Covid-19 Protection for Small Business Owners

Are you a small business owner who interact with many customers on a daily basis? If you are, you may be at risk of being infected by the COVID-19 virus. In this article, we will be introducing a new product called SOMPO CashNow from Berjaya Sompo that offers Covid -19 protection for small business owners. This is a new product from Berjaya Sompo who also offers MedicNow and MotorNow.

Although you are fully vaccinated, it does not guarantee that you will be protected forever. According to the Centers for Disease Control and Prevention (CDC), vaccines are not 100% effective at preventing COVID-19 infection. Some people who are fully vaccinated can still get infected. A COVID-19 infection of a fully vaccinated person is referred to as a “vaccine breakthrough infection”.

SOMPO CashNow is a personal accident introduced by Berjaya Sompo. This is a type of protection that pays you or your family money when a severe accident happens to you. In case of your death due to an accident, the insurance company will pay a sum of money to your family.

The special part about this protection is that you will also be covered if you get infected by COVID-19 or fall sick from any side effects due to the COVID-19 vaccination.

Regular employees have the benefit of getting paid even though they fall sick and are not able to work. This benefit is called “medical leave” where employers still have to pay their salary although they do not come to work due to falling sick.

However, entrepreneurs, shop owners and small business owners do not have this benefit. If they do not work for a day, they do not get any income for that specific day. There is no employer who will provide the medical leave benefit. Business owners are self-employed.

Therefore, to enjoy this same benefit, small business owners can buy SOMPO CashNow.

This product is for Malaysians who cannot afford to miss a single day at work.
More specifically:

• Entrepreneurs

• Shop/Stall Owners

• Small Business Owners

There are 3 plans to choose from and they offer different levels of Covid-19 protection for small business owners. On top of that, there are also different levels of other medical protection. The 3 plans are the Lite, Basic and Prime plan. Take a look below at the differences in all 3 plans.

1.LITE PLAN:

• COVID-19 Protection:

  • Get RM1,000 if:

    • You are admitted in a hospital due to COVID-19

    • You are admitted in a hospital due to vaccination side effects

  • Get RM100 per day if:

    • You are admitted in a hospital due to vaccination side effects

2. BASIC PLAN:

• COVID-19 Protection:

  • Get RM3,000 if:

    • You are admitted in a hospital due to COVID-19

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    • You are admitted in a hospital due to vaccination side effects

  • Get RM100 per day if:

    • You are admitted in a hospital due to vaccination side effects

3. PRIME PLAN:

• COVID-19 Protection:

  • Get RM5,000 if:

    • You are admitted in a hospital due to COVID-19

    • You are admitted in a hospital due to vaccination side effects

  • Get RM100 per day if:

    • You are admitted in a hospital due to vaccination side effects

The price you pay depends on your age, the type of plan you choose and other additional charges. You can refer to the table below to get an estimated price based on your age.

Additional Charges include:

• Stamp Duty: Fixed price of RM10

• Sales & Service Tax (SST): 6% of Premium Price

We highly recommend to get the Prime plan as it is worth every single cent of your money. Here is what you will pay for the Prime plan without stamp duty and tax included.

If you are:

• 19 to 24 years old, you pay RM0.67 per day

• 25 to 29 years old, you pay RM0.68 per day

• 30 to 34 years old, you pay RM0.70 per day

• 35 to 39 years old, you pay RM0.79 per day

• 40 to 45 years old, you pay RM0.88 per day

For as cheap as RM0.67 and as expensive as RM0.88 per day, you can get up to RM5,000 if you get admitted to a hospital due to COVID-19 or RM100 per day if you get admitted to a hospital due to COVID-19 vaccination side effects.

Small business owners need to buy their own sick day protection, because they have no employer that provides paid medical leave. Berjaya SOMPO CashNow is a cheap Covid-19 protection specifically for small business owners against COVID-19 and other sickness starting at only RM0.67 a day for the Prime plan.