The average amount HIV positive people are insuring themselves for has increased to an average of £137,192, a survey for Unusual Risks has found.
Unusual Risks have also campaigned for income protection (IP) and critical illness (CI) products to be available to those who are HIV Positive, research showed 90% of people with HIV would consider such products if they were available.
Chris Morgan, lead financial adviser of Unusual Risks, Mortgage & Insurance Services said: ‘Initially when HIV life Assurance was launched the amounts of cover were limited to below £250,000.
"It is wonderful news that Insurance Companies are now starting to offer larger policies that can be used to back large mortgages, commercial mortgages and private equity business deals.
"Although the ongoing development of HIV Life Assurance products has been wonderful for both the insurance industry and HIV Positive people, we would like to take this opportunity of highlighting that Income Protection and Critical Illness Cover policies are still unavailable to people living with HIV."
From 20 April
At the end of National Heart Month
Ruth Gilbert investigates another potential threat to life policies
Created for clients who might have rejected life insurance
In partnership with Golden Charter