POSB Personal Accident Insurance

POSB provides extensive coverage for accidents by giving you 3 plans that are designed to provide support in a number of situations. You can choose from Easy Protect, Prime Protect, and Kids Protect. With Easy Protect, you are entitled to a cash benefit for recovery up to 52 weeks in case of temporary disablement due to an accident.

If you choose to go with Prime Protect, you will be provided with reimbursement for medical expenses for treatments as a result of accidents. On the other hand, with Kids Protect you can ensure that your kids are covered in case of any unfortunate incidents, with premiums starting at S$0.49/day. This insurance policy is underwritten by Chubb Insurance.

Benefits and Cover

Once you choose to go with this insurance plan, you are entitled to the following benefits:

  • Reimbursement in case of hospitalisation arising out of accidents.
  • Cash benefit for the treatment of fractures, dislocations, and burns.
  • Worldwide cover for claims resulting from acts of terrorism.

Cover Offered by Easy Protect

Here are the details of the cover offered, if you choose to go with Easy Protect:

Benefit Insured Amount(S$)
Classic Plan Premier Plan
Accidental Death 100,000 150,000
Permanent Disability Compensation Up to 100,000 Up to 150,000
Recovery Compensation ( paid weekly in the case of temporary disablement) 100/week (Up to 52 weeks/injury) 150/week (Up to 52 weeks/ injury)
Medical Expenses Reimbursement ( including traditional Chinese Treatment) Up to 2000/accident (Up to S$50/consultation) Up to 3000/accident (Up to S$50/consultation)
Special Daily Hospital Cash Benefit ( Applicable for treatment of dengue fever, food poisoning, hand, foot, and mouth disease) 100/day up to 60 days for one illness 150/day up to 60 days for one illness
Terrorism Cover ( not including biological, chemical, or nuclear devices) Covered Covered
No Claim Bonus 15% refund of the premium paid for the last 12 months, if there is no claim (excluding GST) 15% refund of the premium paid for the last 12 months, if there is no claim (excluding GST)

Cover Offered by Prime Protect

Here are the details of the cover offered by POSB Prime Protect:

Benefit Insured Amount(S$)
Classic Plan Superior Plan
Accidental Death 60,000 80,000
Permanent Disability Compensation ( payment subject to compensation scale) Up to 60,000 Up to 80,000
Long Term Care Benefit ( to be paid in case of inability to perform at least 3 activities of daily living) 15,000 20,000
Treatment for Fractures, Dislocations, and Burns Up to 15,000 Up to 20,000
Reimbursement for Medical Expenses ( including traditional Chinese medicine) Up to 1,500/ injury (for Chinese medicine the limit is S$50/consultation and up to S$500/injury) Up to 2,000/ injury (for Chinese medicine the limit is S$50/consultation and up to S$500/injury)
Daily Hospital Benefit ( paid for each day spent in the hospital) 150/day (maximum 60 days) 200/day (maximum 60 days)
Terrorism Cover ( not including biological, chemical, or nuclear devices) Covered Covered
No Claim Bonus 15% refund of the premium paid for the last 12 months, if there is no claim (excluding GST) 15% refund of the premium paid for the last 12 months, if there is no claim (excluding GST)

Cover Offered by Kids Protect

If you choose to go with Kids Protect, you will receive the following cover:

Benefit Insured Amount(S$)
Adore Plan Beloved Plan
Permanent Disability Compensation ( benefit is 50% of the insured amount if the insured person is serving full-time in National Service) Up to 60,000 Up to 80,000
Reimbursement for Medical Expenses
  • Alternative treatment by a physician
  • Zika Fever
  • Hand, Foot, and Mouth Disease
  • Measles
  • Malaria
  • Chicken Pox
  • Dengue Fever
Up to 1,500/occurrence (Sub-limit is capped at S$750 for alternative treatment) Up to 2,000/occurrence (Sub-limit is capped at S$750 for alternative treatment)
Daily Hospital Benefit ( paid for each day spent in the hospital, the benefit is 50% of the insured amount if the insured person is serving full-time in National Service) 100/day (maximum 180 days) 150/day (maximum 180 days)
Terrorism Cover ( not including biological, chemical, or nuclear devices) Covered Covered
No Claim Bonus 15% refund of the premium paid for the last 12 months, if there is no claim (excluding GST) 15% refund of the premium paid for the last 12 months, if there is no claim (excluding GST)

General Exclusions

Here are some of the situations where you are not covered by this insurance policy:

  • Any claims resulting out of self-inflicted injuries or attempted suicide will not be compensated by this policy.
  • Injuries or accidents occurring while being under the influence of alcohol or illegal drugs.
  • You are employed full time in armed services, armed forces, or the military.
  • Injuries occurring out of involvement in any sport, in a professional capacity.
  • Hospitalisation due to any pre-existing medical condition or physical defect.
  • Any condition resulting from complication in pregnancy, childbirth, or abortion.
  • Treatment for any kind of psychiatric, mental, or nervous disorder.

Premium Payments

This section talks about the premium payments that you will have to make, depending on the plan and payment duration that you choose to go with.

Easy Protect Premium Payments

Here are the details of the payment that you will have to make if you purchase the Easy Protect insurance plan:

Payment Duration Classic Plan Premier Plan
Annual Payment S$274.80 S$394.80
Monthly Payment S$22.90 S$32.90

Prime Protect Premium Payments

Following are the details of the payments that you are required to make if you choose the Prime Protect plan:

Payment Duration Classic Plan Superior Plan
Annual Payment S$274.80 S$358.80
Monthly Payment S$22.90 S$29.90

Kids Protect Premium Payments

Here are the premium payments that you have to make in order to protect your dependent children under this insurance plan:

Number of Children Adore Plan Beloved Plan
Monthly Payment Annual Payment Monthly Payment Annual Payment
1 Child S$14.90/child S$178.80/child S$19.90/child S$238.80/child
2 to 4 Children S$13.41/child S$160.92/child S$17.91/child S$214.92/child

Eligibility Criteria

In order to be eligible to be covered by this insurance plan, you need to fulfil the following conditions:

  • You have to be a Singapore citizen or a Permanent Resident.
  • For Easy Protect, you need to between the age of 18 and 64 years old. You can renew this policy up to 70 years old.
  • For Prime Protect, you should be between the age of 40 and 70 years old. This policy is renewable up to the age of 80 years old.
  • For Kids Protect, the child has to be between the age of 1 month and 18 years old during the start of the policy. This policy is renewable up to 23 years of age if the kid is unmarried and unemployed.

How to Buy This Plan

You can buy this insurance policy by visiting your nearest POSB branch. 

How to Make a Claim

If you wish to make a claim for a situation covered by this policy, you can do so by visiting Chubb’s website and accessing the claims portal. Alternatively, you can also call Chubb’s customer care service, where an executive will assist you in making a claim. The claims form along with all the documents has to be submitted within 30 days of the incident resulting in the claim.

Documents Required to Make a Claim

Here are some of the documents that you might be required to furnish while filing a claim:

  • Original bills and receipts of any medical expenses incurred.
  • Any police report, if the claim is due to some malicious or illegal activity.
  • A police investigation report, if the claim is due to a road accident.

Cancellation Policy

If you are not satisfied with the policy and wish to discontinue it, you can do so by giving a 1-month notice to Chubb. You can notify Chubb by sending a registered letter or calling the customer care number.

Contact Information

In case you have any enquiry or require assistance regarding the policy, you can get in touch in the following ways:

  • You can call Chubb’s customer service number on +65 6398 8797. This number is active from Mondays to Fridays, 9:00 a.m. to 5:00 p.m., except on public holidays.
  • You can also visit the POSB website and fill out the online enquiry form.

Frequently Asked Questions

Q. Will the premium payment increase as I get older?

A. No, the premium payment calculated does not depend on your age and does not increase with your age.

Q. What are the situations which will lead to a termination of my policy?

A. Here are some of the situations leading to a termination of your policy:

  • The policy shall be deemed terminated when the amount for accidental death has been paid.
  • When the Accidental Permanent Disability benefit has been paid fully.
  • The policy shall be terminated when you are no longer a Singapore resident.
  • When you reach the age of 81 years old.
  • The policy is terminated in case of death of the insured person.

Q. Who is considered an Alternative Medical Physician under this policy?

A. Under this policy, an alternative medical physician is a legally licensed traditional medical practitioner, chiropractor, or physiotherapist.

Q. Does Kids Protect cover my children if they are studying overseas?

A. Yes, your children will continue to be covered even if they study abroad, as long as they continue meeting the eligibility criteria.

Q. How is my 15% No Claim Bonus calculated?

A. At the end of every 12 consecutive without a claim, you shall be refunded 15% of the policy premium. The refunded amount is excluding

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