AIA Singapore has created free Covid-19 coverage for customers, with no additional purchase or action needed from them.
"We will be providing free additional insurance cover to all eligible customers with immediate effect1. It’s our way of standing by our promise of helping you and your loved ones live healthier, longer and better lives, especially when it’s most needed," the company said online.
Eligible customers2 will automatically benefit from the free additional insurance cover. Coverage ends on 31 December 2020 or 30 days after the Disease Outbreak Response System Condition (DORSCON) level has officially stepped down to green, whichever is earlier.
Should death occur as a direct result of COVID-19, a lump sum of S$25,000 will be paid out3.
Upon diagnosis of COVID-19 and admission to hospital, a lump sum benefit shall be paid of S$1,000.3
Details :
Read the terms and conditions and the policy contract
1 For policies issued between 17 February 2020 to 31 July 2020, the Free Additional Insurance Cover for COVID-19 will commence on 17 February 2020 or on the policy inception date (whichever is later).
2 Eligible customers shall refer to the policyowner or life insured who is a Singapore resident* with a valid NRIC/FIN. They must also have an in-force Life Insurance or Accident & Health Insurance policy that has been issued on or before 31 July 2020. AIA advises policy holders to read the policy contract for the full terms and conditions.
3 This benefit will only be paid out once per insured and may be subject to a waiting period of 14 days before the benefits will be paid out. AIA advises policy holders to read the policy contract for the full terms and conditions.
