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FWD Covid-19 Insurance: Only $ 28, up to $ 100,000 payout HEALTH INSURANCE

This article was written in collaboration with FWD. Although we compensate them financially, we still strive to maintain our editorial integrity and to review products with the same objective lens. We strive to provide the best recommendations and advice so that you can confidently make personal financial decisions. You can view our editorial guidelines here.


It was disturbing, this strange dystopian Covid 19 world.

Shops are closed, everyone is wearing a face mask, certain groceries are out of stock, and many of us work from home. Our usual social gatherings are over; Instead, we communicate through technology and avoid seeing family members who stay in different households.

The Covid-19 pandemic has been going on since the end of last year, and although the cases in the local community are gradually waning, it will be many months before life as we know it becomes “normal” again.

I was in the same vicinity as a confirmed case in mid-March. I had to go through all the time to worry about my health, torture myself about the ones I had recently met, confine myself to my room, and testify to how much work Singapore put into a quarantine case (me ).

Fortunately, there are special Covid 19 insurance plans – it’s always good to be on the safe side than worrying later, especially if the premium is really affordable.

Can’t I just get free Covid-19 insurance?

First, let’s take a look at FWD’s Covid-19 insurance and some of the free Covid-19 insurance plans have to offer out there:

Companies Who gets it Death grant? Flat-rate payment? Cash for hospital stays?
FWD ($ 28) Anyone can register Yes, and double the benefits for critical front liners Yes Yes, if admitted to the intensive care unit
AIA (free) Eligible AEO policyholders Yes Yes, when in the hospital No
NTUC (free) Policyholders of NTUC Income’s PA or corporate insurance plans Yes No Yes
Great Eastern (free) Great Eastern Life or accident and health policyholders (insurance coverage for family members) Yes No Yes
Manulife (free) Existing Manulife policyholders Yes Yes Yes, only for 5 days or longer
Prudential (free) Existing prudential policyholders (insurance coverage for family members) No Yes, if quarantined Yes, when in the hospital

At first glance, the benefits of free plans are pretty good considering that these Covid 19 insurance policies are free. However, this Free Covid 19 insurance policies largely benefit existing customers and policyholders, and do not cover all bases (Except for Manulife, where there is a requirement for hospitalization).

On the plus side, we get free State support also:

Testing on Covid-19 Covered with conditions: the doctor must assess you and consider this necessary.
Hospital bills Covered with conditions: For public hospitals; Only for citizens of Singapore, residents of Singapore and long-term passport holders who Not Leave Singapore on March 27, 2020.
Allowance for quarantine orders $ 100 / day for Self-employed Citizens of Singapore or permanent residents. This applies to those who are exhibited Statements of absence and residence (SHN) too.
Stay in the SHN facility Covered with conditions; Returnees who left Singapore on March 27, 2020 are not insured.
Other aid measures (2020 budgets) $ 300 / $ 600 solidarity payment, Covid-19 support grant, additional GST vouchers and more. Read our articles on Budget 2020 Here.

However, gaps may still need to be closed. Is the death grant sufficient, especially if you are a critical front worker? What about your family?

Is there also enough support for hospital stays and after hospital stays? Covid-19 patients are isolated from the rest of the world, including their loved ones, and while the government bills the hospital bills, they suffer a significant loss of income while ill / not fully recovering. In some cases, both working parents are hospitalized and cannot look after their children.

According to the World Health OrganizationIn patients with mild symptoms, recovery takes approximately 2 weeks. People with more severe symptoms who need oxygen therapy may take 2-8 weeks to fully recover. Around 1 in 20 people need intensive care, during which they have to be sedated and ventilated. It may take over a year to restore full strength to these people.

FWD Covid-19 Insurance: Pay only $ 28 for 100 days of insurance coverage

Did you know that if you are already insured with free Covid 19 insurance, you can still buy an independent Covid 19 policy for? additionally Cover?

Not all free plans adequately cover all the basics, namely the length of insurance, the daily hospitalization / allowance in the intensive care unit, the lump sum for expenses after hospitalization and the amount of the death benefit.

Let’s take a look at a paid Covid 19 insurance like this new one $ 28 politics from FWD:

Companies Who gets it Coverage period Death grant Flat-rate payment? Cash for hospital stays?
FWD Anyone can register 100 days Yes, $ 50,000 death benefit ($ 100,000 critical frontliner death benefit *) Yes, $ 800 cash after hospitalization Yes, $ 100 daily cash on admission to the intensive care unit (up to 14 days)

It’s a fairly robust plan that covers the following:

  • Daily Cash: Receive $ 100 a day for up to 14 days in intensive care to help you and your family during this difficult time.
  • Cash benefit after hospitalization: Upon discharge from the hospital, you will receive a cash benefit of S $ 800 to support unexpected expenses such as other outpatient treatment that may not be covered by the government.
  • Death grant: $ 50,000 coverage for death from Covid-19;
  • Doubling the death benefit for critical frontliners: A total of S $ 100,000 in death benefits for death from Covid-19 if you are a critical frontliner *; and
  • Affordable one-time premium of $ 28 for 100 days of coverage

* Critical front liner = employee in the areas of health and social services, food services, transport services and storage.

The application process is also simple and straightforward. All you have to do is submit your application form and the relevant documents online within 30 days.

$ 28 for 100 days of additional Covid-19 insurance coverage is up to $ 0.28 a day – a good deal for extra security.

This has been crucial since Singapore left his breaker after June 1, 2020. It is all the more important to get comprehensive coverage for COVID-19 if we gradually resume our routine / work.

Learn more and sign up for the FWD Covid-19 insurance now.

Disclaimer: The insurance plans are carried out by FWD Singapore Pte Ltd. drawn. This policy is protected by the policyholder protection system managed by the Singapore Deposit Insurance Corporation (SDIC). Insurance coverage for your policy is automatic and no further action is required from you. Contact your insurer or the GIA / LIA or SDIC websites for more information on the types of benefits covered by the system and, if applicable, the coverage limits.www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg). This ad has not been verified by the Monetary Authority of Singapore. Information is for informational purposes only and should not be used as financial advice.

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