Well it depends on your lifestyle, if you exercise often you might have a higher likelihood of injuries.
That's what I mean. You've got to be rather confident that you're going to have valid claims that exceed the premium.
The policy also has other benefits like additional allowance for MRI/CT so it is not like it only covers 2 TCM sessions. Not to mention the cover for accidental death or disablement, and it doesn't have to be a total disability.
OK, so let's take the latter first. The latter is "junk insurance." And I'll explain it this way. Suppose the police calls your surviving spouse with this bad news....
Police: "Are you Madame Tai?"
Spouse: "Yes, I am. Who is this?"
Police: "I'm Officer Soo calling from the police station. Unfortunately Aaron Tai arrived at Singapore General Hospital in critical condition and has passed away. I'm terribly sorry this happened. May we send a police car to pick you up to bring you to SGH?"
Spouse: "Oh, that's terrible! But may I ask...how'd my husband die?"
Police: "We believe he fell out of a window that failed in his office building."
Spouse: "Woo hoo! We're getting an insurance payout!"
In other words, it absolutely doesn't matter HOW someone dies in terms of insurance needs. ANY cause of death results in the same financial issues (if there are financial issues) for dependents. And that's why you should never pay even one penny for "accidental death" insurance. It's a joke policy, the sort of policy that credit card companies provide free of charge when you charge an air ticket. It costs almost nothing, and superficially it seems nice. But it's a complete joke. It provides zero value in terms of defending against the risks you actually want to defend against (loss of a breadwinner with dependents and his/her future income).
Don't fall for the "soap opera" stories when it comes to insurance. Insofar as possible insure against big losses that you cannot possibly handle on your own, no matter what the dramatic story. If Aaron Tai died of a brain aneurysm instead of falling out an office window would his children be any less needy? Of course not!
With respect to MRIs and CTs, how much do they cost? And what insurance and/or compulsory medical savings do you already have that covers them? And what additional coverage does this $325/year policy provide that would help you defend against the remaining financial risk? Would this coverage help you cope with a financial risk that you cannot reasonably handle on your own? If this policy doesn't pass these threshold questions then you probably shouldn't buy it.
