Free Covid19 Insurance - DBS , AIA , Great Easter, NTUC income, HSBC Life



Free COVID 19 Insurance coverage




If you are looking to insure yourself in the event of COVID19 infection, the good news is that some organisation will be offering them FREE for their existing customers.

Here is a guide to on how to get insured for COVID19



DBS - Chubb Insurance
Who is it for
Existing Customers of DBS in Singapore

Cost 
Complimentary

Coverage Period
30 Days Free Cover

Cover
Daily Cash Benefit for hospital confinement related to COVID19
$100 per day of hospitalisation

Lump-Sum Payout for ICU confinement related to COVID19
$1000 upon admission to ICY

Who can apply
DBS/POSB Singapore Residents age 18 and above can apply as the main policyholder. Can include immediate family members as an additional insured person.

Min 1-month-old, no age limit

Family members need not be DBS / POSB customers

Date Launch
24 Feb 2020

How to apply
Sign up online via DBS/POSB from 24 Feb to 15 March. Customers can also apply at any DBS/POSB branch island-wide

Conditions
30 Day free cover commences on the date of application and will expire automatically. Should customers wish to extend coverage beyond 30 days, they can choose to purchase additional coverage with the Recovery Hospital Cash policy. The policy provides daily cash payouts for hospitalisation stays due to COVID-19 and other sicknesses (including dengue fever) for policyholders.

AIA
Who is it for
  • Life insured or policy owners 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 31st July 2020, and the policy is in force at the point of claim.
  • Employees and tied representatives of AIA

Cost 
Complimentary

Coverage Period
Until 31 Dec or 30 days after DORSCON Level officially stepped down to Green - whichever is earlier

Cover
Lump-Sum Cash Benefit for hospitalisation due to COVID19
$1000

Death Benefit
$25,000 due to COVID19

Refer to AIA for details

Who can apply
Automatic Inclusion for the following groups

  • Life insured or policy owners 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 31st July 2020, and the policy is in force at the point of claim.
  • Employees and tied representatives of AIA

Date Launch
17 Feb 2020


GREAT EASTERN
Who is it for
Policy Holders of various Insurance

Cost 
Part of Existing insurance

Coverage Period and Cover
Depending on the type of policy that existing customers have

For the full listing, refer here

Who can apply
Automatic Inclusion for existing policy holders


NTUC
Who is it for
Insured persons under Income PA Assurance with Infection Disease cover and Personal Accident infectious Disease policies

Cost 
Included in the policy stated above

Coverage Period
31st August

Cover
$100 per day of hospitalisation due to COVID19  for up to 30 days
$10,000 one time payment due to death from COVID19
Refer to NTUC website for details

Who can apply
Automatic Inclusion for existing policyholders with the stated plans

HSBC LIFE
Who is it for
Life Insured of HSBC LIFE Insurance Policy and family members
Family members refer to the legal spouse, children (biological or adopted under 18 years of Age)

Cost 
Complimentary

Coverage Period
Fe 7 to 30 April

Cover
$1000 Lump Sum Upon Diagnosed with COVID19
$200 per day of hospitalisation due to COVID19  for up to 45 Days
$10,000 one time payment due to death from COVID19

Refer to HSBC LIFE for details

Date Launch
Feb 7 2020

Who can apply
Automatic Inclusion for existing policyholders with the stated plans




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