The Life Insurance Association, Singapore (LIA Singapore) today announced that all seven Integrated Shield Plan (IP) insurers are extending coverage to COVID-19 vaccination complications that result in hospitalisation.
This will apply to all IP policyholders who receive COVID-19 vaccines approved by the Health Sciences Authority (HSA) and are vaccinated in Singapore. This special IP coverage will be provided till 31 December 2021. Extensions to the duration of coverage will be considered in the later part of the year after monitoring the evolving situation.
This effort is in support of the nation’s measures to protect the community and enable Singapore’s return to normalcy.
Mr Khor Hock Seng, President, LIA Singapore, said, “The life insurance industry is in full support of the government’s efforts to encourage as many Singaporeans as possible to take the COVID-19 vaccine. This proactive commitment from our members will give Singaporeans peace of mind that any adverse effects from the vaccine resulting in hospitalisation will be covered.”
List of IP insurers in Singapore:
4) Great Eastern Life
5) NTUC Income
7) Raffles Health Insurance
IP policyholders with further questions are encouraged to contact their insurance representative or IP insurer.
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