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AcciShield
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Accidents occur when you least expect them and may change your life forever. With the ever increasing pace of our lives and rising uncertainity, an insurance product that offers financial protection against accidents has become the need of the day.
AcciShield protects you and your dependents against the financial strain that a personal accident can bring. Now, injuries won't hurt your family, financially!
Recovering from an accident is never easy but AcciShield can make the road to recovery less painful. This simple and affordable product provides financial relief if an accident results in hospitalization, permanent and total disability, dismemberment or death of an insured person.
You have the flexibility to choose between either individual or family coverage from 4 available plans that meet your individual insurance need.
Be prepared now for life's uncertainties with AcciShield!
Free Look period
There is a 'Free Look' period of 14 days commencing from coverage effective date within which you can cancel your policy and obtain full refund of your premium paid.
Policy Effective Date
Coverage in respect of the insured person starts from the day the insured person's HSBC PKR Account is debited or HSBC PKR credit card is charged for the premium under the policy.
Eligibility
- Any HSBC customer who is a Pakistani national between 18 and 65 years of age
- Spouse - Between 18 to 65 years of age on the date of purchase
- Children - Between 6 months to 18 years of age on the date of purchase. Coverage may be extended to 22 years of age if child continues to be single, student and economically dependent on parents
AcciShield offers the flexibility of choosing from 4 coverage levels for you and your family:
| Individual Plans: | ||||
| Covers | Plan 1 | Plan 2 | Plan 3 | Plan 4 |
| Medical Expense Reimbursement due to personal accident | 500,000 | 1,000,000 | 1,500,000 | 2,000,000 |
| Death, Permanent Total Disability and Dismemberment* due to personal accident | 2,500,000 | 5,000,000 | 7,500,000 | 10,000,000 |
| Death, Permanent Total Disability and Dismemberment* due to road traffic accident | 5,000,000 | 10,000,000 | 15,000,000 | 20,000,000 |
| Death, Permanent Total Disability and Dismemberment* due to common carrier accident | 7,500,000 | 15,000,000 | 22,500,000 | 30,000,000 |
| Annual Premium | 6,000 | 12,000 | 18,000 | 24,000 |
For individual plans, only HSBC Customer is insured.
Note: All coverage and premium amounts are in Pakistani Rupees.
*Dismemberment cover is paid as per the Dismemberment schedule listed in MetLife Alico's AcciShield Terms and Conditions leaflet.
| Family Plans: | |||
| Covers | Insured | Plan 1 | Plan 2 |
| Medical Expense Reimbursement due to personal accident | Customer | 500,000 | 1,000,000 |
| Spouse | 400,000 | 800,000 | |
| Children | 50,000 | 100,000 | |
| Death, Permanent Total Disability and Dismemberment* due to personal accident | Customer | 2,500,000 | 5,000,000 |
| Spouse | 2,000,000 | 4,000,000 | |
| Children | 250,000 | 500,000 | |
| Death, Permanent Total Disability and Dismemberment* due to road traffic accident | Customer | 5,000,000 | 10,000,000 |
| Spouse | 4,000,000 | 8,000,000 | |
| Children | 500,000 | 1,000,000 | |
| Death, Permanent Total Disability and Dismemberment* due to common carrier accident | Customer | 7,500,000 | 15,000,000 |
| Spouse | 6,000,000 | 12,000,000 | |
| Children | 750,000 | 1,500,000 | |
| Annual Premium | 9,000 | 18,000 | |
For Family Plans, HSBC Customer, Spouse & Children are insured.
Note: All coverage and premium amounts are in Pakistani Rupees.
