Does My Income Plan Cover Me For COVID-19?

By Income, 28 February 2020 20

Our plans offer your coverage against COVID-19.

Here's a summary of our plans. See how you are protected but do note that the summary is not exhaustive. Please refer to your policy contract for the precise terms, conditions and exclusions. Reach out to your Income advisor or contact us for assistance. 

Information presented is correct as of 21 October 2020.

 

Health Insurance Plans

Income Plan COVID-19 Coverage^
IncomeShield and IncomeShield Riders 

Examples:
Covers under hospitalisation benefits (where applicable for the plans/riders).

Note: 
  • Not covered for quarantine in hospital if it is not medically necessary. 
  • Daily Cash Rider (up to a maximum of 14 days) is payable if insured is transferred to a Community Care Facility (CCF) / Community Recovery Facility (CRF) in Singapore for medically necessary treatment, and provided the insured was first admitted to a hospital for COVID-19 before being transferred.


Integrated Shield Plan claims for COVID-19:
With effect from 7 Aug, Singaporeans, permanent residents and long-term pass holders who travel abroad under permitted travel arrangements with certain countries will be allowed to make claims against their Integrated Shield Plans for medical bills if they are admitted for suspected COVID-19 and have onset of symptoms within 14 days of returning to Singapore. Please note that should you fall outside of this category of claimants, we will not be able to process your IncomeShield claim.

ElderShield and Supplements.

Examples:
Covers under severe disability benefits (where applicable for the plans/riders).
Hospital Care Insurance
 
Covers daily cash payout for hospitalisation and ICU stay and reimbursements for Day surgery and Ambulance expenses. 

Note: 
  • Not covered for quarantine in hospital if it is not medically necessary.
  • Exclusion on pre-existing conditions will apply to COVID-19.
  • Daily hospital cash payout (up to a maximum of 14 days) is payable if insured is transferred to a Community Care Facility (CCF) / Community Recovery Facility (CRF) in Singapore for medically necessary treatment, and provided the insured was first admitted to a hospital for COVID-19 before being transferred.
  • A 30 days waiting period applies for sickness, including COVID-19.

Policy conditions here for reference. 

 

Life Insurance Plans

Income Plan COVID-19 Coverage^
Whole & term life insurance plans, savings plans and investment-linked plans 

Examples:
Covers death, terminal illness (TI) and total and permanent disability benefits (where applicable for the plans/riders). 

 

Dread Disease & Cancer-Related Insurance

Income Plan COVID-19 Coverage^
Advanced Assure Accelerator rider 

Available with Star Assure
 
Covers under Major Impact Benefit if required to stay in ICU for total 5 days or more in one hospital admission as a result of surgery or infection due to COVID-19.
Dread diseases and cancer related plans/riders.

Examples:
  • Cancer Protect
  • Silver Protect
  • Silver Secure
  • Early Assure Accelerator rider 
  • Essential Protect rider
  • Total Protect rider 
  • Dread Diseases cover (as in some investment-linked plans)
Not covered under dread diseases and cancer benefits.

However, there may be cover under dread diseases for complications of COVID-19 under end stage lung disease provided the diagnosis meets the definitions and criteria in the policy contract.

 

 

Personal Accident Insurance

Income Plan COVID-19 Coverage^
PA Assurance (with Infectious Disease Cover add-on)

i50 insurance
Covers the following due to COVID-19 only:
  • Accidental death whilst in Singapore
  • Daily hospital income ($100 per day for up to 30 days) for hospitalisation in Singapore

Note:
  • The above are complimentary short-term benefit extensions offered to current insureds.
  • The 14 days waiting period for infectious disease will be waived for COVID-19 until further notice.
  • Pre-existing condition exclusion for COVID-19 will still apply to COVID-19 contracted before 17 Feb 2020 or before the policyholder takes up a new PA Assurance policy with the infectious disease cover, whichever is later.
  • The insured person has to contract, be diagnosed with and hospitalised in Singapore due to COVID-19 for the benefits to be applicable. We will deem COVID-19 to have been contracted overseas if the insured person travelled overseas within 30 days of the date of diagnosis.
  • Daily hospital income for infectious disease cover payout (up to a maximum of 14 days) is payable if insured is transferred to a Community Care Facility (CCF) / Community Recovery Facility (CRF) in Singapore for medically necessary treatment, and provided the insured was first admitted to a hospital for COVID-19 before being transferred. 
  • The benefit extensions are valid until 31 Dec 2020.

More information on the COVID-19 benefit extensions can be found here. PA Assurance policy conditions here and i50 Insurance policy conditions here for reference.
 
Other Personal Accident plans

Examples:
Not covered under these plans.

 

Travel Insurance

Income Plan COVID-19 Coverage^
Travel Insurance COVID-19 is considered a known event from 9am on 4 March 2020. Thus, for all policies purchased after 9am on 4 Mar 2020 to anywhere in the world, there will be no coverage for any claims arising from COVID-19.

For detailed information on coverage and claims for policies purchased before 9am on 4 Mar 2020, refer to our FAQs.
Overseas Student Protection Plan There will be no coverage for any claims arising from COVID-19 for travel from 18 March 2020, including medical expenses, medical evacuation and repatriation. 

However, you will still continue to be covered for claims resulting from other causes, e.g. accidents or other illnesses (if optional benefits are taken up).

If the trip is cancelled prior to the start of your policy, you can choose to cancel your policies and request for a full premium refund.

Policy conditions here for reference. 
 

 

Domestic Helper Insurance

Income Plan COVID-19 Coverage^
Domestic Helper Insurance Covers under: 
  • Section 4 – Special grant due to death
  • Section 5 - Expenses if you have to stop employing your domestic helper (reimbursement of expenses incurred by employer)
  • Section 6 – Wages compensation (cash benefit of domestic helpers’ wages paid to employer for the period domestic helper is hospitalized and are not able to work)
  • Section 7 – Hospital and surgical expenses
  • Section 8 – Sending your domestic helper home

Note:
  • Exclusion on communicable diseases will be waived for COVID-19 until further notice.   

Policy conditions here for reference. 
 

 

^Please refer to your policy’s full policy terms and conditions for the full details of the plans, benefits and limits on the coverage. 


 
    

Important Notes:
This article is meant purely for informational purposes and should not be relied upon as financial advice. The precise terms, conditions and exclusions of any Income products mentioned are specified in their respective policy contracts. For customised advice to suit your specific needs, consult an Income insurance advisor.

This advertisement has not been reviewed by the Monetary Authority of Singapore. 

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