Personal Accident

i50 Insurance: Your Complete Guide to Essential Family Protection

Are you worried about unexpected accidents or damage to your home? You're not alone. Many Singaporean families are looking for affordable ways to protect themselves and their homes. That's where i50 Insurance comes in. Let's explore how this unique plan can give you and your loved ones peace of mind .

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What is i50 Insurance?

i50 Insurance is a special package designed by Income to provide essential protection for Singaporean families . It offers two main plans:

  1. PA 360: Personal accident coverage
  1. Home 360: Combined personal accident and home protection

What Makes i50 Insurance Stand Out?

Affordable

Coverage starts from just $0.50 a day

Easy to Apply

No medical check-up needed

Fair Pricing

Same premium regardless of your job

Family-Friendly

Covers unlimited number of dependent children at no extra cost

Comprehensive Home Coverage

No worries about being under-insured

Extra Help

Free 24/7 emergency home assistance

Why compare i50 Insurance with other Personal Accident options through Whatins?

Traditional Approach

  • Limited to one company's definitions
  • May not know about better coverage elsewhere
  • Single view on occupation classifications

Whatins Advantage

  • Compare accident definitions across insurers
  • See how different plans cover various activities
  • Get multiple views on occupation coverage
  • Understand different approaches to sports coverage

In summary: If you want more control and multiple suggestions, then Whatins is the way to go.

Key Features of i50 Insurance

PA 360 (Personal Accident Coverage)

  • Worldwide protection, 24/7

  • Covers medical expenses from accidents

  • Provides daily hospital income and weekly cash benefits

  • Includes coverage for 21 infectious diseases

  • Offers support for home modifications and trauma counseling if you become permanently disabled

Home 360 (Personal Accident + Home Coverage)

All benefits of PA 360, plus:

  • Protection for your home's building, renovations, and contents

  • Coverage against events like fire, theft, and flood

  • Public liability protection

  • 24/7 emergency home assistance (plumbing, electrician, locksmith, pest control)

What Does It Cover?

Both PA 360 and Home 360 offer two levels of coverage: Basic and Superior. Here's a simple breakdown of some key benefits:

Personal Accident Coverage (for both PA 360 and Home 360)

  • Accidental Death: $58,000 (Basic) / $128,000 (Superior)

  • Permanent Disability: $58,000 (Basic) / $128,000 (Superior) per year

  • Medical Expenses: $500 (Basic) / $2,000 (Superior) per accident

  • Daily Hospital Income: $50 (Basic) / $100 (Superior) per day

  • Child Support Fund: $5,000 (both plans)

Home Coverage (only for Home 360)

  • Building/Renovations: Up to $150,000

  • Contents: Up to $50,000

  • Homeowner's Public Liability: Up to $500,000

How Much Does It Cost?

Note: These prices include 9% GST.

PA 360 (Yearly Premium)

  • Individual Basic: $183.36

  • Family Basic: $391.18

  • Individual Superior: $293.38

  • Family Superior: $598.99

Home 360 (Yearly Premium)

  • Individual Basic: $268.94

  • Family Basic: $476.74

  • Individual Superior: $378.95

  • Family Superior: $684.56

Real-Life Examples

Accidental Injury

If you fall and break your leg:

  • Your medical bills would be covered (up to your plan limit)

  • You'd receive daily cash benefits if you're hospitalized

  • You could claim for physiotherapy and even Traditional Chinese Medicine treatments

Home Fire

If a fire damages your home:

  • Repairs to your home would be covered (up to $150,000)

  • Damaged contents would be replaced (up to $50,000)

  • You'd be protected if the fire spreads to your neighbor's home

Infectious Disease

If you're diagnosed with dengue fever:

  • Your medical expenses would be covered

  • You'd receive daily hospital income if you're admitted

Pros and Cons

Pros

  • Affordable premiums

  • No medical check-up required

  • Same premium regardless of occupation

  • Covers unlimited number of dependent children in family plans

  • Comprehensive home coverage without worry of under-insurance

  • Free 24/7 emergency home assistance

Cons

  • Coverage amounts may be lower than some standalone plans

  • Home coverage only available with Home 360 plan

  • Some coverage limits reduce after age 65

Frequently Asked Questions

Who can apply for i50 Insurance?

Anyone with a valid Singapore ID, aged 15 days to 65 years old.

Can I cover my whole family?

Yes, family plans cover you, your spouse, and all your dependent children under 25.

Is there worldwide coverage?

Yes, but only for trips up to 180 days. Some countries are excluded.

What's not covered?

Self-inflicted injuries, professional sports, and pre-existing conditions are typically not covered.

How do I make a claim?

Contact Income as soon as possible after the accident or incident. They'll guide you through the process.

Wrapping It Up

i50 Insurance offers a unique combination of personal accident and home protection , designed specifically for Singaporean families. It provides essential coverage at an affordable price, with the flexibility to choose the level of protection that suits your needs and budget.

With its easy application process, family-friendly features, and additional benefits like infectious disease coverage and emergency home assistance, it's a comprehensive solution for those looking for basic protection without breaking the bank.

Remember, the best insurance is the one that fits your specific needs and situation. Consider your current coverage, lifestyle, and budget before making a decision.

Get Expert Advice

Ready to take the next step? Don't rely on just one opinion. Get expert insights tailored to your unique situation. Sign up now to receive 5 expert opinions on personal accident and home insurance. These professionals will review your needs and provide personalised recommendations, helping you make the most informed decision possible.

By consulting with multiple experts, you'll gain a comprehensive understanding of your options and ensure you're choosing the best coverage for you and your family. Don't leave your protection to chance – get the expert advice you deserve today.

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