When the first few Covid-19 cases cropped up in Malaysia, all insurance and takaful operators under the Life Insurance Association of Malaysia (LIAM) stated that they would indeed provide hospitalisation and treatment coverage for Covid-19. However, some insurance companies have gone one step further and are offering additional complimentary coverage specific to Covid-19 as well.
From lump-sum payouts upon diagnosis and daily hospitalisation allowances to death benefits, you can check what extra coverage your insurance provider is offering for cases of Covid-19 here.
| Provider | Benefits | Eligibility | Period |
| Prudential Malaysia | RM5,000 payout upon diagnosis | In-force individual policies/certificates | 1 February – 30 April 2020 |
| Boost x Prudential Malaysia | · RM5,000 payout upon diagnosis
· RM1,000 payout upon death |
Verified Boost Premium Wallet users who apply | Enrolment until 30 April 2020, limited to first 200,000 enrolments |
| Great Eastern Malaysia | · RM20,000 payout upon death
· Cash assistance of RM200 per day up to 60 days of hospitalisation |
Life assured policyholders and their immediate family members
|
17 February – 31 December 2020, or until the exhaustion of the RM1 million financial assistance provided |
| AIA | · RM10,000 payout upon death
· Hospitalisation benefit of RM200 per day up to 30 days of hospitalisation |
Individual Life, Family Takaful, and Flex PA customers | Until 30 June 2020 |
| Tokio Marine | RM5,000 payout upon death due to Covid-19 | Life assured policyholders and immediate family members | Until 31 March 2020
|
| Manulife | · Hospitalisation income support of RM200 per day up to 30 days of hospitalisation
· RM10,000 payout upon death (RM15,000 for registered medical staff) |
· Hospitalisation income support applicable to the insured
· Compassionate benefit applicable to the insured and immediate family members |
26 February – 30 June 2020 |
| Hong Leong Assurance | · Hospitalisation benefit of RM200 per day up to 30 days of hospitalisation
· RM10,000 payout upon death due to Covid-19 |
New and existing customers of individual policies with Hong Leong Assurance medical coverage | 28 February – 30 June 2020 |
| Etiqa | RM5,000 cash relief upon diagnosis | Etiqa Life Insurance and Etiqa Family Takaful customers | 19 February – 30 June 2020 |
| AXA Affin | · Hospitalisation waiver assistance (for all AXA Affin medical policyholders)
· Up to 14 days of hospitalisation income benefit · Family assistance of RM3,000
|
AXA Affin medical policyholders who purchase a Hospitalisation Income Benefit Rider (HIB) during the application period
|
Application period: 1 February – 31 March 2020
Cover period: 1 February – 30 June 2020
|
| mySalam | Hospitalisation income replacement of RM50 per day for up to 14 days
|
Registered B40 and M40 Malaysians | Ongoing |
| Government quarantine initiative | RM100 aid per day during the quarantine period | Individuals without fixed income or salary | Ongoing |
Prudential Malaysia
Special Covid-19 Coverage
- Special benefits: RM5,000 payout upon diagnosis of Covid-19
- Eligibility: All in-force individual policies/certificates (including group policies, but excluding group employer-employee policies)
- Period: 1 February – 30 April 2020
Boost x Prudential Malaysia
Free Life Insurance With Special Covid-19 Coverage
- Special benefits:
- RM5,000 payout upon diagnosis of Covid-19
- RM1,000 payout upon death due to Covid-19
- Eligibility: Verified Boost Premium Wallet users who apply for this free coverage, limited to the first 200,000 enrolments, not applicable to existing Prudential customers
- Period: Enrolment until 30 April 2020
Great Eastern Malaysia
Financial Assistance Programme For Covid-19
- Special benefits:
- RM20,000 payout upon death due to Covid-19
- Cash assistance of RM200 per day up to 60 days of hospitalisation upon diagnosis of Covid-19 and quarantine in a designated hospital
- Eligibility: All life assured policyholders (except for compulsory group employee benefits) and their immediate family members including spouse and children aged 18 and below
- Period: 17 February – 31 December 2020, or until the exhaustion of the RM1 million financial assistance provided
AIA
Extra Coverage For Covid-19
- Special benefits:
- RM10,000 payout upon death due to Covid-19
- Hospitalisation benefit of RM200 per day up to 30 days of hospitalisation upon diagnosis of Covid-19 and quarantine in a designated hospital
- Eligibility: All AIA Individual Life, Family Takaful, and Flex PA customers
- Period: Until 30 June 2020
Tokio Marine
Covid-19 Extended Medical Coverage
- Special benefits: RM5,000 payout upon death due to Covid-19
- Eligibility: All life assured with in-force Tokio Marine policies (except group credit-related policies) and their immediate family members including parents, spouse, and children up to age 25
- Period: Until 31 March 2020
Manulife
RM1 Million Special Financial Assistance
- Special benefits:
- Hospitalisation income support of RM200 per day up to 30 days of hospitalisation upon diagnosis of Covid-19 and quarantine in a designated hospital
- RM10,000 payout upon death due to Covid-19, with additional RM5,000 if the individual is a medical staff who works in a registered hospital in Malaysia
- Eligibility: Hospitalisation income support is applicable to the insured; compassionate benefit is offered to insured and immediate family members including parents, spouse, and children up to age 18
- Period: 26 February – 30 June 2020
Hong Leong Assurance
Complimentary Dual Special Benefit Programme For Covid-19
- Special benefits:
- Hospitalisation benefit of RM200 per day up to 30 days of hospitalisation upon diagnosis of Covid-19
- RM10,000 payout upon death due to Covid-19
- Eligibility: New and existing customers of individual policies with Hong Leong Assurance medical coverage
- Period: 28 February – 30 June 2020; benefit to be given out on a first-come, first-served basis out of the RM1 million pledged by Hong Leong Assurance and Hong Leong MSIG Takaful
Etiqa
Special Novel Coronavirus (Covid-19 Cash Relief)
- Special benefits: RM5,000 cash relief upon diagnosis of Covid-19
- Eligibility: Customers insured by Etiqa Life Insurance or Etiqa Family Takaful (excluding group policies)
- Period: 19 February – 30 June
AXA Affin
Covid-19 Hospital Assistance Programme
- Special benefits:
- Hospitalisation waiver assistance (for all AXA Affin medical policyholders)
- Urgent self-assistance payment of up to 14 days of hospitalisation income benefit (see eligibility below)
- Family assistance of RM3,000 one-time payment (see eligibility below)
- Eligibility: AXA Affin medical policyholders who purchase a Hospitalisation Income Benefit Rider (HIB) during the application period
- Application period: 1 February – 31 March 2020
- Cover period: 1 February – 30 June 2020
mySalam
National Health Protection Scheme
- Benefit: Hospitalisation income replacement of RM50 per day for up to 14 days (existing mySalam benefit that covers Covid-19 as well)
- Eligibility: Registered B40 and M40 Malaysians
- Period: Ongoing
Government Quarantine Initiative
Daily RM100 Aid For Quarantine Period
- Special Benefit: RM100 aid per day during the quarantine period
- Eligibility: Individuals without fixed income or salary
- Period: Ongoing
***
So, if you have a policy with one of the insurers above, check to see whether the additional Covid-19 coverage offered applies to you. After all, it’s always good to be aware of the benefits and coverage available to you under your insurance policy, whether it’s a global pandemic or not.
You can find out more about Covid-19 and your insurance policies in this article here. And if you’re on the lookout for a new life insurance policy or medical card, you can find all the information you need in one place at RinggitPlus! Need medical card urgently due to COVID-19? The three medical insurance offers COVID-19 coverage, with an easy and fast online application.
