SINGAPORE (The Straits Times/ANN): Local insurers have paid out at least S$1 million to policyholders for Covid-19-related claims and benefits over the past three months.
Five insurance firms said claims in March and last month were not significantly higher than in previous years, although they added that it is hard to estimate the exact impact of the outbreak on operations.
AIA disbursed close to $100,000 in 54 separate claims as of last Monday, while Great Eastern received 85 applications for coronavirus-related medical claims. The Monetary Authority of Singapore last Tuesday said services such as insurance were affected by the slowdown in global economic activity in the first three months of the year and faced a bleak outlook in the coming months.
NTUC Income fielded more than 3,000 applications for its seven support schemes for policyholders as of April 17. Of these, 1,150 are for premium deferments on life and health insurance plans.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Covid-19 : Singapore confirms 657 new cases, tally exceeds 18,000-level | Malay MailSINGAPORE, May 3 — Singapore today confirmed an additional 657 positive cases of Covid-19, of which only 10 are Singaporeans or permanent residents. The Ministry of Health (MOH), in a statement, attributed the “vast majority” of the cases to foreign workers...
Read more »
Singapore to extend Covid-19 restrictions another week; some activities to resume from May 5SINGAPORE (The Straits Times/ANN): Singapore's tightened circuit breaker measures will remain in place for another week, with businesses like barbers, home-based bakers and laundry services allowed to resume operating on May 12. Some measures will also be adjusted next week.
Read more »
Singapore prepares to ease some Covid-19 restrictionsCity-state has among the highest number of virus infections in Asia. FMTNews Singapore Covid19
Read more »
Islanders celebrate as Singapore confirms 447 new Covid-19 cases, smallest rise in two weeksSINGAPORE: Singapore's health ministry on Saturday (May 2) confirmed 447 new coronavirus infections, the smallest daily rise in two weeks, taking the city-state's tally of cases to 17,548 with 16 virus-related deaths. Most of the new cases are among migrant workers living in dormitories, the ministry said.
Read more »
Covid-19: 50 pregnant women brought home from SingaporeSINGAPORE (Bernama): A total of 66 Malaysians, including 50 pregnant women, were safely transported back by bus from Singapore on Saturday (May 2) via the Johor Causeway during the implementations of the movement control order (MCO) and the Circuit Breaker measure in Singapore.
Read more »
Singapore reports 17th Covid-19 death | Malay MailSINGAPORE, May 3 — A 76-year-old Singaporean man has died from complications due to Covid-19, the Ministry of Health (MOH) said yesterday. The man, who was Case 1,323, died on Friday, making him the 17th person in Singapore to have died from complications due to the coronavirus. He was confirmed...
Read more »