Singapore insurers pay out over S$1mil for Covid-19 claims

A Covid-19 patient at Ng Teng Fong General Hospital on April 21. Under measures announced on March 31, life and health insurance policyholders in Singapore can defer premium payments for up to six months.- ST

SINGAPORE (The Straits Times/ANN): Local insurers have paid out at least S$1 million to policyholders for Covid-19-related claims and benefits over the past three months.

Five insurance firms said claims in March and last month were not significantly higher than in previous years, although they added that it is hard to estimate the exact impact of the outbreak on operations.