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COVID-19 insurance products in Asia

(Cover Photo by Narupon Promvichai on Unsplash)

When Taiwan started offering COVID-19 insurance products, people lined up at 6 A.M. to purchase the insurance products. During the most recent outbreak, 460,000 policies were sold in just one week. The buying frenzy turned the saying “Insurance is sold, not bought” upside down. 

COVID-19 has highlighted the pandemic protection gap in insurance and insurers across the world have launched a series of COVID-specific product lines. We explore popular Covid-19 insurance products from the five insurers with the largest market capitalization in Asia to compare premiums and coverage. 


(Table 1: COVID-19 Insurance Products by Asia's Top Insurers. Click here to zoom-in.)


References


S&P Global Market Intelligence | Most of top 20 Asia-Pacific insurers post higher market cap in Q4'20
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/most-of-top-20-asia-pacific-insurers-post-higher-market-cap-in-q4-20-61965860
Accessed 2022.04.25

小雨伞全国保险经纪|众安保险爱无忧意外险
https://www.xiaoyusan.com/insurance/detail?id=173687
Accessed 2022.04.25

AIA | AIA 唯一摯保 – 癌症及嚴重傳染病保障
https://www.aia.com.hk/zh-hk/our-products/severity-based-health-protection/AIAOneAbsolute-Cancer-and-SeriousInfectiousDiseaseProtection.html
Accessed 2022.04.25

第一スマート少額短期保険株式会社 | 特定感染症保険 第一スマート少額短期保険

https://jp.insuremo.com/dsmart-ins/front/direct/infection/#/
Accessed 2022.04.25

最新消息 - 資訊中心 - 國泰金控新聞稿
https://www.cathayholdings.com/holdings/information-centre/intro/latest-news/detail?news=ocJg0H1JY0qBRFAKXkE7cw
Accessed 2022.04.25

Corona Kavach Policy for Covid 19 | Corona Kavach Health Insurance Plan | HDFC ERGO
https://www.hdfcergo.com/health-insurance/corona-kavach-policy
Accessed 2022.04.25

China Times | 疫情延燒賠付率走高 陸「隔離險」相繼下架
https://www.chinatimes.com/realtimenews/20220317002085-260409?chdtv
Accessed 2022.04.25

CNA | 日本疫情超出預期 保險公司停售COVID-19防疫險
https://www.cna.com.tw/news/aopl/202109020113.aspx
Accessed 2022.04.25

疫定平安防疫保險,防疫專屬的健康險商品 | 國泰產險
https://www.cathay-ins.com.tw/cathayins/personal/others/cov19prevent/
Accessed 2022.04.25


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