As a leading life insurer in Singapore, China Life Insurance (Singapore) Pte. Ltd (CLIS) believes in doing their part to serve the community against the incumbent worrying threat of Novel Coronavirus (“2019-nCoV”).
Thus, they will be providing financial support of up to $88,600 to the policy holders Singapore who are affected by the coronavirus outbreak in Singapore.
Information on China Life Insurance Singapore Financial Support as follows:
|For both new and existing policyholders:||Financial Support|
|1) Upon Diagnosis and Quarantine|
If the life insured is diagnosed with 2019-nCoV by a registered Medical Practitioner and placed under quarantine.
|A lump sum payment of $800|
|2) Upon Hospitalisation|
If the life insured is diagnosed with 2019-nCoV by a registered Medical Practitioner and is warded in a hospital.
|$130 per day, up to 60 days of inpatient hospitalisation|
|3) Upon Death|
In the unfortunate event that the life insured passes away due to 2019- nCoV
|A lump sum payment of $80,000|
CLIS has some interesting annuity plans that can be considered for retirement. Email me know if you need information on these plans.