Tokio Marine Life Insurance floats coronavirus financial aid

Policyholders with in-force individual life policies can obtain a lump sum of $5,000.

Tokio Marine Life Insurance Singapore (TMLS) has launched #goCare, a financial assistance programme in light of the Wuhan coronavirus outbreak, according to a news release.

With #goCare, policyholders with in-force individual life policies can obtain a lump sum of $5,000 if they contract the coronavirus. To avail of the programme, a policyholder must submit proof of medical certification from Singapore hospitals indicating diagnosis.

It is limited to the first 50 submissions for financial assistance by 30 April.

In addition, TMLS has pledged a $10 donation for every sale closed through its Tied Agency Channel from 1 February to 30 April 2020. Funds raised will be donated to the International Red Cross and for the purchase of medical necessities and food supplies for Wuhan beneficiaries.