China Life Insurance Singapore Financial Support due to Novel Coronavirus

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.

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