- Foreign visitors to Singapore can now buy inbound travel insurance coverage for COVID-19-related costs incurred in Singapore, the Changi Airport Group (CAG) and the Singapore Tourism Board (STB) said on Wednesday (Nov 18).
- The announcement was made on behalf of the Emerging Stronger Taskforce Alliance for Action on Enabling Safe and Innovative Visitor Experiences.
- CAG and STB said in line with the Emerging Stronger Taskforce Alliance for Action’s focus on public-private partnerships, CAG, STB and the General Insurance Association of Singapore led an expression of interest exercise to reach out to interested private sector insurers to provide such coverage.
- Responding to the expression of interest, three insurance companies, AIG Asia Pacific Insurance, Chubb Insurance Singapore and HL Assurance, developed products that provide at least S$30,000 in coverage for medical treatment and hospitalisation costs related to COVID-19.
- Mr Ho Kai Weng, chief executive of the General Insurance Association of Singapore, said that the insurance products would provide reassurance for foreign travelers as Singapore’s borders reopen.
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