The General Insurance Association of Singapore has said that claims arising from travel insurance will be determined by several factors, including the cut-off date for coverage and the reason for travel disruption.
AXA said that its health insurance policies cover medical expenses such as hospitalisation and outpatient expenses for customers who need to seek treatment for the coronavirus infection. “Our focus is to ensure our policyholders are able to seek the medical treatment they require, if the unforeseen occurs, and that they do not have to worry about medical expenses unnecessarily,” the insurer said.
Tokio Marine said that its travel insurance policy TM Xplora will not cover any claims arising from the outbreak if the policyholder were to travel to a destination against the advice of the authorities, unless the trip began before the travel advisory was issued. It will not cover any cancellation claims arising from the outbreak for travel policy purchased and/or expenses incurred after 11 January, as the outbreak is deemed a “known event” since then.
PremiumsNone of the insurance firms has adjusted its premiums, pointing out that price adjustments were not pegged to a single factor.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Novel coronavirus: MTI orders retailer 3 Stars to explain mask prices following complaintsSINGAPORE — A local retailer has been issued a letter of demand over complaints that it was profiteering off of the novel coronavirus outbreak, the Ministry of Trade and Industry (MTI) said on Tuesday (Feb 11). Explanation - greedy proprietors looking to make easy bucks from the desperate Never heard of 3 stars. But Like every seller has hiked prices. How does Mti decide who to target?
Source: TODAYonline - 🏆 1. / 99 Read more »
Symptoms of novel coronavirus mild, similar to all respiratory viruses in early stage: ExpertSINGAPORE: Among 45 people who have been infected by the novel coronavirus here as of Monday (Feb 10), at least eight of them visited a doctor ... Oh i see , then i suggest those who had those cough , running nose thingy , do small quarantine yourself , stop running around ..... cos no one yet to know if nCoV Zzz .zlokl in klokzcZzl Zac
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Coronavirus: South Korea, Israel advise citizens to defer travel to SingaporeSINGAPORE: South Korea and Israel have told their citizens to defer travel to Singapore due to the novel coronavirus epidemic, while Indonesia and ... Fair enough although we can say its still ok to come , providing they do wash their hands regularly , but too troublesome , must well dont come LOL
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Singapore working with international body to develop vaccine for novel coronavirusSINGAPORE — Singapore is working “very closely” with an international body to deploy a vaccine against the novel coronavirus, said infectious diseases expert Wang Linfa on Monday (Feb 10).
Source: TODAYonline - 🏆 1. / 99 Read more »
Novel coronavirus: WHO still urges quarantine and other ‘containment measures’ despite rising doubtsGENEVA, Switzerland — The World Health Organisation urged countries on Monday (Feb 10) to continue quarantining suspected coronavirus cases and tracing their contacts – even as a growing number of human-to-human transmissions among patients with no history of travel to China has raised questions about the effectiveness of these measures.
Source: TODAYonline - 🏆 1. / 99 Read more »
Singapore working with international body to develop vaccine for novel coronavirusSINGAPORE: Singapore is working “very closely” with an international body to deploy a vaccine against the novel coronavirus, said infectious ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »