GREAT Eastern Life Assurance (M) Bhd has launched the country's first insurance policy for SARS (Severe Acute Respiratory Syndrome), providing a one-off cash payment of RM5,000 to policyholders diagnosed to have the disease and treated either in Malaysia or Singapore.
Its chief executive officer Alex Foong Soo Hah said the special SARS coverage was aimed at offering timely financial assistance and a financial safety net for those with confirmed diagnosis of SARS (presently defined as probable SARS based on current World Health Organisation definitions and with designated treatment such as hospital isolation and quarantine).
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