Best Accident Insurance Plans in the Philippines

Last Updated – Oct 6, 2022 @ 12:41 pm

This guide is co-presented by Kwik.insure.

No person plans on being involved in an accident — whether it’s a sports injury, car crash, or slip and fall. These unpleasant surprises do not only bring you immense pain, but they can also leave you in debt if you don’t prepare well for it. 

The last thing you want is to worry about finances when you’re in recovery, or worse, leave your loved ones with a financial burden. 

This is why having accident insurance from a trusted provider can help you handle your expenses even before your medical bills pile up. 

What is Accident Insurance

Accident insurance can be used to fill in the gaps in health, disability, and other types of insurance. However, it’s not meant to be a substitute for those. Accident insurance is an added layer of protection that can cover out-of-pocket costs that are associated with injuries from accidents.

The different types of accident insurance can be purchased similar to other insurance plans. 

Because it’s impossible to predict accidents, this type of insurance is beneficial for everyone. Health coverage is now more expensive than ever so having accident insurance will allow you to have an affordable way to cover additional expenses. 

Related: How to get a Life Insurance in the Philippines

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What is Covered by Accident Insurance?

Accident insurance can cover a lot of things such as injuries from loss of limb, broken bones, lacerations, paralysis, and burns, among many others. 

Accident insurance is a type of supplemental insurance that is very helpful when used with other medical plans. 

This will free you from worrying about the expenses that are not covered by your current medical plan, which may include copayments. 

It can also take care of non-medical costs such as loss of daily wage. In the event of death, it can also cover financial damages to your beneficiary. 

Also check out: Best HMO & Prepaid Health Cards in the Philippines

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Top Accident Insurance Plans in the Philippines

When it comes to choosing accident insurance plans, you have to go with a trusted provider. 

Kwik.insure is the leading online insurance marketplace in the country that caters to people who want to get adequately insured. We’ve gathered the most helpful accident insurance plans offered by Kwik.insure and its partners below.

Metropolitan Personal Accident Insurance

This affordable accident insurance plan is provided by Metropolitan Insurance Company. It can cover losses from accidents up to Php150,000. 

Eligibility: 18 to 65 years old
Price: Starts at PHP 45 (for 1-year coverage)

Coverage: 

• Accidental death & disablement / dismemberment 
• Unprovoked Murder & assault
• Medical reimbursement
• Burial expenses

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GenCare Life Personal Accident

Provided by Generali Life Assurance Philippines, Inc, this insurance offers a holistic type of protection that can cover up to Php500,000 of benefits.

Eligibility: 18 to 65 years old
Price: Starts at PHP100 (for 1-year coverage of up to PHP100,000)

Coverage:

• Accidental death & disablement / dismemberment
• Motorcycling coverage·  Unprovoked Murder & assault

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STARR Accident Protect

Provided by Starr Insurance Companies, this insurance is bound to protect yourself as well as your family from accidents. It offers up to Php2,000,000 worth of benefits. 

Eligibility: 18 to 65 years old
Price: Starts at PHP217.50 (1-year coverage up to PHP100,000)

Coverage:

• Accidental death & disablement / dismemberment
• Medical expenses
• Burial expenses
• Burns benefits
• Common carrier benefits
• Unprovoked murder and assault

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GenCare Personal Care

This is another holistic life and health protection insurance offered by Generali Life Assurance Philippines, Inc. This can cover up to PHP200,000 worth of damages. 

Eligibility: 18 to 65 years old
Price: Starts at PHP490 (for 6 months coverage up to PHP50,000)

Coverage:

• Accidental death & disablement / dismemberment
• Emergency room, outpatient, and life-threatening cases
• Daily hospital income due to all causes (14 days maximum)
• 24/7 Call-a-Doc

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Malayan Insurance Falmily Relief

This insurance presented by Malayan Insurance protects not only you but also your family from the financial worries that are caused by accidents, including a comprehensive burial and funeral insurance up to Php500,000. 

Eligibility: 1 to 70 years old
Price: Starts at PHP500 (coverage of up to PHP500,000)

Coverage:

• Burial expense 
• Burial services
• Funeral service expense
• Funeral services
• Casket or urn

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MAPFRE Individual Personal Accident Insurance

Presented by MAPFRE Insurance, this insurance is one of the best solutions for accidents. It can cover up to PHP5,000,000 worth of damages. 

Eligibility: 18 to 70 years old
Price: Starts at PHP624 (1-year coverage up to P500,000)

Coverage:

• Accidental death & disablement / dismemberment
• Medical expense
• Burial expense
• Motorcycling coverage
• Unprovoked Murder & assault
• Emergency medical transport
• Comatose state lump sum
• Repatriation of mortal remains following an accidental death
• Daily hospital income loss due to accident (maximum of 30 days) 
• Daily hospital income loss due to acute physical illness (maximum of 30 days)

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Fortune General Personal Accident Insurance

This insurance by Fortune General can give you up to PHP1,000,000 worth of compensation for death or injuries that happen due to accidents.

