Beijing offers elderly COVID-19 vaccine insurance to ease hesitancy

Payout for elderlies experiencing adverse effects could go as high as $74k.

China’s capital of Beijing is offering elderly residents government-backed insurance for medical accidents that would be linked to taking the COVID-19 vaccine.

The insurance is to help ease vaccine hesitancy amongst the elder. According to city officials, of the 22 million people in Beijing, 97.7% of adult residents as of September last year were fully inoculated but only 80.6% of people aged 60 and over received their first dose of the vaccine in mid-April this year.

The new insurance plan could give a payout of ¥500k ($74.2k) per person for a single benefit. Other specific details of the plan were not provided.

The city continues to ramp up its inoculations as it suffers its worst outbreak yet. Officials blamed the relatively lower vaccination rates amongst the elderly as a weakness of its ‘dynamic zero-COVID’ strategy.

Chinese officials have pointed to relatively lower vaccination rates among the elderly as a key weakness in its "dynamic zero-COVID" strategy.

You may also like:

Howden gets regulator nod to acquire 100% of India business

Australia general insurance industry Q1 profits soars to $920m

Asia’s insurance industry has the weakest growth—here’s why

Follow the link for more news on

Insurance Cover For COVID-19 vaccine complications

Also Read

FWD Philippines targets gamer insurance gaps

Korean construction insurer maintains strong capital

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit