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.
My IFA@Sg 