Prestige PACare
Prestige PACare | Premium Personal Accident Plan
Your guardian in life’s unpredictable moments
Prestige PACare is a premium personal accident plan that enables you and your loved ones to continue enjoying your quality of life while living life to the fullest in the event of an accident.
With high 24/7 worldwide coverage of up to S$3.5 million for permanent disablement or death due to an accident, have a new level of confidence as you navigate life’s uncertainties, knowing that we are here to protect you every step of the way.
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Key benefits
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Enjoy up to S$3.5 million coverage against accidents
Get optimal, high accident coverage between S$1 million and S$3.5 million for permanent disablement or death due to an accident that is customised to your standard of living to support you and your family’s financial security.
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Medical Expense Reimbursement up to S$20,000 for each & every Accident
Option to supplement with additional coverage1 and get up to S$20,000 per accident on expenses such as mobility aids as well as Traditional Chinese Medicine (TCM) and chiropractic treatments2. With this extensive coverage, you can have the flexibility to decide alternative medical care and treatments to speed up your recovery process.
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Assurance of 24-hour emergency assistance1, worldwide
Designed to safeguard you globally, you are supported by our 24-hour Alarm Centre to help with any emergency medical, legal referral or relevant administrative assistance whether you are at home, traveling or working abroad.
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Worldwide protection that covers terrorism3
Acts of terror can occur any time any place. Enjoy 24/7 worldwide protection against any act of terrorism3.
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Enjoy guaranteed renewability and 5% renewal discount
Renew your plan annually until age 75. Additionally, enjoy a 5% renewal discount on your premium, starting from the 2nd policy year, regardless of any claims made under the plan.
How Prestige PACare works
Daniel, management consultant, who is covered by Prestige PACare with a sum assured of S$1,000,000 and a yearly premium of S$1,325* inclusive of the optional supplement, met with an accident while on a business trip in France. Due to the head injury caused by the accident, Daniel became completely paralysed and suffers from Total and Permanent Disability (TPD).
- His family receives a lump sum payout of S$1,500,000.
- They are also reimbursed with up to S$20,000 for his medical expenses1.
- Although Daniel is no longer able to work and support his family financially after the accident, the plan's payout helps to cushion the financial impact by paying for his post-accident living costs and care arrangements, and ensures that his family is taken care of at the same time.
Your questions answered
Prestige PACare is a yearly renewable personal accident plan which is specially designed to pay benefits on any accident which results in a sudden, unforeseen and involuntary injury to the life assured which occurs independently of an illness, disease or any other causes during the period of insurance. Injury refers to damage of bodily tissues that is not sustained as a result of an illness or disease.
This plan covers Accidental Death and Permanent Disablement, with the option to supplement coverage on Medical Expense Reimbursement and Emergency Assistance Services.
This policy is not a MediSave-approved policy and you may not use MediSave to pay the premiums for this policy.
Please refer to the Table of benefits as shown in the brochure for the summary of benefits payable under Prestige PACare.
We will reduce all benefits payable under this policy by 50% if the life assured suffers the claim event while engaging in:
(a) sports coaching;
(b) motor cycling;
(c) military or police service of a peace-time nature, namely normal training, rangework and military exercises including National Service under Section 10 of the Enlistment Act 1970 of the Republic of Singapore (other than peace-time reservist duty under Section 14 of the Enlistment Act 1970 of the Republic of Singapore whereby full benefits shall be payable).
Furthermore, if it is proven that the life assured suffered the claim event while engaging in any of these activities and in so doing, broke or disregarded the usual precautions and safety guidelines accepted for that activity, we may adjust any benefits otherwise payable under this policy or reject the claim for such benefit.
Premium rates for Prestige PACare are not guaranteed. These rates may be adjusted based on future experience. We may at our sole discretion change the premium rates by giving at least 30 days’ notice to the policyholder before the renewal date, on which these amended rates shall apply.
There will be no protection under this policy if you surrender your policy early. As the policy has no cash value, you will also lose the premiums that you have paid.
This policy is renewable yearly up to the renewal date before the life assured turns age 75. All endorsements on and variations in this policy authorised by us and any premium loading imposed will also apply to the insurance granted upon renewal unless otherwise agreed in writing by us. Please also note that this renewability is not guaranteed and we reserve the right not to renew the policy.
This is a short-term accident and health policy and the insurer is not required to renew this policy. The insurer may terminate this policy by giving you 30 days’ notice in writing.
For more details on Prestige PACare, please refer to the product summary of the relevant plan. Alternatively, you may also speak to your financial representative or call us at 1800 248 2888 (9am to 5.30pm, Mon- Fri).
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Understand the details before buying
1 This is an optional feature of the plan.
2 Up to S$20,000 per accident for medical expenses, including up to S$500 for treatment by a Traditional Chinese Medicine (TCM) practitioner registered with the Ministry of Health in Singapore, or a qualified chiropractor who holds a degree in chiropractic medicine and is registered with a recognised chiropractic organisation. The plan also reimburses up to S$1,000 for expenses on mobility aids.
3 Up to a benefit limit of S$2 million per life assured, under this plan and all other plans or riders providing similar benefits on terrorism.
* The annual premium illustrated is rounded to the nearest dollar and inclusive of the prevailing rate of GST. The prevailing rate of GST is subject to change. The premium rates for this policy are not guaranteed and may be adjusted based on future experience.
All ages specified refer to age next birthday.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
This brochure applies mainly to Singapore Citizen/Permanent Resident. If you are not a Singapore Citizen/Permanent Resident, you have to meet certain residency requirements before you can apply for a policy or renew it.
This brochure is for general information only. It is not a contract of insurance. The precise terms and conditions of this insurance plan are specified in the policy contract.
It is usually detrimental to replace an existing accident and health plan with a new one. A penalty may be imposed for early plan termination and the new plan may cost more or have less benefits at the same cost.
You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.
In case of discrepancy between the English and Chinese versions, the English version shall prevail.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
Information correct as at 8 May 2024.