At least five big players involved; protection provided in personal accident or travel plans
Janice Tai reports that "There is now “Zika insurance” for those afflicted with the mosquito-borne virus.
At least five major insurance firms here have started offering coverage for Zika in their personal accident or travel plans. This comes within a month of confirmation that it had spread within Singapore.
Great Eastern, for instance, extended coverage for Zika to all its existing and new personal accident policyholders last Friday. They can claim up to $300 for medical costs and $30,000 if death is due to the virus.
A pregnant woman diagnosed with Zika is entitled to twice the amount of medical reimbursement, and if her baby is born with Zika-related microcephaly, or abnormally small head, Great Eastern will pay a lump sum of $3,000.
Sompo Insurance Singapore has included Zika coverage for its home and selected personal accident insurance products from Sept 7.
“With an increasing number of Zika cases reported locally and worldwide, and feedback from our intermediaries and policyholders, we see a need to cover our existing and new policyholders against this virus,” said Ms Koh Yen Yen, its chief distribution officer.
“NTUC Income was among the first to introduce such coverage back in April through the optional infectious disease cover under its Personal Accident Assurance policy.
“This could be extended to other products with infectious disease cover, said Ms Annie Chua, vice-president for personal lines at NTUC Income.
“Such coverage is similar to that for other infectious diseases such as dengue fever and hand, foot and mouth disease.
“Zika is also covered under some travel insurance plans, offered by Sompo and NTUC Income.
“The other insurers that provide Zika coverage are Prudential Singapore and AIA Singapore. So far, NTUC Income, Sompo and Prudential said they have not received any claims related to Zika.”
Source: The Straits Times