Does My Insurance Plan Cover Me For 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 2 December 2020.
Will my health insurance cover me for COVID-19?
Income Plan | COVID-19 Coverage^ | ||
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IncomeShield and IncomeShield Riders Examples:
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Covers under hospitalisation benefits (where applicable for the plans/riders). Note:
To support Singapore’s COVID-19 vaccination programme, our IncomeShield plans will cover hospitalisation due to COVID-19 vaccination, if it becomes necessary. The COVID-19 vaccination needs to be approved by the Health Sciences Authority (HSA) and administered in Singapore. |
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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:
Post COVID-19 Vaccination coverage We understand that the COVID-19 pandemic has brought along many uncertainties, our Hospital Care plan is here to provide you with additional peace of mind and cover you in the event of hospitalisation due to the COVID-19 vaccination^. The plan will also pay out the daily cash benefit of up to $200 per day, or up to $600 per day for hospitalisation in an Intensive Care Unit (ICU). ^Your COVID-19 vaccination will need to be administered in Singapore and approved by the Health Sciences Authority (HSA). Policy conditions here for reference. |
Will my life insurance cover me for COVID-19?
Income Plan | COVID-19 Coverage^ | ||
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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). |
Will my critical illness insurance cover me for COVID-19?
Income Plan | COVID-19 Coverage^ | ||
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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:
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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. |
Will my personal accident insurance cover me for COVID-19?
Income Plan | COVID-19 Coverage^ | ||
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PA Assurance (with Infectious Disease Cover add-on) i50 insurance PA Secure |
Covers the following due to COVID-19 only:
Note:
More information on the COVID-19 benefit extensions can be found here. PA Assurance policy conditions here, i50 Insurance policy conditions here and PA Secure policy conditions here for reference. |
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Other Personal Accident plans Examples:
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Not covered under these plans. |
Will my travel insurance cover me for COVID-19?
Income Plan | COVID-19 Coverage^ | ||
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Travel Insurance | Per-Trip Policies: For policies purchased from 26 Nov 2020, COVID-19 Coverage is now included for the first 90 days of your trip. Kindly note that this COVID-19 Coverage is not applicable to travels to COVID-19 high risk countries. More information can be found here. Yearly Policies: Yearly policies do not include COVID-19 Coverage. To get a quote to add on COVID-19 Coverage for a particular trip under your yearly policy, please call 6788 1222, write to us or contact your Income advisor and provide us with your policy number and trip details. Please note that COVID-19 high risk countries are excluded from COVID-19 Coverage. More info here. |
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Overseas Study Protection Plan | From 17 June 2021, all Overseas Study Protection Plan (OSPP) policies taken up with the Overseas Medical Expenses rider will include COVID-19 medical cover. More information of what is covered can be found under the COVID-19 Medical Cover topic in the FAQ here. If you have purchased the OSPP before 17 June 2021 and did not opt-in for the COVID-19 Coverage, there will be no coverage for any claims arising from COVID-19. To find out how to include COVID-19 Coverage for your existing OSPP policy, please contact our customer care team at 6788 1111 or email us at telesales@income.com.sg. |
^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.