SGroar · Insurance · Comparison
Personal Accident Insurance
Four plans, one verdict.
FWD, MSIG, Allianz and GREAT — compared on premium, coverage and what they actually deliver. Updated September 2026.
Annual premium — what you actually pay
Annual premiums for a healthy adult in their 30s. Verify current rates with each insurer before purchasing.
Plan overview
- Accidental death
- $200k
- Total & perm. disability
- $200k
- TCM / Physio
- $5k
- Overseas hosp.
- $10k
- Hospital cash
- 100/day · 60 days
- Accidental death
- $100k
- Total & perm. disability
- $100k
- TCM / Physio
- $5k
- Overseas hosp.
- $5k
- Hospital cash
- 100/day · 60 days
- Accidental death
- $150k
- Total & perm. disability
- $150k
- TCM / Physio
- $10k
- Overseas hosp.
- $15k
- Hospital cash
- 100/day · 60 days
- Accidental death
- $200k
- Total & perm. disability
- $200k
- TCM / Physio
- $10k
- Overseas hosp.
- $10k
- Hospital cash
- 100/day · 60 days
Accidental death coverage at a glance
Plan scores (out of 5)
| Plan | Value for money | Medical benefits | Brand / trust |
|---|---|---|---|
| FWD | | | |
| MSIG | | | |
| Allianz | | | |
| GREAT | | | |
Pros & cons
FWD Personal Accident
- Lowest annual premium for $200k cover
- Solid digital claims experience
- Covers 24/7 worldwide accidents
- Limited rider options
- Lower TCM cap ($5k vs $10k)
- Fewer optional riders
MSIG ProtectionPlus Silver
- Lowest headline premium
- Established insurer with broad network
- Half the accidental death cover of FWD at a similar price
- Lower overseas hospitalisation cap ($5k vs $10k)
- No lifetime renewal guarantee
Allianz Accident Protect Plus Silver
- Highest TCM/physio cap ($10k)
- Strong overseas hospitalisation cover ($15k)
- Good for frequent TCM users
- Mid-tier death coverage ($150k)
- Higher premium than FWD
- Fewer optional riders than GREAT
GREAT Protector Active Basic
- $200k death cover + $10k TCM cap
- Trusted Singapore brand
- Easy to bundle with existing GE policies
- Most expensive at $281.90/year
- Same cover as FWD at 46% higher price
- No feature justifies the premium over FWD
Full comparison
| Feature | FWD | MSIG | Allianz | GREAT |
|---|---|---|---|---|
| Annual premium | $193.68 | ~$190 | $233 | $281.90 |
| Accidental death | $200,000 | $100,000 | $150,000 | $200,000 |
| Total & perm. disability | $200,000 | $100,000 | $150,000 | $200,000 |
| TCM / Physiotherapy | $5,000 | $5,000 | $10,000 | $10,000 |
| Overseas hospitalisation | $10,000 | $5,000 | $15,000 | $10,000 |
| Hospital cash | $100/day | $100/day | $100/day | $100/day |
| Worldwide cover 24/7 | ✓ | ✓ | ✓ | ✓ |
The verdict
$200k death cover at $193.68/year. No frills, no surprises. The rational default for most adults.
$10k TCM cap and $15k overseas hospitalisation cover justify the $40 premium over FWD if you regularly use TCM or physio.
$281.90 for the same $200k cover FWD provides at $193.68. The brand premium is real; the coverage advantage over FWD basic is not.
Premium data sourced from insurer websites in September 2026. Verify current rates directly with FWD, MSIG, Allianz and Great Eastern before purchasing. This page is general information and does not constitute financial advice. Consider your individual circumstances and consult a licensed financial adviser for personalised recommendations.