KUALA LUMPUR 28 February 2020 – Manulife Insurance Berhad (MIB) has announced that the company is providing a special financial assistance to customers diagnosed with COVID-19.
This financial assistance is on top of the company’s recent announcement on 31 January 2020 stating that customers who are seeking treatment related to COVID-19 within Malaysia will be covered by the company’s medical plans.
The company will also waive the 30-day waiting period for medical policies issued or reinstated before 30 January 2020 and extend the grace period to 90 days for policyholders who are diagnosed with COVID-19. MIB’s enhanced protection benefits support the Malaysian government’s effort in dealing with the evolving COVID-19 situation.
Starting from 26 Feb 2020 until 30 June 2020, MIB customers who are diagnosed with COVID-19, and kept in quarantine in any Ministry of Health Malaysia’s designated hospitals will be provided with daily benefit of RM200 per day for up to 30 days. In the case of loss of life due to COVID-19, an additional lump sum amounting to RM10,000 will be provided. The lump sum amount given due to loss of life is offered to customers and their immediate family members (parents, spouse & children up to age 18).
MIB appreciates the high risk medical personnel face amidst a public health outbreak. An additional RM5,000 lump sum will therefore be given on top of the RM10,000, if the loss of life due to COVID-19 happens to a medical staff who works in a registered hospital in Malaysia.
More information on this special financial assistance is made available in our website, www.manulife.com.my.
“As a company that is committed to doing the right thing and helping make decisions easier and lives better for our customers, we will continue to monitor the situation closely and look for ways to further support our customers.”
Lee Sang Hui, Manulife Insurance Berhad Chief Executive Officer
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