Prudential extends support to individuals who may be hospitalised for side effects arising from COVID-19 vaccinations
- Complimentary PRUSafe COVIDCover for side effects post-COVID-19 vaccination comprising:
- S$100 daily hospitalisation cash allowance for up to 14 days for 100,000 Singapore residents[1]
- Extension of hospitalisation coverage to include side effects post-COVID-19 vaccination for PRUShield customers and Prudential’s corporate and SME customers
Singapore, 25 January 2021 – Prudential Singapore (“Prudential”) is providing support to individuals who may be hospitalised for side effects resulting from COVID-19 vaccinations with its complimentary PRUSafe COVIDCover and extension of coverage for its medical plans.
PRUSafe COVIDCover on Pulse by Prudential: 26 January to 31 July 2021
Launching on 26 January 2021, PRUSafe COVIDCover will be made available to 100,000 Singapore residents including non-Prudential customers. The plan provides a cash allowance of S$100 per day of hospitalisation[2] for up to 14 days, should an individual be hospitalised within 7 days of receiving each COVID-19 vaccination dosage[3].
PRUSafe COVIDCover is available on Prudential’s digital health and wellness app, Pulse by Prudential (“Pulse”), from 26 January 2021 to 31 July 2021. The plan is effective from 26 January 2021 or date of registration, whichever is later, and ends on 31 January 2022.
As a leading insurer focused on helping people get the most out of life, Prudential has helped millions of customers in Asia by protecting their health and growing their wealth so they can achieve their life goals.
PRUSafe COVIDCover is an extension of the life insurer’s PRUcare package[4] , which aims to support individuals and small and medium-sized enterprises (SMEs) affected by the COVID-19 pandemic.
Prudential Singapore’s CEO Dennis Tan said it is important that the company responds swiftly to the needs of its customers and Singapore residents as the nation progresses with its COVID-19 vaccination strategy.
“As COVID-19 vaccinations become available to Singapore residents, we want to provide support for our customers and the wider community. With more people vaccinated and protected against COVID-19, we look forward to community and economic activities in Singapore returning to normal,” said Mr Tan.
To sign up for PRUSafe COVIDCover, individuals must be aged 18 and above. Users do not need to pay any subscription fee when they download the Pulse by Prudential app via the Apple App Store or Android Play Store. They can then visit PRUShoppe, the app’s e-store, to register.
Pulse was launched in April last year as part of the life insurer’s region-wide strategy to make healthcare more affordable and accessible. The artificial intelligence (AI)-powered mobile app currently provides Singapore residents with round-the-clock access to healthcare services and real-time health information.
For more information on PRUSafe COVIDCover, please refer to the Notes below or visit prudential.com.sg/PRUSafeCOVIDCover.
Prudential’s PRUShield, Corporate and SME Customers: Hospitalisation coverage extended to include side effects of COVID-19 vaccinations
From 13 January 2021, new and existing customers of Prudential’s Integrated Shield Plan (IP), PRUShield, are automatically covered should they be hospitalised for side effects resulting from the COVID-19 vaccinations, with no change in premiums. The same applies to employees of Prudential’s corporate and SME customers under Group Hospital & Surgical plans.
In addition, they will also be entitled to the benefits of PRUSafe COVIDCover if they are the first 100,000 to sign up via Pulse.
Complimentary medical insurance for new work pass employees diagnosed with COVID-19 within 14 days of their arrival in Singapore
From 1 January 2021, Prudential's new and existing corporate and SME customers with Group Health & Surgical plans will receive complimentary medical insurance of up to S$15,000 for their new work pass employees[5] should they be diagnosed with COVID-19 within 14 days of their arrival in Singapore. There will be no change to premiums.
Notes:
- Day of hospitalisation means a period of 24 hours of hospitalisation. The first day of hospitalisation starts at the time of admission to the hospital and each subsequent day of hospitalisation starts 24 hours after the end of the previous day of hospitalisation. The day of discharge is considered as a day of hospitalisation if the time of discharge of the life assured from the hospital is more than 12 hours from the later of
- the time of admission to the hospital; or
- the end of the previous day of hospitalisation.
- The COVID-19 vaccination needs to be authorised by the Singapore Health Sciences Authority and administered on the recommendation of a Registered Medical Practitioner. The side effects of COVID-19 vaccinations must also be diagnosed in Singapore by a Registered Medical Practitioner and the life assured has to be hospitalised in Singapore on the recommendation of a Registered Medical Practitioner. A Registered Medical Practitioner is any person properly qualified with a degree in western medicine to practise medicine and is licensed by the Singapore Medical Council to practise medicine within the scope of his licensing and training. This cannot be you, the life assured or a family member of either.
[1] Singapore residents include Singaporeans, Permanent Residents, and Foreigners, with valid passes, and aged 18 and above.
[2] Day of hospitalisation means a period of 24 hours of hospitalisation. For more information, please refer to prudential.com.sg/PRUSafeCOVIDCover.
[3] The COVID-19 vaccination needs to be authorised by the Singapore Health Sciences Authority and administered on the recommendation of a Registered Medical Practitioner. For more information, please refer to prudential.com.sg/PRUSafeCOVIDCover.
[4] PRUcare package was launched on 19 February 2020.
[5] Insured Member is a holder of a valid Work Permit, Training Work Permit, S Pass, or a holder of In-Principal Approval (IPA) of Work Permit, Training Work Permit or S Pass entering Singapore on or after 1 January 2021; Insured Member is below the age of sixty (60) as of the date the Insured Member arrives in Singapore (the “Cover Start Date”). For more information or if you have any queries, please contact SGP.ES.NewBusiness@prudential.com.sg.
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About Prudential Assurance Company Singapore (Pte) Ltd (Prudential Singapore)
Prudential Assurance Company Singapore (Pte) Ltd is one of the top life insurance companies in Singapore, serving the financial and protection needs of the country’s citizens for 89 years. The company has an AA- Financial Strength Rating from leading credit rating agency Standard & Poor’s, with S$43.1 billion funds under management as at 31 December 2019. It delivers a suite of well-rounded product offerings in Protection, Savings and Investment through multiple distribution channels including a network of more than 5,000 financial consultants.