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According to the Global Status Report on Road Safety 2018 by the World Health Organization (WHO), 1.35 million people lose their lives each year as a result of traffic accidents. Between 20 and 50 million more people suffer life-changing injuries. The report also concludes that, worldwide, traffic collisions are the leading cause of death for people between the ages 5 and 29 years, with the overwhelming majority being pedestrians, cyclists and motorcyclists living in developing countries like Cambodia.
These statistics provide a global backdrop to a continuing domestic problem in Cambodia, where road accidents were the leading cause of death in 2017. A total of 1,900 people lost their lives that year, roughly 5 people per day, with most victims aged between 15 and 25 years, according to statistics from Cambodia’s General Department of Land Transport.
The Cambodian government has repeatedly stated its concern over the high number of deaths and life-changing injuries caused by traffic collisions on the country’s roads and even launched the “Wearing a Helmet” campaign last month to combat widespread flouting of the law that requires motorcycle drivers to wear head protection. The campaign resulted in 20,000 motorcyclists being stopped by the country’s traffic police in just a 13-day period, underlining the scale of the issue that Cambodia is currently facing.
In an interview with the Khmer Times newspaper in June this year, Colonel They Visal, chief of the Cambodian Traffic Police Office, reported how the rate of traffic accidents up to May this year had risen by 20% from the same period last year — up to 1,829. The number of people that died as a result of those accidents was 868, an 8-percent increase from the five-month period in the previous year. Colonel Visal added that a total of 1,761 people died on the country’s roads in 2018 and accidents are currently costing the government a staggering $300 million per year.
The number of serious injuries caused by traffic accidents also rose 20% in the same period, from 1,308 to 1,787. Life-changing injuries not only burden families with expensive healthcare costs — that can potentially run into the tens of thousands of dollars — but often leave victims unable to work and provide for their families financially. In the most unfortunate cases, victims are left with lifelong disabilities.
As Cambodia enters a critical time in its development, thanks to rapid economic growth and increased income, the future is expected to see more vehicles on the road and, if current trends hold, a continuing risk from accidental death and injury from traffic collisions. To give further insight to the problem, the rate of new vehicle registrations is rising rapidly year-on-year, from 176,389 in 2017 to 241,671 in 2018, a 37% increase, according to data from the Public Works and Transport Ministry.
With traffic accidents costing the government $300 million per year and causing thousands of people to lose their lives or incur life-altering injuries — as well as the disproportionate number of younger people being affected—it has never been more important for people to take out the necessary precautions should the worst befall them or a member of their family in an accident.
As an absorbent for the financial impact from accidents, AIA Cambodia is now offering a brand-new life insurance solution called Additional Accident Benefits. As part of this insurance solution, Cambodian people can access an affordable premium that offers wide-ranging protection against non-accidental and accidental death, dismemberment and burns. Additional Accident Benefits also provides a hospital allowance to cover medical expenses should an accident occur as well as overseas emergency assistance to ensure holders can get the best international treatment should they require immediate care.
As a comprehensive solution, Additional Accident Benefits also offers protection against a wide range of potential accidents, including as a result of fire, construction failure, drowning or natural disaster, plus others.
AIA Cambodia CEO Pauline Teoh said: “We are proud to be launching this new life insurance solution that affords Cambodian people the opportunity to access comprehensive protection against life-threatening accidents. At AIA Cambodia, we are passionate about helping our customers live healthier, longer, better lives, so we hope that Additional Accident Benefits will offer full peace of mind and relief for the financial burden of the family with the knowledge that, in the unlikely event of an accident, both they and their family will have the best protection available.”
If you would like to find out more about how Additional Accident Benefits could offer you and your family protection from unfortunate accidents, you can find more details on aia.com.kh, contact an AIA Life Planner or AIA Client Care service on 086 999 242 for a more in-depth chat.