Personal Accident

AXA Band Aid: Your Essential First Aid Kit for Life's Unexpected Moments

In today's unpredictable world, having a safety net for accidents is crucial. AXA Band Aid offers an affordable and customizable personal accident plan , designed to provide financial protection when you need it most. Let's explore how this plan can be your essential first aid kit for life's unexpected moments.

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What is AXA Band Aid?

AXA Band Aid is a personal accident plan that provides a lump sum payout in case of accidental death or permanent disability . It's designed to be an affordable and customizable safety net, starting from just S$1/week* for essential coverage.

Key Features of AXA Band Aid

Basic Plan Benefits

  • Accidental Death Benefit (ADB)

  • Accidental Permanent Disability Benefit (APDB)

  • Double coverage on public transportation

  • Triple coverage on commercial airplanes

  • Free Child Cover (for basic sum assured of at least S$500,000)

Optional Benefits

  • Medical Expenses

  • Broken Bones Benefit

  • Home Modification Reimbursement

  • Accident Medical Reimbursement

  • Weekly Benefit on Disablement

  • Daily Accident Hospitalisation Income

Real premiums suggested for AXA band aid

25, Female making $3,300 a month

Coverage:
accidental death
$50,000
medical expenses
$1,000
broken bones benefit
$10,000
accident medical reimbursement
$5,000
daily accident hospital income
$100
Premium:
$268.65
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What Does It Cover?

Basic Plan

  • Accidental Death and Permanent Disability: Lump sum payout

  • Enhanced Coverage: 2x payout on public transport, 3x on commercial flights

  • Free Child Cover: 10% of your basic sum assured for up to 3 children (if your basic sum assured is at least S$500,000)

Optional Benefits

  • Medical Expenses: Covers diseases like Hand, Foot and Mouth Disease for up to 12 months

  • Broken Bones: S$10,000 to S$50,000 depending on injury and coverage

  • Home Modification: Reimbursement for home changes needed after an accident

  • Accident Medical Reimbursement: Covers inpatient and outpatient treatments, including TCM, dental, nursing care, mobility aids, and physiotherapy

  • Weekly Indemnity: Pays a weekly benefit if you're temporarily disabled

  • Daily Accident Hospitalisation Income: S$50 to S$400 per day, up to 100 days (200% for ICU stays, up to 50 days)

How Much Does It Cost?

Occupational Classification:

  • Class 1: Office-based professionals and administrators
  • Class 2: Field workers with some manual work, and children aged 0-16
Sum AssuredClass 1Class 2
S$100,000S$101S$110
S$200,000S$201S$220
S$500,000S$503S$551

Suggested Packages

S$100,000 Sum Assured

  • Medical Expenses: Up to S$500/year

  • Broken Bones: Up to S$10,000/year

  • Accident Medical Reimbursement: Up to S$2,000/year

S$200,000 Sum Assured

  • Broken Bones: Up to S$15,000/year

  • Home Modification: Up to S$10,000/lifetime

  • Accident Medical Reimbursement: Up to S$3,000/year

  • Daily Accident Hospitalisation Income: S$100/day

S$500,000 Sum Assured

  • Medical Expenses: S$900/year

  • Broken Bones: Up to S$30,000/year

  • Home Modification: Up to S$20,000/lifetime

  • Accident Medical Reimbursement: Up to S$5,000/year

  • Weekly Indemnity: S$300/week

  • Daily Accident Hospitalisation Income: S$250/day

  • Free Child Cover included

Real-Life Examples

Accidental Fall

If you slip and fall at home: You'd receive a lump sum if it results in permanent disability, your medical bills would be covered (with Accident Medical Reimbursement option), and you could claim reimbursement for home modifications (with Home Modification option).

Sports Injury

If you break a bone while playing sports: You'd receive a payout under the Broken Bones Benefit, your medical expenses (including physiotherapy) would be covered, and you'd receive daily hospital income if hospitalized.

Public Transport Accident

If you're injured in a bus accident: You'd receive double the basic sum assured for death or permanent disability , all relevant medical expenses would be covered, and you might receive weekly benefits if temporarily disabled.

Pros and Cons

Pros

  • Affordable starting price (from S$1/week)

  • Customizable with optional benefits

  • Enhanced coverage for public transport and air travel

  • Covers a wide range of accident-related expenses

  • Free child cover with higher sum assured plans

Cons

  • Basic plan only covers accidental death and permanent disability

  • Some benefits have coverage limits

  • Premiums may vary based on occupational class

  • Not a comprehensive health insurance replacement

Frequently Asked Questions

Can I customize my plan beyond the suggested packages?

Yes, you can talk to an AXA financial adviser for a customized plan.

What if my occupation doesn't fall under Class 1 or 2?

Contact an AXA financial adviser for specific details on your occupational class.

Is there an age limit for this plan?

The brochure doesn't specify age limits. Check with AXA for detailed eligibility criteria.

Can I change my coverage later?

Contact AXA to discuss options for adjusting your coverage.

How do I make a claim?

Contact AXA as soon as possible after the accident. They'll guide you through the process.

Wrapping It Up

AXA Band Aid offers a flexible and affordable way to protect yourself and your family against accidents. With its customizable options and enhanced coverage for public transport, it can be a valuable addition to your insurance portfolio. However, it's important to remember that this is primarily an accident plan and doesn't replace comprehensive health insurance.

Consider your lifestyle, existing coverage, and budget when deciding if AXA Band Aid is right for you. It could be particularly beneficial for those who frequently use public transport or travel by air, or for families looking for additional protection for their children.

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Why people were suggested AXA band aid

Aqilah
Aqilah, 25
GenderFemale
Monthly Income$3,300
Insurance Types Suggested
  • Critical Illness
  • Hospital
  • Personal Accident
Why Band Aid Personal Accident Plan with AMR, DHI, BBB, ME cover was suggested:
This personal accident plan provides coverage for accidental death, medical expenses, and daily hospital income in case of an accident-related hospitalization. The broken bones benefit and accident medical reimbursement can help cover additional costs. As the prospect mentioned a desire for coverage for loss of income due to hospitalization, this plan can provide financial protection in such scenarios.
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