Insurance claims from COVID-19

Yes, it is boring and a bummer to be hospitalised for getting the coronavirus infection and being quarantined. Worse still, I’ve dragged three other family members (and potentially a taxi driver) down with me on the quarantine order. Thankfully, they have shown no symptoms throughout the 14 days (my family members, at least) and I can assume that I have not infected them. Knowing that they’d have to go through the horrible nose swabs, even if symptoms are mild, makes me uneasy.

Today, I started looking up the claims I could receive from my insurances as a result of being hospitalised due to COVID-19. As it turns out, many insurance companies out there are providing relief for policy holders and their family members affected!

So far, I think Prudential has the best offer:

  • $200 per day for the hospitalisation (in a local hospital) of each policy holder and immediate family members, up to 3 months
  • $500 one-time payout for each policy holder or family members who has received an official quarantine order from Ministry of Health (MOH)

Great Eastern offers:

  • $200 per day for the hospitalisation (in a local hospital) of each policy holder and immediate family members, up to 60 days
  • $20,000 death benefit for each policy holder and immediate family member

NTUC has terms and conditions for different policies here.

I am sure many other insurance policies have some benefits for policy holders affected by COVID-19 so I would encourage everyone to look up their entitlements!

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