Australian life insurers make commitment to healthcare workers

Under the auspices of the Financial Services Council (FSC), the Australian financial services industry body, insurers have agreed to ensure that healthcare workers, who are likely to be exposed to coronavirus (COVID-19), are not prevented from obtaining life insurance. A statement from Australian life insurers said that their exposure to the virus would not be used as a reason to decline an application for cover; to charge a higher premium; or to apply a COVID-19 exclusion to any of the benefits offered, subject to the relevant terms and conditions and financial limits. Protection Gur...