Business

Insurance companies offer relief coverage for post-vaccine issues

Hospitalisation, cash, medical assistance among benefits served to policyholders getting Covid-19 jab

Updated 5 years ago · Published on 12 Mar 2021 7:50AM

Insurance companies offer relief coverage for post-vaccine issues
In an effort to offer further protection against side effects that may arise from getting the Covid-19 vaccine, a majority of life insurance companies are beefing up their financial assistance programmes for those newly injected with the inoculation. – AFP pic, March 12, 2021

KUALA LUMPUR – A majority of life insurance companies in the country are extending financial assistance to their policyholders who may develop side effects or complications resulting in hospitalisation from getting the Covid-19 vaccine.

Life Insurance Association of Malaysia (LIAM) said the coverage includes hospitalisation costs that are medically necessary and reasonable due to side effects from the jab offered under the National Covid-19 Immunisation Programme.

“A number of life insurance companies are also offering cash relief programmes for side effects under their respective Covid-19 vaccine funds, or medical assistance programmes,” it said in a statement today.

It said the assistance includes reimbursement of medical bill for Covid-19 patients and post-vaccine support for hospitalisation due to side effects; medical assistance and special death benefits; hospitalisation income; and cash relief.

LIAM chief executive Mark O’Dell advised policyholders to contact their insurance companies to find out more about the coverage they are entitled to if they develop side effects due to the vaccine.

While applauding the government’s proactive efforts to protect the rakyat, he also urged Malaysians to play their part in the battle against the virus by registering for the immunisation programme via the MySejahtera app. – Bernama, March 11, 2021

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