The Business Times

FWD Singapore offers complimentary insurance to cover Covid-19 vaccine complications

Published Thu, Apr 1, 2021 · 11:13 AM

FWD Singapore announced on Thursday the launch of a complimentary insurance benefit to cover complications arising from Covid-19 vaccination.

The insurance benefit provides a one-time lump sum payout of S$5,000 for FWD's life insurance customers, as well as for those who sign up for an FWD life policy between April 1 and June 30.

Eligible customers can make a claim in the event of hospitalisation if they have been in either the intensive care unit or high dependency ward for at least 12 hours due to complications or side effects from the vaccination.

Adrian Vincent, general manager of FWD Singapore's life business, said: "We hope this free vaccination coverage can give our customers peace of mind as they take this brave and important step towards protecting themselves and their loved ones."

Other similar initiatives have been rolled out. Last Thursday, DBS launched its Covid-19 vaccine protect initiative in partnership with Chubb Insurance to offer DBS/POSB customers free insurance coverage for complications arising from vaccination. In February, Chubb also partnered ride-hailing firm Grab to provide drivers and food delivery service providers with free insurance benefits against Covid-19.

Since the beginning of this year, insurers such as Prudential, Aviva and Great Eastern have been covering customers for side effects arising from the vaccination, while OCBC's Singapore staff will have their consultation fees reimbursed should they develop side effects as a result of the vaccine.

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