DBS Bank (Hong Kong) has entered into a partnership with Chubb Insurance to provide its individual customers free COVID-19 insurance coverage.
The free COVID-19 Hospital Cash Plan insurance offering is part of the bank’s overall community relief and support efforts.
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Launched on 1 March, the insurance offering is a 30-day free cover. It provides daily cash benefits for hospital and ICU admittance in relation to COVID-19.
It also offers worldwide coverage for policyholders who need to travel during this period.
The insurance product is applicable to Hong Kong residents aged 18 years and above.
Customers can register for the free COVID-19 Hospital Cash Plan online from 1 to 21 March.
Moreover, if the customer enrols online for MyShield Hospital Income family plan, the free COVID-19 Hospital Cash Plan is automatically extended to immediate family members.
The immediate family members need to be six months and older and the family members do not have to be DBS customers.
Customers diagnosed with COVID-19 while being covered by the plan will receive HK$600 ($76) per day of hospitalisation up to 14 days.
They will also receive a lump sum of HK$6,000 ($769.72) upon admission to the ICU.
If customers wish to extend their coverage beyond 30 days, they can purchase additional coverage with MyShield Hospital Income family plan while enrolling COVID-19 Hospital Cash Plan.
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