Pandemic Shield Cover
Sirago launched Pandemic Shield this week. See the full article here.
This policy will pay out a lump sum to the insured should they be required to be hospitalised for more than 48 hours due to any pandemic recognised by WHO. At the moment it is relevant to hospitalisation due to a positive test for COVID-19, however there is talk of another outbreak of Swine Flu and a second wave of COVID.
What does Pandemic Shield cover?
Get a lump sum benefit and daily cash amounts if you are hospitalised because of any disease or health event declared a pandemic by the World Health Organisation (WHO).
Why do I need Pandemic Shield cover?
Pandemic Shield is not a medical scheme but pays out a fixed amount if you are hospitalised due to a pandemic. Think how that could help if you were unable to work.
What about Covid-19?
Any hospitalisation longer than 48 hours, as a result of COVID-19, the coronavirus or SARS-CoV-2 is covered as long as you have been tested positive.
Who is Pandemic Shield for?
Any person aged under 60 can apply. There are no medicals and no exclusions.
One policy is allowed per insured person.
|Gold option - R99 per person||Diamond option - R199 per person|
|R25 000 lumpsum||R50 000 lumpsum|
|No daily cash amount||R500 per day (max 14 days)|
What about waiting periods?
A 21-day general waiting period applies to all Pandemic Shield policies.
During this time, no claims can be made and no event in the waiting period can trigger a claimable event, even if the claim is submitted after the waiting period has expired.
If you are hospitalised again for COVID-19, you can only make a subsequent claim after a period of 21 days has elapsed since your previous discharge following hospital treatment for COVID-19.
Get in touch with our accredited medical aid consultants for this fantastic product offering.