Kuala Lumpur, 2 March 2021 – Insurance provider Great Eastern Life Assurance (Malaysia) Bhd pledged a total of RM1 million under the Covid-19 Vaccine Fund to help customers following the recent roll-out of the National Covid-19 Immunisation Programme.
In a statement today, it said the fund aims to support customers with daily hospital cash benefit of RM200 per day, up to a maximum of seven days for hospitalisation due to adverse effects following immunisation (AEFI), within 14 days of receiving an approved Covid-19 vaccination.
“Additionally, a lump sum of RM10,000 is provided for AEFI-related deaths occurring within 30 days of receiving a Covid-19 vaccine or from date of admission to hospital due to AEFI,” it said.
The fund is extended to customers of Great Eastern Life Assurance (Malaysia) Bhd, Great Eastern General Insurance (Malaysia) Bhd and Great Eastern Takaful Bhd.
“Customers of Great Eastern Life Assurance (Malaysia) must be a registered e-Connect user whose policies are in-force during the fund’s coverage period, from Feb 25 to Dec 31 2021 or when the fund has reached its RM1 million limit,” said the insurance provider.
The Covid-19 Vaccine Fund is in addition to its RM2 million Financial Assistance Programme announced in February 2020 to help customers mitigate the effects of the pandemic, which was fully utilised.
Great Eastern Life Assurance (Malaysia) Bhd’s chief executive officer Datuk Koh Yaw Hui commented: “As the leading life insurer in Malaysia, safeguarding the physical and financial wellbeing of our customers has always been at the core of everything we do. Since the onset of Covid-19, we have been introducing initiatives to support our customers on every journey during these unprecedented times. The Covid-19 Vaccine Fund is another such initiative, as they prepare for their vaccination.”
-The Edge Markets