Leading insurer Great Eastern today said that it is providing a holistic support package to help its customers should they be affected by COVID-19.
On a national level, it is also contributing S$200,000 to provide financial assistance to those in Singapore affected by COVID-19 through the Courage Fund, facilitated by the National Council of Social Service (NCSS) and Community Chest.
The Courage Fund aims to support vulnerable individuals and groups such as patients, healthcare workers and members of the community affected by serious infectious diseases.
The company has also put aside S$1 million to support its customers in Singapore. Effective 14 February 2020 until end-2020, Great Eastern customers and/or their immediate family members (spouse and children aged 18 and under) who are hospitalised due to COVID-19, will receive a cash benefit of S$200 per day of hospitalisation up to a maximum of 60 days.
In the unfortunate event that death occurs, an S$20,000 lump sum will be paid out.
The company’s COVID-19 support package supplements the insurance coverage it offers customers through their existing policies. More information on Great Eastern policies and coverage can be found here.
For its travel insurance customers, the company is also offering a full premium refund for those who have purchased policies from 6 February to 30 June 2020 should they decide to cancel their plans.
Customers affected by COVID-19 may contact Great Eastern’s Customer Service for more assistance.