Every single one of South Africa’s registered healthcare workers will now be entitled to free life insurance worth R10,000 in light of COVID-19, insurance group Old Mutual announced.
- Old Mutual will now provide South African healthcare workers with free life insurance worth R10 000 due to COVID-19.
- The cover will be paid out in case of death related to any cause and has no exclusions.
- Old Mutual said it forms part of their attempt to support healthcare workers for the critical work they are doing to fight the pandemic.
Old Mutual said it extended the cover to the country’s roughly 430,000 health workers in an attempt to support the critical work they are doing to fight the pandemic. The cover has no exclusions and will include death related to any cause. In total, the cover by Old Mutual amounts to over R4 billion.
Interim CEO Iain Williamson said the cover is intended to provide relief to families who may have to deal with the tragic loss of a loved one during this period. He said unlike with traditional cover offered, this is neither a product nor a policy and no premiums will be recovered on it.
“The cover is for all registered healthcare workers who we believe are among the most exposed to the virus, and who continue to serve our nation so diligently, From our entire workforce to all our healthcare workers across the country, we say: we are here for you!” Williamson said.
Healthcare professionals registered with the Healthcare Professionals Council of South Africa (HPCSA) or the South African Nursing Council (SANC) will be entitled to the cover. It will be effective from 1 April 2020 to 31 December 2020 and becomes payable in the event of the death of a healthcare worker.
courtesy of: Business Insider