Launched today, the COVID-19 Vaccine Protect provides DBS customers with complimentary insurance with COVID-19 vaccination adverse reaction protection from policy commencement date to 31 December 2021 and 30-day COVID-19 coverage from the policy commencement date.
DBS customers who reside in Hong Kong with a valid Hong Kong Identity Card, aged 18 years or above, can register for the free COVID-19 Vaccine Protect for themselves, and for their spouse and children under the same policy. Spouse must be aged 18 years or above residing in Hong Kong with a valid Hong Kong Identity Card and children must be aged six months to 17 years residing in Hong Kong. Immediate family members do not need to be DBS customers.
Ajay Mathur, Managing Director and Head of Consumer Banking Group and Wealth Management at DBS Hong Kong, said “Everyone deserves an all-rounded protection. During the unprecedented and uncertain times, DBS Hong Kong is committed to provide additional protection for the customers and their family. Together with our partner, Chubb, we continue to provide greater peace of mind to our customers upon taking the COVID-19 vaccination, and we hope that things will get back to normal very soon.”
Doug White, President of Chubb in Hong Kong & Macau added, “COVID-19 has impacted the economy and disrupted the lives of Hong Kong people for over a year. We are proud to collaborate with DBS to help boost their customers’ confidence for the COVID-19 vaccinations, which is a crucial step in ending this crisis. Together with DBS, we share the hope of helping Hong Kong emerge stronger in a post-pandemic world.”
The complimentary COVID-19 Vaccine Protect is available for DBS customers to sign up online from 15 April to 30 June 2021. Coverage commences on the next calendar day of application and expires automatically on 31 December 2021.
*The above insurance plan is underwritten by Chubb Insurance Hong Kong Limited. Chubb reserves the right of final approval. DBS Bank (Hong Kong) Limited is an insurance agent authorised by Chubb. For more details of the insurance plan, please refer to the Policy Wording. The above offer is subject to applicable Terms & Conditions.
FAQs on the COVID-19 Vaccine Protect
Q1: Who can apply for COVID-19 Vaccine Protect?
DBS customers, aged 18 years or above who reside in Hong Kong with a valid Hong Kong Identity Card can register to apply for this complimentary policy for themselves and for their spouse and children under the same policy. Spouse must be aged 18 years or above residing in Hong Kong with a valid Hong Kong Identity Card and children must be aged six months to 17 years residing in Hong Kong. Immediate family members do not need to be DBS customers.
Q2: What does the COVID-19 Vaccine Protect cover?
It safeguards customers against adverse reaction after receiving COVID-19 vaccination. During the period of insurance, each insured person is entitled to coverage for receiving 2 doses of the same vaccine and shall receive compensation against the adverse reaction that arise within 14 days from the date of the most recent vaccination. In addition, customers will also receive free COVID-19 coverage for 30 days from the policy commencement date. Benefits are as follows:
Part 1: COVID-19 Vaccination Adverse Reaction Cover
Coverage Period: 14 days from the date of the most recent Vaccination. Each Insured Person is entitled to coverage for receiving a maximum of 2 doses of the same Vaccine during the Period of Insurance.
Hospital Cash Benefit
(Each Day of Confinement; up to maximum 14 days (cumulatively))
Suspended when Insured Person is Hospitalised in ICU
ICU Cash Lump Sum Benefit
(Paid once for ICU Hospitalisation and Intensive Care treatment per Vaccination)
Bereavement Assist Benefit
(One-time lump sum payment)
(Paid once for ICU Hospitalisation due to COVID-19)
Q3: When can I sign up for COVID-19 Vaccine Protect?
You can sign up for COVID-19 Vaccine Protect from 15 April until 30 June 2021 (both dates inclusive).
Q4: How can I sign up for it?
Customers can sign up online here: https://go.dbs.com/3g8KC2Z
Q5: When does the free cover start?
Free COVID-19 Vaccine Protect commences on the next date of application and will expire automatically on 31 December 2021. COVID-19 cover under the endorsement commences on the next date of application and will expire automatically after 30 days. Successful applicants will receive an email acknowledgement from Chubb within five working days after submission of their applications.
Q6: What happens when the free cover ends?
Free cover will expire automatically on 31 December 2021. Customers are not required to cancel the policy.
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About DBS DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world. Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 12 consecutive years from 2009 to 2020. DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia. With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
About Chubb
Chubb is the world’s largest publicly traded property and casualty insurer. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs more than 30,000 people worldwide.
With both general and life insurance operations, Chubb has been present in Hong Kong SAR for more than 90 years via acquisitions by its predecessor companies. Its general insurance operation in Hong Kong SAR (Chubb Insurance Hong Kong Limited) is a niche and specialist general insurer offering products such as property, casualty, marine, financial lines and consumer lines designed for large corporates, midsized commercial & small business enterprises as well as retail customers. The AA- long term insurer financial strength and counterparty credit ratings by Standard & Poor’s are indicative of the company’s strong capitalisation. Over the years, the company has built strong client relationships by being consistent and responsive; offering market leading claims services and innovative products, and providing market leadership built on financial strength.
More information can be found at www.chubb.com/hk.
