SINGAPORE – Travelers arriving in Singapore can now purchase an insurance policy at prices similar to those of Covid-19 that they incurred during their stay here.
The minimum amount of policy was made on the basis of the recommendations of the Ministry of Health (MS), which reviewed the Covid-19 remedy bills in personal hospitals.
While AIG and HL Insurance have started promoting their insurance products, Chubb’s will be available from November 27.
Under existing rules, incoming foreign travellers entering Singapore via various safe routes must assume the general charge of medical remedy, testing and isolation, if they are suspected of being inflamed with Covid-19 or require a medical remedy for the virus in Singapore.
As such, the insurance plan will help them cover some of those costs, CAG and STB said.
Mr. Lee Seow Hiang, Executive Director of the CAG and co-director of the Alliance for Action to Allow Innovative and Safe Visitor Experiences as a member of the Strongest Emerging Working Group, said: “We have been actively engaging the insurance network since August of this year, through an expression of interest. expand insurance products on arrival, while Singapore will gradually reopen.
“We found that such products were not available on the market and seek to inspire insurers to expand and offer them to travelers at a moderate price. “
Mr. Ho Kai Weng, Managing Director of the Singapore General Insurance Association, said: “With the slow resumption and reopening of borders, the advent of strong insurance characteristics is essential to ensure the success and sustainable recovery of inboundArraySingapore.
Keith Tan, CEO of STB, added: “As we gradually reopen security, the Covid-19 insurance policy is key to restoring readers’ trust and peace of mind.
“We are very pleased that the public and personal sectors have combined to deliver solutions, and we look forward to additional collaborations that will lead Singapore to lead the way as a safe, reliable and cutting-edge destination. “
CAG and STB stated that premiums for those incoming insurance plans start at $ 5. 35, with GST, and can be purchased directly from insurers through their respective websites.
The two organizations added that new insurance products complement previous announcements through the Emerging Stronger working group that an exhibition and exhibition pilot will begin starting in November.
The pilot assignment comes with itineraries for occasion participants who come with recreational activities in accordance with existing ty control guidelines.
Last month (October 20), the Ministry of Health also announced that participants on certain mass occasions will have to pass an immediate antigen for Covid-19 and a negative before admission.
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