Over 3,400 individuals have benefitted from Prudential Singapore’s $3.5 million cash benefits and donations made to people and the community at large. These disbursements were made under the insurance company’s Covid-19 relief measures, it announced on September 7.
Over half of these disbursements were paid to some 500 customers and their immediate family members – spouse, parents or children – who had been hospitalised for the coronavirus. 40% of the funds were given as a one-time payment to over 2,900 individuals placed on quarantine orders.
The remaining funds amounting to some $210,000 went towards The Courage Fund and The Invictus Fund which support vulnerable individuals and groups affected by the pandemic.
The move is in line with Prudential’s aim of tiding its customers and companies through the health-turned-economic crisis Singapore is facing.
“People are not only worried about their health, they are also concerned about their jobs and financial security. We are facing an unprecedented global crisis and to emerge stronger from this, we hope to offer some financial relief and comfort to our customers and vulnerable groups in the community,” said Dennis Tan, CEO of Prudential Singapore.
As at 12.09pm, shares of Prudential were flat at US$18.77 ($25.70).
