Due to the recent coronavirus, many companies from the Banking & Insurance sectors are coming up with incentives and support packages to provide more assistance and aid to tie over this slow economic period.
A Summary of the various companies and benefits are shown below:
Apart from the listed companies, other companies such as Great Eastern, Prudential and DBS have also launched their various support packages.
Launched a S$1 million customer care fund to help any policyholders and their immediate families who are hospitalised due to COVID-19.
Benefits of the Customer Care Fund are:
For more information, please visit Greateasternlife.com
Commits $1.5 million to help SMEs and Individuals affected by COVID-19.
Financial Assistance for the individuals:
Customers and their immediate family members who are served with Quarantine Orders (QO) a one-time $500 cash benefit.
Individual customers and their immediate family members who are hospitalised for COVID-19 will receive a $200 daily hospitalisation allowance, for up to three months of hospitalisation.
*These benefits are applicalbe to COVID-19 cases that emerge during the period of 23 Janurary to 30 June 2020.
*For more information, please visit Prudential.com.sg
Complimentary Insurance Coverage benefits:
Covers all DBS/POSB customers and their immediate family members (each person can only be covered under 1 policy)
S$100 per day for hospital stays due to COVID-19 (up to 14 days)
S$1,000 lump sum payout in the event of ICU stay due to COVID-19
For more information, please visit dbs.com.sg