Is Personal Accident Insurance the same as Work Injury Compensation Insurance?

At a quick glance, both policies deal with accidental coverage. A Personal Accident (PA) Insurance is designed to provide financial protection and financial burden relief to you (the insured) against the risk of accidental death or bodily injury happening to you.

A Work Injury Compensation Insurance (compulsory corporate insurance in Singapore) covers eligible employees against

  • injuries by accidents arising out of and in the course of employment
  • injuries while on an overseas assignment
  • contracted an Occupational Disease
  • contracted a disease from exposure to biological or chemical agents at work

In other words, Personal Accident Insurance deals with accidental risks at any place and time (note that duration of cover outside Singapore is limited) while Work Injury Compensation Insurance deals with accidental risks in the course of work.