Leading insurer Great Eastern yesterday announced that its S$1m ($756,000) GREAT Vaccine Fund launched on 15 January for its customers is now expanded to cover the customers’ immediate family members, employees and financial representatives and their respective immediate family members.
The Fund provides a daily hospital cash benefit of S$300 per day up to a maximum of seven days, if one is hospitalised due to COVID-19 vaccinations. Coverage will be valid for three months from the day of the first dose of Health Sciences Authority-approved vaccinations.
The GREAT Vaccine Fund is effective until end-December 2021, or when the Fund is fully utilised, whichever is earlier.
This follows the insurer’s recent move to extend hospitalisation cover and/or inpatient treatment arising from all vaccinations (including COVID-19) for policyholders of its medical plans.
Great Eastern Group CEO Mr Khor Hock Seng said, “We have close to 2m customers in Singapore and are pleased to extend this coverage to include not just our customers, employees and financial representatives but also their immediate family members so more people in Singapore will be protected when they take their vaccinations.”