Personal accident insurance offers financial benefits in the event of accidental death, permanent disability, or temporary disability resulting from an accident during your trip to Vietnam. While it may not be a commonly sought-after benefit among travelers, it provides crucial protection in unforeseen circumstances. We recommend reading our blog about Personal Accident Insurance for a comprehensive understanding.
Is Personal Accident Insurance Recommended for Vietnam?
The necessity of personal accident insurance hinges on the nature of your activities during your time in Vietnam.
Trip Activities
Engaging in adventurous pursuits such as motorbike riding or hiking elevates the risk of accidents, making personal accident insurance a prudent investment.
If you plan to participate in outdoor activities in Vietnam, personal accident insurance is a must. But if your trip entails attending meetings and visiting restaurants for business purposes, personal accident insurance may not be a priority.
In most cases, the coverage includes other benefits rather than offered as a standalone option. Despite the associated cost, the benefits of having comprehensive personal accident coverage outweigh the expense, providing a valuable safety net in case of unforeseen accidents while holidaying in Vietnam.
How Much Personal Accident Coverage Do you Need for Vietnam?
If you decide to obtain personal accident coverage, it’s essential to ensure it covers the following aspects in the event of a personal accident in Vietnam:
- Death Benefit – provides a payout to your beneficiaries in the unfortunate event of accidental death. Assess your financial circumstances and consider the level of support your loved ones may require.
- Permanent Disability Benefit – typically, this benefit offers a 100% payment of your coverage amount if you experience permanent disability due to an accident. The coverage amount should ideally encompass your living expenses and potential ongoing medical needs.
There is no set figure on how much personal coverage you need for Vietnam since each individual’s financial and family situation will vary. The most effective approach is to determine the appropriate coverage based on your specific circumstances while taking into consideration the aspects mentioned above.
Personal Accident Insurance in Vietnam: Examples
Question – While trekking in the mountains of Sa Pa, I twisted my ankle. As a result, I cannot walk properly. Can this injury be covered under my personal accident policy?
Answer – Unfortunately, this would not typically be covered under personal accident insurance. Generally, personal accident coverage is only for injuries resulting in permanent disability. It would be best to seek coverage under an Outpatient Department (OPD) medical expense coverage if you specific policy covers it.
Question – My friend suffered severe blindness after a fire performer’s sparks accidentally entered his eye while taking a picture of the performance on the island of Phu Quoc. The doctors have confirmed permanent blindness. Can he claim under his personal accident policy?
Answer – Yes, this will likely be covered if the insurance policy includes provisions for blindness resulting from an accident.
