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China Life Insurance Singapore Provides Customers and Employees Financial Support against Novel Coronavirus

China Life Insurance (Singapore) has announced that it will be giving financial support of up to SNG88,600 to customers and employees in Singapore against the incumbent worrying threat of Novel Coronavirus.

Lin Xiangyang, Chief Executive, Singapore, China Life Insurance, said “In this challenging time amidst the virus outbreak shrouded with uncertainties, it is critical that we as a life insurer do our part to serve the community by providing financial support to those affected by the coronavirus outbreak in Singapore. The World Health Organization has declared 2019-nCoV as a global health emergency. As at 7 February, it has claimed 636 lives and infected over 30,000 people within and outside China. We are doing what we need to do to take care of our customers, of which over 90% are Singapore residents, as they have placed their trust to insure with us. For this reason, we take this opportunity to thank them for their support since 2015, our establishment year in Singapore - this year being our 5th anniversary, by giving them the financial support of up to SNG88,600 during this period if any unforeseen event happens.”

“Our employees which comprises various nationalities, are the heartbeat of the company and it is essential that we provide this financial support for them as well. As a company, we have also taken the precautionary measures to take their daily temperature, provide masks if they are unwell and communicating the hygiene practices to adopt as advised by the Ministry of Health to them. I believe our community act during this time of uncertainty will bring comfort and assurance to both our customers and employees, and help ease their financial burdens,” continued Lin.

Established in 2015, China Life Insurance (Singapore) is a licensed life insurer which is regulated by the Monetary Authority of Singapore, and is part of the China Life Insurance Group, which states that it is the largest financial insurance corporation in China.