We’re committed to ensuring health workers can access life insurance cover.
The life insurance industry has a critical role to play in supporting Australians at this important time. Insuranceline intends to play its part to support our customers and the community when they need us most. We are grateful for all the doctors, nurses, medical practitioners, along with the healthcare workers who support them, such as police, pharmacists, paramedics and age care workers, who are on the frontline fighting the COVID-19 pandemic.
We are pleased to have supported this FSC initiative to protect our frontline health workers. This commitment on behalf of participating FSC life insurance member companies is to ensure that frontline healthcare workers are not prevented from obtaining life insurance cover purely through exposure, or potential exposure, to coronavirus.
Life insurance companies participating in this commitment agree as follows:
For relevant healthcare workers, exposure or potential exposure to coronavirus will not of itself be used to:
subject to the following:
Relevant healthcare workers includes, but is not limited to, all the following people working in any capacity in Australia, in any of the following:
The Commitment applies to the total amounts of cover the applicant would have, including both the cover being applied for and any existing individual and group insurance cover with all life insurers in aggregate, up to the following amounts:
Nothing in this Commitment prevents any life insurer from providing additional coverage in excess of the above.
The Commitment starts on 6 April 2020 and will continue until at least 1 July 2020 when it will be reviewed with a view to extending it if required.
Please note: This commitment is subject to authorisation by the ACCC.