Insurers Cover Allergic Reactions from Covid-19 Vaccination
According to Asisone.com (Published JANUARY 18, 2021) a number of the Insurance companies in Singapore have expanded their coverage to include allergic reactions from taking the vaccine. These companies have recently unveiled additional coverage for their policyholders should they suffer from allergic reactions after taking a Covid-19 vaccine. Due to the unprecedented speed in which the vaccines were created by pharmaceutical companies across the globe, there hasn’t been enough time to document a full list of potential side effects. This move by insurance companies to expand their Covid-19 coverage will provide additional encouragement for people in Singapore to take the vaccination. On a macro level, this will help Singapore achieve herd immunity quicker and hasten its reopening.
Here are the organisations that have expanded their coverage to Covid-19 vaccines at this moment.
Aviva
Aviva’s conditions include the following:
1. Vaccine taken must be approved by the Health Sciences Authority (HSA)
2. You need to be medically eligible to take it
Great Eastern
1. Vaccine taken must be approved by the HSA
2. You need to be medically eligible to take it
Prudential
Prudential’s conditions include the following:
1. Vaccine must be approved by the HSA
2. Vaccine must be administered on the recommendation of a registered medical practitioner duly licensed by the Singapore Medical Council.
One Last Thing
Having suitable and sufficient life and income protection insurance are important as it create and provide you and/or family members, with financial support which was not there in the first place. Continue your insurance and financial planning knowledge by reading my other articles, for life insurance comparison on Term Life and Whole Life Insurance Comparison, and Income & Disability Protection Insurance Planning. If you are ready to know more about retirement planning knowledge you may visit my other articles on; What is CPF Life & 5 facts of CPF Life, Retirement Planning and Infographics on What is Retirement Planning and Examples. Hope all these articles helps you have better knowledge on you insurance and financial planning. Do contact your friendly financial consultant if you require further help, or contact me as my objective is to make insurance easy to understand and financial planning a happy process, in Singapore.
Source: https://www.asiaone.com/money/insurers-now-cover-allergic-reactions-covid-19-vaccination