Singapore Announces COVID 19 insurance to travellers visiting the country

Foreign visitors to  Singapore would now be able to purchase COVID-19 insurance cover up to the tune of 30,000 Singapore dollars during their stay in the country.

The important announcement was made on behalf of the Emerging Stronger Taskforce Alliance for Action on Enabling Safe and Innovative Visitor Experiences.

A joint statement made by the Changi Airport Group (CAG) and the Singapore Tourism Board (STB) says that three insurance companies viz AIG Asia Pacific Insurance, Chubb Insurance Singapore Limited, and HL Assurance,  have come out with travel insurance products which would cover coronavirus related expenses incurred by the travellers and tourists during their stay in Singapore.

The statement identifies Inbound insurance coverage as a key enabler to facilitate the resumption of travel to Singapore.

Together the three insurance companies have developed products that provide at least S$30,000 in coverage for medical treatment and hospitalization costs related to COVID-19.

Insurance premiums start from as low as S$ 5.35 inclusive of Goods and Services Tax (GST) and available plan limits range from S$30,000 to S$250,000.