I'm not sure what you mean by "0.3 risk". 0.3% case fatality rate? But where are you getting that number from? COVID19 had roughly a 2% CFR early on when testing was limited and treatments hadn't been developed. It was around 1% for most of the pandemic. It is *now* as low as 0.3% in highly vaccinated countries, but still about 0.5% in the US.
It has been one of the deadliest pandemics in history. A million Americans are dead. I'm not sure how people can think the risks were over exaggerated.
https://ourworldindata.org/explorers/coronavirus-data-explor...