*Dismemberment cover is paid as per the Dismemberment schedule listed in MetLife Alico's AcciShield Terms and Conditions leaflet.
| Family Plans: | |||
| Covers | Insured | Plan 3 | Plan 4 |
| Medical Expense Reimbursement due to personal accident | Customer | 1,500,000 | 2,000,000 |
| Spouse | 1,200,000 | 1,600,000 | |
| Children | 150,000 | 200,000 | |
| Death, Permanent Total Disability and Dismemberment* due to personal accident | Customer | 7,500,000 | 10,000,000 |
| Spouse | 6,000,000 | 8,000,000 | |
| Children | 750,000 | 1,000,000 | |
| Death, Permanent Total Disability and Dismemberment* due to road traffic accident | Customer | 15,000,000 | 20,000,000 |
| Spouse | 12,000,000 | 16,000,000 | |
| Children | 1,500,000 | 2,000,000 | |
| Death, Permanent Total Disability and Dismemberment* due to common carrier accident | Customer | 22,500,000 | 30,000,000 |
| Spouse | 18,000,000 | 24,000,000 | |
| Children | 2,250,000 | 3,000,000 | |
| Annual Premium | 27,000 | 36,000 | |
For Family Plans, HSBC Customer, Spouse & Children are insured
Note: All coverage and premium amounts are in Pakistani Rupees.
*Dismemberment cover is paid as per the Dismemberment schedule listed in MetLife Alico's AcciShield Terms and Conditions leaflet.
Frequently Asked Questions
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What is AcciShield?A Personal Accident insurance product exclusively available to HSBC Pakistan customers and their families. It offers 4 covers and 4 coverage levels for either individual or family coverage.
Any HSBC Pakistan customer who is a Pakistani national between 18 and 65 years of age.
AcciShield is an insurance product underwritten, issued and subject to terms and conditions as set by MetLife Alico (American Life Insurance Company (Pakistan) Limited).
The HSBC customer, his or her spouse, and all children who are single, student and economically dependent on parents.
• Spouse - Between 18 and 65 years of age on the date of purchase
• Children - Between 6 months to 18 years of age on the date of purchase. Coverage may be extended to 22 years of age if the child continues to be single, student and economically dependent on parents
Pakistani Rupees (PKR) only.
Annual.
Direct debit from your HSBC PKR bank account or charge to your HSBC credit card.
This policy is valid for 1 year and will be renewed automatically by debiting the annual premium from your HSBC Bank account or charging your HSBC credit card.
Your coverage will be effective from the date your first premium payment is debited from your HSBC bank account or charged to your HSBC credit card.
The cover amount will be paid to the beneficiar(ies) of the policy. In the event the beneficiary is your spouse, then the cover amount will be paid to your legal heirs.
Yes, the policy provides both local and global coverage. However, claims will be decided in Pakistan as per the Policy terms and conditions.
You have the flexibility of choosing either individual or family coverage from 4 coverage levels/plans.
No, this product has been designed exclusively for HSBC customers and can only be purchased through HSBC at the stated price for the respective coverage level.
Yes, you have a free-look period of 14 days commencing from coverage effective date within which you can cancel your policy and obtain a full refund of your premiums paid. You can also cancel the policy after the free-look period, but you will not receive any refund of premiums paid.
For claims, please contact MetLife Alico Pakistan Claims manager at (021) 111-111-711 from anywhere in Pakistan or send an email to claims@alicopak.com
MetLife Alico Pakistan will settle all claims within 15 business days of completion of required documentation.
This policy does not provide coverage for death, disability or injuries due to:
• Any sickness or pre-existing conditions
• War or war-like operations
• Active participation in riots, strikes, civil commotion or terrorist acts
• Suicide or self-inflicted injuries
• Flying as a non-fare paying passenger
• Professional sport or race which implies use of any vehicles
• Service in armed forces
• HIV & AIDS
Please refer to MetLife Alico’s AcciShield Terms & Conditions for more details.
Disclosure / Disclaimer
AcciShield is an insurance product underwritten, issued and subject to terms and conditions set by MetLife Alico (American Life Insurance Company (Pakistan) Limited). It is not a bank product that pays interest or an investment that accumulates a cash value or other obligation of, or guarantee by HSBC and/or any member of HSBC Group (HSBC Holdings Plc, its subsidiaries or any of their branches).
HSBC will not be responsible in any manner if your application or claim for AcciShield is rejected by MetLife Alico Pakistan. Premium payments made by the policy holder will be paid to MetLife Alico Pakistan and used to pay for insurance coverage and no amount will be returned to the ploicy holder at the end of the term.
Purchase of Accishield is optional but requires having an HSBC Pakistan PKR Bank account or HSBC Pakistan credit card.