Eligibility: 18 to 65 years old
Price: Starts at PHP951.85 (1-year coverage up to PHP250,000)

Coverage:

• Accidental death & disablement / dismemberment
• Unprovoked Murder & assault
• Medical expenses
• Burial expenses
• Accidents due to motorcycling
• Daily hospital income loss due to accident (maximum of 30 days)

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Liberty Moms

This insurance by Liberty Insurance Corporation covers losses up to PHP100,000 that are associated with miscarriages from the first day to the 24th week of pregnancy. 

Eligibility: 20 to 45 years old
Price: Starts at PHP1,488.80 (coverage up to PHP100,000)

Coverage:

• Accidental death & disablement / dismemberment
• Medical expense due to an accident
• Burial expense due to accident
• Medical reimbursement for miscarriage 
• Disorders of the immune system
• Severe malnutrition
• Congenital health defects of the baby

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Personal Accident – KanGuard (FWD)

Established in Asia in 2013, FWD boasts a customer-led approach to address the insurance gap in the Philippines. Despite being a new player in the field, the company has cemented its name as one of the leading insurance providers in the country.

The KanGuard Personal Accident & Terrorism Insurance covers up to PHP500,000 worth of damages.

Eligibility: 18 to 50 years old
Price: starts at PHP1,799 per year

Coverage:

• Death due to an accident, including terrorist act
• Death that occurs 180 days from the date of the accident
• Disabilities due to a terrorist act
• Disabilities confirmed by a medical practitioner
• Disabilities that occur within 180 days from the date of the terrorist act

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Malayan Insurance Stela Shield

This insurance provided by Malayan Insurance ensures that women can enjoy a wide array of protection from accidents. It provides up to Php1,000,000 loss coverage.

Eligibility: 18 to 64 years old
Price: Starts at PHP2,825 (coverage up to PHP1,000,000)

Coverage:

• Accidental death & disablement / dismemberment
• Unprovoked Murder & assault
• Medical expense due to accident
• Burial expense due to accident
• Daily hospital income due to accident & sickness (maximum of 10 days)
• Daily hospital income due to maternity (maximum of 2 days)
• Daily hospital income due to assistance for unattended dependent minors (maximum of 10 days)
• Unprovoked Murder & Assault (physical sexual assault)
• Robbery / hold-up / assault 
• Bag/wallet repair
• Identity theft restoration-document replacement
• Identity restoration indemnity·  24/7 concierge on hotel, restaurant, and event planning

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Singlife Protect from Income Loss (Accidents Only)

Singlife is one of the most popular and in-demand insurance companies in Singapore and they now offer comprehensive plans through GCash.

With this plan, you can have peace of mind that you and your loved ones will be taken care of if an accident affects your regular monthly income.

This plan covers the following accidents:

• 100% coverage:
  • Traveling accident on land, air, or sea
  • Unprovoked assault
  • Fire-related accident
  • Accidental drowning
  • Accidental suffocation from inhalation of fumes
• 50% coverage:
  • Accident while doing an occupation-related task
  • Accident during acts of terrorism or attacks/warfare
  • Accident while doing high-risk sport or activity

This plan covers accidents only, but Singlife also has another plan that covers a wider range of causes and conditions that affect income loss.

Purchase of this plan only takes just a few minutes and you don’t have to speak to an agent. The claims request process is also very hassle-free.

Eligibility:

• 18 to 64 years old
• Must be a fully-verified GCash user
• Filipino citizens/foreigners who are legal Philippine residents

Price:

• As low as Php209 per month / Php836 per year

*premium depends on your mode of transportation, monthly take-home income, workplace environment, and chosen coverage

Coverage:

• Php720,000 total benefit + 2 months’ cash bonus
• 100% income replacement for 36 months in case of accidents

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How to claim accident insurance in the Philippines?

Filing an accident insurance claim will ensure that you will receive the compensation and assistance you are entitled to after sustaining an accident.

Every insurance holder should know the entire accident insurance claims process, as well as the steps they need to take after the accident they encountered:

Here’s the list of requirements needed:

• Filled out accident/sickness insurance claim form
• Report form of attending physician
• Police report or notarized affidavit of the accident/statement of witness
• Copy of the certificate of insurance + proof of premium payment

For accidental death, insurers may also require the following:

• Birth of Certificate of insured and beneficiaries (authenticated copy)
• Death Certificate (authenticated copy)
• Marriage Contract (authenticated copy)
• Autopsy report
• Toxicology report

For dismemberment or disablement, insurers may require the following:

• Specialist’s certification on the physical or medical condition of the insured person (for example, EENT for loss of sight)
• Photos showing the condition of the insured person

Keep in mind that most insurance companies may request other documents.

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How long does it take to receive the benefits?

This depends on a case-to-case basis. Typically, it only takes three to seven days. However, there are certain cases that take weeks to months, depending on how serious the accident is.

To make the claims process faster, make sure to submit the complete list of requirements. Additionally, do not hesitate to follow up with your agent or insurer.

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Accident Insurance FAQs

Here are some of the questions you may have about accident insurance plans in the Philippines.

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