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Accident & Other Protections
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We understand the after-effects of an accidental injury, whether these are growing medical expenses or the pressure of returning to work before you have recovered.
That is why we designed PAC Select 2, an accident insurance add-on plan that offers protection against the consequences of hospitalisation and medical costs following an accidental injury, disability and death. It is a flexible plan that provides you with a financial lifeline during unforeseen critical moments.
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When an accident happens, you do not want to be worrying about mounting bills, household expenses and mortgage payments. If any of the injuries listed in the Benefits Schedule for Accidental Death & Dismemberment Benefit in product brochure occurs within 180 days after an accident involving the person protected under the add-on plan, PAC Select 2 will pay a lump sum Accidental Death & Dismemberment Benefit according to the benefits schedule in product brochure to help manage expenses.
If an accident leaves the person protected under the add-on plan who is at the age of 18 or above totally and permanently disabled within 180 days from the date of an accident, and the person protected under add-on plan remains totally and permanently disabled for 12 consecutive months, PAC Select 2 will pay a Permanent Total Disability Benefit, giving much-needed financial support.
When such diagnosed disability has continued for 12 months consecutively, the person protected under the add-on plan will receive a monthly payment equal to 1% of the sum assured beginning from the 13th month, up to 100 months.
Regardless of the number of accidents and covered losses, provided that the benefit paid under the Accidental Death & Dismemberment Benefit and / or Permanent Total Disability Benefit has not reached 100% of the sum assured, the benefit can still be claimed. After reimbursements of Accidental Death & Dismemberment Benefit and / or Permanent Total Disability Benefit, the sum assured and premium will be reduced respectively.
Accidents can happen anywhere, at any time. In the unfortunate event of death, dismemberment or permanent total disability due to an accident related to any of the following, the sum assured will be doubled under the Double Indemnity Benefit where the person protected under the add-on plan was:
If the worst should happen and the person protected under the add-on plan passes away, PAC Select 2 will pay the beneficiary a lump-sum amount of 1% of the sum assured as a Compassionate Death Benefit. The payable sum of Compassionate Death Benefit is capped at HK$/MOP10,000 or US$1,300 per life for all such policies held with the Company.
To give you additional protection, the Renewal Benefit will automatically increase the cover for the Accidental Death & Dismemberment Benefit / Permanent Total Disability Benefit by 5% of the sum assured each year during the first 5 policy years capped at maximum 25%, without the need to pay additional premiums. Regardless of the number of policies carried with the Company, the total payable sum of Renewal Benefit is capped at HK$/MOP200,000 or US$25,000.
If the person protected under the add-on plan is a permanent resident of Hong Kong, Macau, or the People's Republic of China, we offer emergency assistance services to the person protected under the add-on plan anywhere in the world, including:
If the person protected under the add-on plan is injured in an accident, we will reimburse the reasonable and customary medical expenses incurred within 52 weeks after the accident, up to the maximum limit per accident for the person protected under the add-on plan. A range of necessary medicines, treatments and services are covered.
If the person protected under the add-on plan who is at the age of 18 or above is hospitalised due to an illness or accidental injury, a Daily Hospital Income Benefit will be payable for each day of hospitalisation, up to a maximum of 90 days for same confinement which is caused by each covered injury or covered illness.
PAC Select 2 allows you to purchase exactly the cover you want. At the time of application, an adult must be between the age of 18 and 70 (for Daily Hospital Income Benefit, the age of the person protected under the add-on at policy issue is between the age of 18 and 60), and a minor between 15 days and the age of 17. The benefit term of this plan for Accidental Death & Dismemberment Benefit / Accidental Medical Expenses Reimbursement Benefit is up to the age of 76, and that for Daily Hospital Income Benefit is up to the age of 65, or until the basic plan matures, is surrendered or terminated, whichever is earlier.
The premium payable will be calculated according to the benefits and sum assured. You have to apply for the basic benefits (which include the Accidental Death & Dismemberment Benefit) as a precedent to apply for the optional benefits (which include the Accidental Medical Expenses Reimbursement Benefit and Daily Hospital Income Benefit). The Company reserves the right to revise the premium from time to time.
This add-on plan can attach to any specific basic plan in order to provide a wide range of cover. In addition, the currency of this add-on plan should correspond with the attached basic plan, which may be in US dollars, HK dollars or Macau pataca (if the policy is issued in Macau).
Premium
This is the fee you pay us for your policy.
This plan is an add-on plan. You need to pay the premium(s) for the plan with basic benefits and / or Accidental Medical Expenses Reimbursement Benefit until the end of cover period immediately following your 75th birthday or for the plan with Daily Hospital Income Benefit until the end of cover period immediately following your 64th birthday.
If you choose Accidental Medical Expenses Reimbursement Benefit, we reserve the right to terminate this optional benefit at any time by giving a 30-day prior written notice to you. Upon termination, our liability is limited to the refund of unearned portion of premium.
We issue the policy and decide your premium based on the occupation class of the person protected under the add-on plan. You must immediately notify us of any change of occupation; we will recalculate your premium and / or purchasable amount of benefit based on the occupation class of such new occupation.
Under basic benefits, we will not cover conditions that result from any of the following events (also applicable for Accidental Medical Expenses Reimbursement Benefit and Daily Hospital Income Benefit):
Accidental Medical Expenses Reimbursement Benefit, in addition to the above key exclusions of basic benefits, will not cover the following:
Daily Hospital Income Benefit, in addition to the above key exclusions of basic benefits, will not cover the following:
The above list is for reference only. Please refer to the policy contract of this plan for the complete list and details of exclusions.
These benefits are only applicable for the loss resulted from a covered injury within 180 days after an accident. The loss must be listed in the Benefits Schedule for Accidental Death & Dismemberment Benefit in product brochure or defined as a permanent total disability.
In the event that a series of losses shall arise out of the same accident, benefit shall only be paid for one of the losses, for which the amount of benefit payable shall be the greatest amount of benefit as shown in the Benefits Schedule for Accidental Death & Dismemberment Benefit in product brochure.
The Permanent Total Disability Benefit is not available to any person protected under the add-on plan at the age of 17 or below.
This benefit is only applicable for the reasonable and customary charges for actual medical expenses incurred within 52 weeks from the date of an accident.
The covered areas are as follows: Hong Kong, Macau, Malaysia, Thailand, Taiwan, Japan, South Korea, Singapore, United States of America, Australia, New Zealand, Canada, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg, Monaco, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom and Vatican City.
We only cover the charges and / or expenses of the person protected under the add-on plan on medically necessary and reasonable and customary basis.
“Medically necessary” means that the medical services, diagnosis and / or treatments are:In order to provide you with continuous protection, we will review the premium of your plan from time to time and adjust it at the end of policy year if necessary. During the review, we may consider factors including but not limited to the following: