Coronavirus Vaccine Insurance Is Here And It’s Free!

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Coronavirus Vaccine Insurance Is Here And Its
Free!
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• The availability of the COVID-19 vaccine has
  brought a lot of relief from the impact of the
  pandemic. Prime Minister Lee Hsien Loong in his
  address has assured the nation that Singapore is
  doing well in in the areas of contact tracing and
  testing. He also encouraged everyone to come
  forward and get their COVID-19 vaccine jab when
  their turn is due.
• In this article, we will give you an overview of
  the coronavirus vaccine insurance a
  microinsurance plan that has been specially
  launched keeping in mind the current pandemic and
  ongoing vaccination drive.

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• What is coronavirus vaccine insurance?
• Coronavirus vaccine insurance gives insurance
  coverage against hospitalisation due to the onset
  of any side effects from either of the doses of
  the COVID-19 vaccine. Currently, there have been
  reports of side effects such as fever, headache,
  and fatigue from the vaccine. While most people
  have experienced just mild side effects, there
  have been others who experienced severe ones such
  as anaphylaxis.
• The coronavirus vaccine insurance offers a daily
  payout if you are hospitalised due to side
  effects of the COVID-19 vaccine. This payout is
  generally around S100. You can expect the payout
  to be given for around two weeks.
• Perhaps, the best thing about the coronavirus
  vaccine insurance is that it is absolutely free
  of cost. Since this plan is the need of the hour,
  insurers in Singapore are offering it at
  absolutely no charge. Now, that is all the more
  reason to go ahead and sign up for yourself

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• What you need to know
• Here are a few points about coverage to keep in
  mind -
• The coverage usually does not have a death
  benefit
• You can easily purchase your plan from your
  insurance providers health app
• No medical underwriting is needed to buy the
  coronavirus vaccine insurance plan
• The coverage is complimentary (no premium

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• Who can apply for coronavirus vaccine insurance?
• The coronavirus vaccine insurance plan can be
  purchased by Singaporean citizens, Permanent
  Residents (PRs), and even foreigners who have
  valid passes in the country.
• Are there any terms of coverage to be kept in
  mind?
• Yes, it is important to note that payout will not
  be made if -
• Hospitalisation results from anything else apart
  from side effects of the COVID-19 vaccine
• Diagnosis does not happen in Singapore
• Dose of the vaccine gets administered to the
  patient before the commencement of the
  coronavirus insurance policy
• The COVID-19 vaccine was not one authorised by
  the Singapore Health Sciences Authority or under
  the Special Access Route
• The vaccine dose was not administered on the
  recommendation of a registered medical
  practitioner
• Do check with your insurer for a full list of the
  exclusions to coverage. This way, you will avoid
  any misunderstandings when filing a claim.
• We hope that this has been a good read for you
  today. Do talk to your healthcare provider for
  further information on getting the vaccine and
  how to take care of yourself immediately after
  the dose.
• Take care and stay safe.

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THANK YOU