All You Should Know About Policies From Sompo Insurance Singapore
Sompo Insurance Singapore has been offering insurance services since 1989. The company offers the most affordable policies to Singaporeans with a wide range of plans for both commercial clients and individuals. Some of the personal insurance policies you can enjoy with Sompo Insurance Singapore include private car, travel, PAStar, PA junior, MaidEase, and HomeBliss. Commercial plans include work injury compensation, fidelity guarantee, group personal accident cover, public liability, and marine cargo insurance.
Sompo Travel insurance
Sompo Insurance Singapore offers three travel insurance plans. For travelers looking for good travel insurance, Sompo travel insurance can be an ideal option. The deluxe plan is ideal for short trips across the ASEAN region, while the Elite plan can offer coverage in almost all categories. Unfortunately, the vital pan doesn’t have an annual policy, and despite the deluxe and vital plan’s affordability, they do have lackluster benefits. The company offers Travel insurance covering common travel benefits such as overseas medical expenses, personal accidents, personal belongings loss, and travel delay. If diagnosed with COVID-19, you get protection against trip cancelation expenses, overseas medical fees, and other basic coverage. The TravelJoy plan covers flight delays, trip disruption, medical evacuation, personal accidents up to $500,000, medical expenses up to $1,000, and sports cover. Sompo also offers overseas travel accident plus, which offers various benefits covering accidents overseas.
Sompo Personal Accident (PA) Star insurance
The plan covers accidents and 17 infectious diseases, ensuring you are protected against the unforeseen. It is among the three pre-packaged insurances plans offered by Sompo Insurance Singapore with different limits meeting your budget and needs. Most importantly, the PA Star Insurance plan offers flexibility to increase coverage through top-up units. The plan covers accident medical expenses and infectious diseases such as ZIKA Virus, Dengue Fever, and HFMD. Equally, there is a baby and marriage bonus allowance of S$100 and a weekly income benefit of S$650. In addition, the insurance plan offers full terrorism cover and staycation cancellation or covered event because of hospitalization.
This is personal accident insurance for children, which offers comprehensive cover for children from one month old. There is a lump sum amount given in case of permanent disability or accidental death. Equally, the medical expenses as a result of accidental injuries will be covered by the plan. In addition, there is bonus coverage for child care and school fees subsidiary for up to $500 per accident and school competition and sports. The insurance plan covers 17 infectious illnesses, including Dengue Fever, ZIKA, and HFMD. Premiums start from as low as $85.6 up to $288.9.
Private car insurance
Sompo private car insurance protects you and your passengers, allowing you to drive at ease. Some of the features of the plan include a free NCD protector for those enjoying more than 30% No Claim Discount, and there is a 5% OFD (Offence Free Discount) given automatically for those with NCD of 40% and more. In addition, the insurance plan offers unlimited windscreen covers and 24/7 emergency mobile accident responses service, and $100 daily for loss of use benefits for up to ten days. Notably, there are credit card installments for chosen Bank, and you get to enjoy a loyalty discount once you renew. Furthermore, damages due to riots, strikes, floods, civic commotion, and windstorms are free.
Sompo HomeBliss Insurance
Sompo Insurance Singapore’s HomeBliss cover is home insurance for landlords, homeowners, or tenants that offers cover for all your needs with several add-ons. The main draw for this cover is its coverage of pet dogs. Therefore for those who want to enjoy the benefits of protecting their pet, the plan has a built-in $500 appealing dog cover. In addition, the plan offers protection as a result of smoke from cooking, costs of tracing and evaluating water seepage, reimbursement for home cleaning expenses after an infectious disease outbreak, personal family liability extending to cover owner’s liability, and mobility enhancement. In addition, you get around d$500 for home modification if you suffer total or permanent disability, $500 in the event of an accident or death to your dog. However, there is a $100 claim excess for each claim, and there is an exclusion if the home is unoccupied for two months.
MaidEase is an insurance plan that Sompo offers to cover your domestic helper against unexpected events. Benefits of the maid insurance include surgical and medical expenses in private and public hospitals in Singapore and overseas, global personal accidents in which around S$70,000 is paid in case of permanent disablement or accidental death. You also get a counter indemnity waiver limiting your ability to S$250, provided there is no cause for the S$5,000 security bond breach. Repatriation expenses are equally covered for all expenses incurred, like sending the domestic helper to her home in case of sickness, bodily injury o9r any disease. Unforeseen negligence that can lead to bodily harm is also covered, and it offers legal liability coverage for third-party compensation.
Work injury compensation insurance
You can protect your workers from an unexpected accident, which will protect your business. The law requires employees to be compensated for work-related injuries, death, and occupational disease that result from them working. Sompo’s work injury como0ensation insurance will indemnify against claims from injured employees. Things covered include estimated annual earnings, including overtime pay, wages, allowances, commissions, and bonuses, excluding Central Provident Fund contributions.
Group personable accident
Employee wellbeing should be a top priority for employers, and this is where Sompo Singapore’s personal accident insurance can be helpful. The plan provides 24/7 protection for your employees anywhere across the globe against permanent disablement or death, including expenses incurred in case of an accident. Benefits of the plan include repatriation expenses of around $2,000, reservist training accidental injury, accidental miscarriage, food poisoning, motorcycle injury, animal/insect bites, drowning, poisonous fumes, and suffocation through the smoke. In addition, you get covered for treatment expenses by licensed chiropractors and physicians for up to S$1,000. You can enroll employees from 16 years to 70 years under payroll and enjoy renewal for up to 75 years provided there is no cover lapsation after 60 years.