{"id":49050,"date":"2020-03-11T17:08:36","date_gmt":"2020-03-11T06:08:36","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=49050"},"modified":"2025-09-02T11:33:53","modified_gmt":"2025-09-02T01:33:53","slug":"coronavirus-update","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2020\/03\/11\/coronavirus-update\/","title":{"rendered":"Coronavirus Update"},"content":{"rendered":"<p>Our story on Coronavirus and the impact on life policies (see: <a href=\"https:\/\/riskinfo.com.au\/news\/2020\/03\/10\/coronavirus-what-it-means-for-policies\/\" target=\"_blank\" rel=\"noopener noreferrer\">Coronavirus \u2013 What it Means for Policies<\/a>) has attracted significant interest.<\/p>\n<p>Part of our initial story reported a statement from the <a href=\"https:\/\/www.fsc.org.au\/\" target=\"_blank\" rel=\"noopener noreferrer\">Financial Services Council<\/a> in which it advises that insurers have confirmed there are no exclusions in existing life insurance policies that would prevent the policy paying out for a claim related to Coronavirus, \u201c\u2026 if you follow Government travel advice\u201d.<\/p>\n<p>The FSC has since provided additional information to Riskinfo regarding its reference to &#8216;following Government travel advice&#8217;.<\/p>\n<p>FSC\u2019s Senior Policy Manager, <strong>Nick Kirwan<\/strong>, noted that as the FSC speaks for the whole industry and that this reference applies only to a tiny percentage of (typically direct) life insurance policies which carry this qualification.<\/p>\n<blockquote><p>&#8230;there are no exclusions in existing individual retail life insurance policies<\/p><\/blockquote>\n<p>He says the statement was worded so that every single scenario, even very rare ones, was encompassed.<\/p>\n<p>The FSC has re-affirmed that there are no exclusions in existing individual retail life insurance policies that would prevent the policy paying out for a claim related to Coronavirus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our story on Coronavirus and the impact on life policies (see: Coronavirus \u2013 What it Means for Policies) has attracted significant interest. Part of our initial story reported a statement from the Financial Services Council in which it advises that insurers have confirmed there are no exclusions in existing life insurance policies that would prevent [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":49053,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8294,3],"tags":[],"class_list":["post-49050","post","type-post","status-publish","format-standard","has-post-thumbnail","category-claims","category-general"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/49050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=49050"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/49050\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/49053"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=49050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=49050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=49050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}