Maxis Personal Accident Plan
I just got an SMS from Maxis on purchasing Maxis Personal Accident Plan that cover up to RM180,000 coverage.
This Personal Accident Plan is underwriter by ACE Synergy Insurance Berhad (364935-P), a licensed general insurance in Malaysia.
Maxis Personal Accident Plan: Coverage
Accidental Death & Permanent Disablement = RM180,000
Snatch Theft/Robbery Benefit = RM500
Settlement of Outstanding Phone Bill (due to Accidental Death & permanent Disablement) = RM500
Monthly Premium = RM5.00 (Inclusive of RM0.50 handling fee)
Total Annual= RM60.00
You paid the premium by deducting from your Hotlink airtime every month. This’s very hassle free.
The premium of RM60.50 per annum is quite reasonable for a Personal Accident Plan.
** If you don’t have any Personal Accident Plan, do sign up for this.
** What I don’t like about this Personal Accident Plan is it does not cover Medical Benefit which is very crucial in any Personal Accident Plan.
Accidental Death
In the event of an Accidental Death, you will receive a lump sum of up to RM180,000
Accidental Disability
In the event of an Accidental Disability, you will be paid up to RM180,000 (see table below).
| Disability | Pay-out |
|---|---|
| Permanent Total Disablement | 100% |
| Permanent Loss of two (2) Limbs | 100% |
| Permanent Loss of sight in two (2) eyes | 100% |
| Permanent Loss of one (1) Limb and sight in one (1) eye | 100% |
| Permanent Loss of speech and hearing 100% | 100% |
| Permanent Loss of one (1) Limb or sight in one (1) eye | 50% |
| Permanent Loss of speech | 50% |
| Permanent Loss of hearing in both ears | 50% |
| Permanent Loss of speech and hearing | 75% |
| Permanent Loss of hearing in one (1) ear | 30% |
Snatch Theft/Robbery Benefit
If you are a victim of Snatch Theft or Robbery, you will be paid a lump sum of up to RM500. Provided always that you submit the police report to the ACE Synergy Insurance Berhad.
*Snatch Theft or Robbery Definition
Snatch Theft means loss of wallet, purse, or other bag in your possession at the material time together with the contents therein or loss of any valuables or jewellery worn by you at the material time as a result of the same being snatched away by an unknown person, including any attempt thereof.
Robbery means where, in order to commit a theft, or in committing the theft, or in carrying away property obtained by theft, the perpetrator, for that end,
i. voluntarily causes or attempts to cause death, hurt or wrongful restraint or;
ii. causes or puts in fear of instant death, or of instant hurt, or of instant wrongful restraint or;
iii. at the time of committing the extortion, commits the extortion by causing or putting in fear of
instant death, of instant hurt, or of instant wrongful restraint to
You or to some other person in Your company, and, by putting You or that person in Your company in such fear that induces You to deliver up the property extorted.
*This is not a contract of insurance. The specific details applicable are set out in the policy.
Settlement of Outstanding Phone Bill Benefit
In the event of Accidental Death or Permanent Disablement of the Insured Person, the above benefit shall be paid up to RM500.