
Accident Medical Expenses
HK$0
Hospital Cash (Per day)
HK$500
Premium
HK$550
AXA安盛 logo

Premium

HK$1,160

Premium
Accidental Death & Permanent Disability
HK$600,000
Accident Medical Expenses (Per Accident)
HK$10,000
Hospital Cash Allowance
HK$10,000
Premium
HK$1,160
MSIG 三井住友 logo

Premium

HK$1,617

30% OffPremiumHK$2,310
Accidental Death & Permanent Disability
HK$1,000,000
Accident Medical Expenses (per accident)
HK$20,000
Hospital Cash (per week)
HK$500
Premium
PremiumHK$2,31030% Off
HK$1,617
AXA安盛 logo

Premium

HK$365

Premium
Accidental Death & Permanent Disability
HK$600,000
Accident Medical Expenses
HK$0
Hospital Cash Allowance
HK$0
Premium
HK$365
Generali 忠意保險 logo

Premium

HK$327

Premium
Accidental Death & Permanent Disability
HK$500,000
Accident Medical Expenses (Per accident)
HK$5,000
Hospital Cash
HK$0
Premium
HK$327
蘇黎世 logo

HK$1,896

Accidental Death & Permanent Disability
HK$1,000,000
Accident Medical Expenses (per accident)
HK$30,000
Hospital Cash (per day)
HK$200
HK$1,896
蘇黎世 logo

Premium

HK$996

Premium
Accidental Death & Permanent Disability
HK$500,000
Accident Medical Expenses (per accident)
HK$15,000
Hospital Cash (per day)
HK$200
Premium
HK$996

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Best Personal Accident Insurance

Personal accident insurancePremium as low asKey features
AXA SmartProtect Plus - Basic PlanHK$1,160
  • One policy covers three generations of family members
  • Daily premium as low as HK$3.2
MSIG iSafe iSafe Accident Insurance Plan AHK$1,185
  • Covers travelling in the Greater Bay Area
  • Hong Kong's 1st personal accident product offering triple indemnity on accidental death benefit if traveling on public transport anywhere in the Greater Bay Area
Zurich PAMultiple Personal Accident Insurance Adult Cover Plan AHK$996
  • 6 month - 80 years old are also eligible
  • Additional cover: general small accidents, general sports, amateur dangerous sports, natural disasters, traffic accidents, terrorist activities, etc.
Generali Bravo Shield Hospital Income PlanHK$495
  • HK$50,000 for ICU confinement for over 3 days or death due to COVID-19
  • Family Plan covering you and your family members from newborn to aged 70

What is Personal Accident Insurance?

Personal accident insurance, as the name implies, protects the insured and his or her dependents, and provides timely financial assistance to the insured family in the event of an unfortunate accident such as a household accident or sports injury. Different insurance providers have different definitions of "accidents", but most of which are "accidents that are not caused by diseases". Generally speaking, personal accident insurance covers:

  • Accidental Death
  • Dismemberment
  • Permanent disability
  • Weekly Allowance During Temporary Disablement
  • Medical expenses

Personal accident insurance can be purchased as a stand-alone policy or as an add-on to a life insurance policy.


In addition, the compensation is mainly paid in the following ways:

  • One-off
  • According to actual reimbursement of medical and hospital expenses
  • Weekly/daily allowance for the period specified in the policy

Personal accident insurance coverage

Traffic accident

Personal accident insurance covers the insured against serious injury or death caused by public transport or private cars.

Accidental deaths and medical expenses caused by natural disasters

Some insurance policies will cover accidental deaths and medical expenses caused by natural disasters such as landslides, fires, home explosions or lightning strikes. However, some insurance companies do not cover it, so the insured should take the time to carefully read the exclusions before purchasing the insurance.

Accidents caused by amateur dangerous sports

Personal accident insurance protects the insured from serious injury or death caused by dangerous amateur sports, but some insurance companies do not cover high-risk activities such as racing, horse racing, rock climbing, extreme sports, etc.

Overseas accident

If the policyholder encounters an accident overseas, which results in serious injury or death, personal accident insurance will provide relevant coverage.

Accidental medical treatment

Personal accident insurance will cover all expenses as a result of accidental injury, including medical treatment, surgery, hospitalization, chiropractic and physiotherapy.

