The government of Macau has selected Fidelidade Macau insurance company to provide insurance coverage for possible adverse reactions/side effects of the covid-19 vaccines under the programme of the country’s health bureau.
The coverage includes death or total permanent disability directly caused by adverse reactions or side effects of the vaccination. The maximum sum insured per person is $125,300 dollars while the sum insured for age 70 or above is reduced by 50%. The coverage period is 90 days after each vaccination.
Fidelidade Macau is the sixth largest property and casualty insurer in Macau. The company has reported strong underwriting profit since 2017 which is hinged on its bancassurance partnership.