AIA Singapore said that all existing 1.4 million eligible customers, its employees and tied representatives will automatically benefit from this free additional coverage as part of the insurer's efforts to protect individuals against the ongoing threat posed by the Coronavirus Disease 2019 (COVID-19).
New customers whose policies are issued between 17 February – 31 July 2020 will also automatically benefit from the COVID-19 coverage.
The coverage is as follows:
|
Benefits type
|
Coverage amount
|
|
Hospitalisation Income Benefit
- If hospitalisation is required due to COVID-19
|
S$1,000 (Lump-sum payment) |
|
Death Benefit
- If death results from the COVID-19
|
S$25,000 |
Mr Patrick Teow, Chief Executive Officer, AIA Singapore, said: “This coverage is one of our ways of upholding our brand promise, helping and supporting our stakeholders in times of need. They can also be assured that we have a dedicated team who would provide their utmost attention in the event that they are diagnosed with COVID-19.”
The additional COVID-19 coverage will benefit its stakeholders until 31 December 2020; or 30 days after the Disease Outbreak Response System Condition (DORSCON) level has officially stepped down to green - whichever is earlier.
In the event of any claims relating to COVID-19, AIA will provide dedicated and expedited support. Please contact its AIA Customer Care team or email at SG.ClaimsQN@aia.com.
Life insured or policyowners who are Singapore residents and have an existing in-force individual life or accident and health insurance policy with AIA Singapore issued on or before 31 July 2020, and the policy is in-force at the point of claim are eligible.
Find out what other insurance companies and the industry in Asia are doing as a whole in response to the Coronavirus in this comprehensive list here.
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