Is the Personnal Accident Insurance (known as PA) covered irrespective ages, especially old age of 60 onward?

Question

For life insurance, insurance company reject the acceptance on
senior citizens of 60 onward. What about PA , is there any restriction?

Answer 1

Based on Malaysia scenario, you are right.

PA insurance covered irrespective of age. The maximum entry age is 60 or 65 depending on the insurance company's practise. Most of the insurance companies use age 60 as the maximum age of entry.

PA insurance premium rate is based on occupational classes.There are three classes of occupation:

Class 1: Occupations involving managerial, administrative, clerical work, solely in office or non-manual work

Class 2: Occupations involving work of supervision, not involve use of tools or machinery (non-manual work), outdoor sales, only occasionally expose to hazardous situation like site engineer

Class 3: Occupations involving manual work, use of tools or machinery.

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Any restriction in PA insurance acceptance?

The answer is Yes or No.

You have to declare to the insurance company a few things before the insurance company tells you whether there is any restriction or not.

For example: whether you have any physical defects or suffer from infirmity, whether you sustain any injury or receive medical treatment (due to accident or Sickness).

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My answer pertaining to life insurance application:

Most of the life insurance companies in Malaysia accept applicant up to age 70.

Because of poor health conditions of applicant age 60 and above( for example, high blood pressure, high colestrol, diabetes) the acceptance rate is low.

Answer 2

Life insurance normally covered the person till death or 85 years old for some companies if you have an existing policy. Unlike personal Accident Insurance, normally only covered till 60 - 65 years old.

Answer 3

nicely Im the right age to attraction to close more effective and nevertheless too youthful to care in reality it truly is about how a lot we've in problem-free. I somewhat have considered one or 2 20 somethings which will be worth of my time and the oldest would probable be 50. generally- 30-40 5