The Monetary Authority of Singapore (MAS) has welcomed moves from insurers and banks that aim to give support to their customers that are affected about by the 2019 novel coronavirus (COVID-19) outbreak.
Insurers, through a statement by the General Insurance Association of Singapore and Life Insurance Association Singapore, have clarified that Integrated Shield Plans (IP), IP riders and most other personal and group health insurance policies will cover hospitalisation expenses related to COVID-19.
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