In A Bid To Promote Tourism, Singapore Rolls Out COVID-19 Insurance Coverage For Travellers
Three insurance companies have developed travel insurance products which provide at least 30,000 Singapore dollars in coverage for COVID-19 related medical treatment and hospitalisation costs.
Foreign visitors will now be able to buy inbound travel insurance coverage for COVID-19-related costs incurred in Singapore.
In a joint statement, the Changi Airport Group (CAG) and the Singapore Tourism Board (STB) said that three insurance companies have developed the travel insurance products and it would cover coronavirus related cost incurred by the travellers during their stay in the country, The Straits Times reported, citing the government statement.
The companies have developed travel insurance products which provide at least 30,000 Singapore dollars (Rs 16,57,818) in coverage for COVID-19 related medical treatment and hospitalisation costs.
With immediate effect, they will be able to purchase a travel insurance plan to help them cover some of these costs.
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The minimum coverage sum was decided based on recommendations by the Ministry of Health (MOH), which considered bills for COVID-19 treatment at private hospitals.
The three companies providing insurance coverage are AIG Asia Pacific Insurance, Chubb Insurance Singapore Limited and HL Assurance. While AIG and HL Assurance have started selling their insurance products, Chubb's will be available from November 27, the report said.
Reuters
¡°The general insurance sector recognises our role as a core enabler of the safe resumption of travel tourism and have been working collaboratively with the government agencies and industry partners over the past months to help Singapore lead the way as a safe, trusted and innovative destination,¡± said GIA CEO Ho Kai Weng.
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Reuters
¡°With the gradual resumption of leisure travel and the opening of borders, having robust travel insurance options in place is integral to ensuring a successful and sustainable revival of inbound travel to Singapore,¡± he said.
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With the six cases reported on Wednesday, Singapore had 58,135 coronavirus infections till Wednesday. With four cases discharged from hospitals and community facilities on Tuesday, 58,033 people with coronavirus have fully recovered from the infection and have been discharged from hospitals or community care facilities, said MOH.
All Inputs PTI
