Here is why it is beneficial for every Singaporean to purchase dengue insurance!
Dengue is an endemic infectious disease that has been present in Singapore for over a decade and the region has experienced a sudden increase in the number of cases in recent years. According to Statista, there were 36,315 cases reported for dengue fever and dengue haemorrhagic fever in 2020, which is a steep increase from 15,998 since 2019. A person suffering from the disease needs to be admitted to the hospital and incur medical expenses. While a health insurance plan will cover most of the expenses incurred for the hospital stay, a dengue insurance cover can provide additional assurance. Key features of a dengue insurance cover: ● Affordable coverage Many insurance companies offer dengue insurance cover in a form of microinsurance plan that covers you against dengue fever for 3 months. Due to the low tenure of the insurance policy the premium that you will have to pay for it is very affordable. ● In-app sign up Many insurance companies are now launching their own mobile apps which allow their customers to manage their existing insurance policies and even purchase new policies. Most of the time such dengue insurance cover plans can be easily signed up through the app with just a few clicks! This provides so much convenience - you can sign up for a policy without stepping out of your house! ● Cash benefits
Although this feature may not be available for all the dengue insurance cover in the market, most of the plans provide you with cash benefit upon the diagnosis of dengue fever. This is usually in a form of a lump sum pay-out (e.g. S$500) upon diagnosis. On top of these, you will be covered with a death benefit if you unfortunately pass away due to dengue fever. ● Hospital cash benefit There are a lot of unforeseen expenses that you may have to incur during your hospitalisation. Which is why some dengue insurance cover plans offer hospital cash benefits. This benefit entitles you to cash payouts throughout the duration of your hospital stay (e.g. S$200 for every 24 hours of hospitalisation due to dengue). Most plans will offer you a payout for 5 days per policy term. The payout amounts can help to tide you through the daily expenses incurred while being hospitalised.
● Death benefit This rising number of dengue deaths in Singapore is also a cause for concern. With a dengue insurance, you will be covered for death due to dengue. The sum assured varies according to the plans you purchase. In the unfortunate event of a dengue death, the payout can help dependents clear any outstanding bills and lessen financial burden. However, most insurance policies have a waiting period before the benefits take effect. Dengue insurance cover provides coverage for dengue fever only and will not pay for any death or hospitalisation due to any other cause or illness. You should refer to the policy contract for the exact terms and benefits that will be provided. The insurance company can be contacted anytime in case of any doubts or queries.