Carlos Vazquez, Chief Executive Officer, HSBC Life Singapore said, “Helping our customers fulfil their promise to protect themselves and their loved ones is key to our business.”
“In view of the current circumstances, our customers and their family members will receive additional benefits on diagnosis, hospitalisation and death related to the Novel Coronavirus. This benefit is offered, at no additional cost, to our new and existing customers.”
Similar Novel Coronavirus-related benefits were rolled out to HSBC Life Hong Kong and HSBC Life China life insurance customers. In addition, HSBC Life China also donated RMB1 million in support of efforts relating to the issue.
Existing HSBC Life customers as well as their immediate family members will be entitled to the complimentary special benefits starting from 7 February 2020, with cover guaranteed for a year. Similarly, new customers who purchase life insurance policies from 07 February to 30 April 2020 will also enjoy the same benefits for a year, starting from the date of issuance.
|Benefit||Benefit Description||Benefit Coverage|
|Hospital Cash Benefit||If the Eligible Customer or Family Member is admitted to a hospital in Singapore by a Registered Medical Practitioner, a daily hospital cash benefit will be paid upon the diagnosis of Novel Coronavirus.||Benefit amount SGD200 per day (up to 45 days)|
|Diagnosis Benefit||If the Eligible Customer or Family Member is diagnosed with Novel Coronavirus in Singapore by a Registered Medical Practitioner, we will provide a lump sum payment.||Benefit amount SGD1,000|
|Death Benefit||In the unfortunate event of the Eligible Customer or Family Member passing away due to Novel Coronavirus in Singapore, we will provide a lump sum payment.||Benefit amount SGD10,000|
Terms and conditions apply.
Note to Editor: