Sacombank launches Covid-19 insurance product

Sacombank and the Post and Telecommunication Joint Stock Insurance Corporation (PTI) launch an Anti Covid -19 insurance product. — Photo courtesy of Sacombank

HCM CITY — With the long-lasting threat of the Covid-19 pandemic, Sacombank and the Post and Telecommunication Joint Stock Insurance Corporation (PTI) have launched an Anti Covid -19 insurance product for Vietnamese citizens and corporates operating in Việt Nam with coverage of up to VNĐ150 million (US$6,335).

Eligible customers are those between 15 days to 70 years of age who do not have epilepsy or mental illness and have not tested positive for Covid-19 or been isolated in health facilities for suspected infection before the insurance date.

There are three insurance packages with competitive fees ranging from VNĐ30,000 to VNĐ300,000 corresponding to flexible insurance terms of three months, six months and one year.

The death benefit is from VNĐ50 million ($2,114) to VNĐ150 million, while the hospital allowance for treatment is from VNĐ5 million ($211.4) to VNĐ15 million ($634.3). —VNS

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