Personal Accident Insurance 2026: Coverage, Premiums and Exclusive Discounts
Compare personal accident insurance plans' coverage and policy to find out the best accident insurance for you.
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Best Personal Accident Insurance
| Personal accident insurance | Premium as low as | Key features |
|---|---|---|
| Personal accident insuranceAXA SmartProtect Plus - Basic Plan | Premium as low asHK$1,160 | Key features
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| Personal accident insuranceMSIG iSafe iSafe Accident Insurance Plan A | Premium as low asHK$1,185 | Key features
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| Personal accident insuranceZurich PAMultiple Personal Accident Insurance Adult Cover Plan A | Premium as low asHK$996 | Key features
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| Personal accident insuranceGenerali Bravo Shield Hospital Income Plan | Premium as low asHK$495 | Key features
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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 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 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 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
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
Occupation of the policyholder may affect premiums
| 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 |
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.