Refusal to be vaccinated will be treated similarly to smoking or lifestyle diseases such as diabetes, says insurer
Discovery Life says it wants to reward its clients who have helped the country by getting vaccinated. File photo.Anti-vaxxers who don’t take the Covid-19 jab could “unfortunately” be hit with higher Discovery Life premiums, while those who are vaccinated will benefit from lower premiums.
“Clients are asked upfront if they have already been vaccinated, or if they plan to get vaccinated as soon as circumstances allow. If they answer yes they will get the offer.” Discovery Health’s extensive claims data reveals that Covid-19 adds significant risk to the health of life insurance clients across all age groups.
Being vaccinated against COVID-19 is now a consideration in determining life insurance premiums and benefits for new clients, says Discovery Life, calling it a ‘first-of-its-kind’ underwriting determinant in the SA life insurance market. Effective from today.“Our research reveals that middle-aged clients have the highest relative increase in mortality risk once becoming infected with Covid-19,” Van Reenen said.
Through engagement with Vitality and their financial advisers, Discovery Life can determine a client’s individual level of risk and pass insurance savings back to them through rewards such as lower premiums and PayBacks.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Taxi industry vow to continue enforcing Covid-19 regulationsMEC for Roads and Transport Jacob Mamabolo made a clarion call for transport operators to scale up preventative measures.
Read more »
WATCH | Manaka Ranaka reunited with her son after testing negative for Covid-19Actress Manaka Ranaka recently reunited with her son after spending days apart in quarantine.
Read more »
Twitter sceptics accuse DJ Tira of Covid-19 vaccine promoIn a since-deleted tweet, DJ Tira said his December 2021 Fact Durban Rocks event would have a 'No vaccine card. No entry' policy.
Read more »
Myanmar ruler Min Aung Hlaing calls for help with Covid-19 from abroadJunta leader says vaccinations need to be increased, through both donated doses and by developing domestic production
Read more »
SA plans R36bn relief measures over Covid-19, riotsSA plans about R36bn worth of relief measures to support businesses and individuals affected by recent unrest and Covid-19 restrictions.
Read more »
7,700 Covid-19 cases, 370 deaths recorded in SA in 24 hours: NICDSA recorded 7,773 new Covid-19 cases and 370 deaths in the past 24 hours, the NICD said on Tuesday.
Read more »