COVID-19 Pandemic: Prudential gives out nearly S$3.5 million in cash benefits and donations

| 11 Sep 2020

As part of its COVID-19 relief measures, Prudential Singapore has given out about S$3.5 million in cash benefits and donations to more than 3,400 individuals and the community affected by the pandemic.

This is more than double the S$1.5 million committed under its PRUcare package launched on 19 February at the onset of the COVID-19 pandemic.

Of the S$3.5 million, more than half was paid to almost 500 customers and their immediate family members hospitalised for COVID-19, while over 40 per cent was given as a one-time payment to over 2,900 individuals placed under quarantine orders. The life insurer also pledged $210,000 to The Courage Fund and The Invictus Fund to support vulnerable individuals and groups affected by the coronavirus outbreak.

Prudential Singapore CEO Dennis Tan, said the prolonged COVID-19 outbreak has taken a toll on the Singapore economy, businesses and individuals on all fronts.

“The COVID-19 pandemic continues to create anxiety among Singaporeans. People are not only worried about their health, they are also concerned about their jobs and financial security. We are facing an unprecedented global crisis and to emerge stronger from this, we must come together and support one another in whatever ways that we can.

“Through Prudential’s PRUcare package, we hope to offer some financial relief and comfort to our customers and vulnerable groups in the community who have been financially and mentally impacted by COVID-19,” said Mr Tan.

Prudential continues to provide support to individuals, businesses and the community with COVID-19 measures ranging from deferment of premium payments for individuals and SMEs to virtual sessions to engage vulnerable seniors.

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