Tune Protect Malaysia has announced the launch of the Tune Protect Cares – Covid-19 Aid.
The aid comes as a RM 1 million pledge in the form of a compassionate pay-out that will be made available for individual policyholders, employees, registered agents and their immediate family members.
A compassionate pay-out of RM 5,000 is made available for individual policyholders of Tune Protect’s personal line protection plans, employees, registered agents as well as their immediate family members in the event of an untimely demise due to the virus outbreak.
The pay-out takes immediate effect up to Dec 31 or until the pledge amount is fully exhausted.
“With this new Covid-19 Aid, we hope it will help in providing financial relief to our stakeholders in this fight against Covid-19,” said William Foo (William), Chief Executive Officer of Tune Protect Malaysia.
Additionally, Tune Protect rolled out several relief measures under the ‘Tune Protect Cares – Covid-19 Support & Relief Measures’.
It includes a sum of RM250 subsidy to cover the cost of the Covid-19 tests, without any additional premium, as well as coverage of treatment and hospital expenses incurred due to a Covid-19 infection within Malaysia for our individual medical plan policyholders.
The insurance provider has also automatically extended the coverage for several of their personal insurance products that expire within the Movement Control Oder (MCO) period, so that customers are financially protected from any incidents during this period.
At an industry level, it is also participating in the special Covid-19 Test Fund (CTF) of RM8 million which is jointly funded by the insurance and takaful companies through their respective industry associations.
In a collaboration with the Ministry of Health, the special fund will also cover the costs incurred for screening of up to RM 300 per person for medical plans policyholders and takaful certificate holders to undergo tests at private hospitals or laboratories.
“We need to take extra precautions and care for our well-being as we continue to remain resolute in carrying out our responsibilities for the safety of our people in Malaysia,” concludes William.