Frontline healthcare workers are a group who could be exposed to contracting COVID-19 and to this end, participating life insurers are making a commitment that their exposure, or potential exposure, will not of itself be used to:
1. decline an application for cover,
2. charge a higher premium, or
3. apply a COVID-19 pandemic risk exclusion to any of the benefits offered,
subject to the relevant conditions and financial limits.
Assistant Minister for Superannuation, Financial Services and
"Our frontline workers are doing an amazing job in this crisis, and it's vital that we're ensuring their work won't adversely affect their life insurance cover," Assistant Minister Hume said.
"I thank the FSC and insurers for their responsiveness on this issue."
"This means not only doctors, nurses and hospital staff but also those who may potentially be exposed to COVID-19 such as police, pharmacists, paramedics and age care workers. While not everyone will be able to get new cover for other unrelated reasons, this commitment means potential exposure to COVID-19 alone won't affect the cover these workers can get with participating life insurers,"
"We hope this measure will help reduce any anxiety that our healthcare workforce may feel when working on the frontline. This is part of helping these Australians to have peace of mind for themselves and their families while continuing their vital service to our community."
For people who had life cover in place before
Australians can always check with their life insurance company (for individual life cover), or superannuation trustee (for group life cover in superannuation), about their cover.
* * *