Australia’s seven largest life insurers have announced they are joining forces in support of Australia’s Covid-19 vaccination program.
The participating insurers, which between them provide life insurance cover to more than 14 million Australians, are:
- AIA Australia
- MLC Life Insurance
- Resolution Life
A statement from the companies says that as Australia pursues high rates of vaccination on the road out of Covid-19 restrictions, the life insurers have launched an initiative called ‘We Have You Covered’.
They describe this as “…a joint national initiative designed to reassure and give confidence to Australians that once vaccinated, their life insurance products will continue to protect and cover them as they have always done.”
…the insurers are cooperating to provide confidence to customers and the community…
The statement notes that through this initiative, the insurers are cooperating to provide confidence to customers and the community around approved Covid-19 vaccines and their life insurance products.
It says a website has been launched as an educational resource to help provide confidence and peace of mind to the community, with a focus on three key areas:
- Receiving an approved Covid-19 vaccination does not affect customers’ ability to claim on existing life insurance policies
- Receiving an approved Covid-19 vaccination does not affect people’s ability to access life insurance in the future
- While serious side effects are rare, life insurance covers any serious side effects from approved Covid-19 vaccines that meet the terms and benefits provided under a customer’s policy
The companies say the initiative will also be supported by a multi-channel media campaign, co-funded by the seven life insurers participating, “…to reach as many Australians as possible with the campaign messages.”
In the joint statement the CEOs noted the time was right to come together to address any community uncertainty on this important topic.