Best Accident Insurance Plans in the Philippines

Last Updated – Aug 18, 2021 @ 5:21 am

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


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


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

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

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

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

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

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)

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)

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

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

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

Accident Insurance FAQs

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

Difference between Health Insurance and Accident Insurance?

Health insurance can give you multiple protection that is related to medical emergencies caused by various situations. Accident insurance is only meant to be a supplemental plan that you can buy to give you an added layer of protection for accidents, especially if you do not want to worry about finances. 

Who is Accident Insurance best for? Why do I need accident insurance?

Everyone should get accident insurance particularly those whose health insurance does not cover medical expenses caused by accidents. 

What is considered an accidental injury?

An accidental injury involves injuries that are caused by something that happened unintentionally or something unforeseen. 

Is it worth it to get accident insurance in the Philippines?

When you encounter an accident and suffer from injuries because of it, you deserve to enjoy peace of mind. Accident insurance is very helpful considering road traffic accidents, and falls are part of the leading causes of death in the country

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About MJ de Castro

Mary Joy de Castro writes in between surf sessions.

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