Insurer Great Eastern is launching a plan offering complimentary post-vaccination protection available to all Singapore residents.
Under its GREAT Covid Care Plan, recipients will be provided a cash payout of $200 per day of hospitalisation up to a total of $2,000, in the event they are hospitalised due to Covid-19 after their first vaccination dose.
The plan provides worldwide coverage so that hospitalisation in Singapore as well as overseas is covered.
The free coverage applies to any Singapore resident - including Singaporeans, Permanent Residents, and those with a valid employment pass or Dependant’s pass - who has completed his/her first dose of a Covid-19 vaccine approved for use by the Health Sciences Authority or supplied under the Special Access Route (SAR). Coverage also includes children who have been vaccinated. Parents may register on behalf of their children who are under 18.
Registration on Great Eastern’s website is required to activate the free coverage, and all eligible recipients will receive their GREAT Covid Care insurance certificate via email once their sign-up is confirmed.
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The plan provides coverage for 12 months from the date of registration or when the individual receives his/her first dose of Covid-19 vaccine, whichever is later. The sign-up period ends on September 30 and applicants must also complete their first vaccination dose by December 31 to qualify for the coverage.
“We are glad we have been able to help our customers and the community through each phase of the pandemic. With the steady progress of the vaccination programme in Singapore, the country is well positioned for recovery in this new phase. Many in Singapore have done their part to be vaccinated and as we adapt to an environment where Covid-19 is likely to remain endemic for at least a period of time, we want to continue to do our part to protect our community in Singapore and even when they travel overseas,” says Great Eastern Group CEO Khor Hock Seng.
The GREAT Covid Care Plan complements the coverage provided by the $1 million GREAT Vaccine Fund launched in January.
As at 9.44am, shares in Great Eastern are up 4 cents or 0.18% higher at $22.32.
Photo: Bloomberg