Best Personal Accident Insurance

Generali Bravo Shield Hospital Income Plan

Generali Personal Accident Insurance

  • ​​Generali Bravo Shield Hospital Income Plan covers you and your family members from newborn to aged 70
  • ​HK$500 cash benefit from the very first day of hospitalization due to accidents
  • ​​Benefit will be doubled in case of ICU confinement as a result of severe injury
  • Get HK$50,000 for ICU confinement for over 3 days or death due to COVID-19

AXA Personal Accident Insurance

AXA Personal Accident Insurance

  • AXA Personal Accident Insurance covers your family from 6 months to 80 years old
  • Premium as low as HK$3.2
  • Just pay the premium for one children, and the rest will be covered for free
  • Once approved, your policy, are renewable for as long as you live
  • Jobholders can enjoy income or payment protection to cover off expense

Zurich PAMultiple Personal Accident Insurance Adult Cover Plan B

Zurich Personal Accident Insurance

  • Zurich PAMultiple Personal Accident Insurance Adult Cover covers all family members from newborn to elderly
  • Covers small accidents, general sports, amateur dangerous sports, natural disasters, traffic accidents, terrorist activities, etc.
  • No claim discount - If no claim has been made in the period of insurance, you are entitled to a 5% no claim discount at annual renewal
  • Accident coverage up to HK$1,000,000
  • Provide up to HK$30,000 of inpatient and outpatient medical expenses, including Chinese medicine bone-setting, acupuncture, chiropractic and physiotherapy, etc.

Things commonly not covered under personal accident insurance policy

Common exclusions in accident insurance generally include "high-risk" activities. It is best to take the time to understand the exclusions of different insurance plans before applying for the insurance. Common exclusions are listed as follows:


  • Pre-existing medical conditions
  • Plastic surgery
  • Suicide
  • Illegal act
  • Riot
  • Casualties caused by wars
  • Accidental casualties and medical expenses due to natural disasters
  • Death by natural causes
  • Accident due to taking over-the-counter drugs or under the influence of alcohol
  • Participate in high-risk activities such as racing, horse racing, rock climbing, extreme sports, American football, ice hockey, etc.
  • Pregnancy-related accidents or complications

Things you should know before buying personal accident insurance

Before purchasing personal accident insurance, you should pay attention to the following matters and choose the personal accident insurance plan that is most suitable for you:

People of all age will also benefit from personal accident insurance

Accidents can happen to everyone irrespective of age. It will not only result in loss of income, but also incurs huge medical expenses, creating a huge financial burden. Therefore, in general, having accident insurance is very important for everyone.

Insured age

Accident insurance, like other insurance products, has an age limit for coverage. For example, Generali Bravo Shield Hospital Income Plan covers newborn babies and elderly aged 70 only. If you plan to buy accident insurance for children or the elderly, you need to pay attention to whether the insurance plan has an insurance age limit.

Be aware of common exclusions in accident insurance

Before applying for insurance, the policyholder should take the time to understand the exclusions of accident insurance. For example, some insurance companies do not cover accidental casualties and medical expenses caused by high-risk activities, natural disasters, etc., but some companies will extend the coverage to high-risk activities.

Consider personal and family needs

The most important thing before purchasing personal accident insurance is to understand the needs of you and your family. If your family is quite big, you might benefit from AXA SmartProtect Plus - Basic Plan which provides coverage for three generations of family members.

Occupation of the policyholder may affect premiums

As the risks faced by each occupation are different, the premiums may vary. Generally speaking, it is classified into below 4 categories:

Category 1 Policyholders engaged in clerical duties without the involvement of manual work
Category 2 Insured persons engaged in and/or in supervision of non-manual outdoor work
Category 3 Policyholders engaged in light manual labor (without the use of heavy machinery)
Category 4 People who do manual labor

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FAQ

Who needs personal accident insurance?

Accidents can happen to people of all ages and occupations, so it is recommended that everyone should have accident insurance.

What does personal accident insurance cover?

Generally speaking, the coverage of accident insurance includes accidental death dismemberment permanent disability and weekly allowance during temporary disablement medical expenses.

Is there an age limit for personal accident insurance?

Personal accident insurance has an age limit, generally ranging from 6 months to 70 or 80 years old.

What is the difference between personal accident insurance and life insurance?

Personal accident insurance is more targeted than life insurance, covering death or serious injury caused by "external accidents not caused by illness".

Does accident insurance cover critical illness?

No. in general, critical illness insurance covers serious illnesses such as cancer, stroke, heart attack, etc.

Can I take out personal accident insurance?

In general, personal accident coverage is available as long as you meet the age requirement

Do I need to undergo a medical examination before applying for personal accident insurance?

Not necessarily, but some insurance companies may ask you to undergo a medical examination before approving your application.