Previously, life assurance cover was withdrawn when a person developed Aids.
Many companies deny life cover to HIV-positive people, while others offer it at such high premiums that few can afford it. Life assurance is needed for a variety of reasons but is mandatory to obtain a home loan.
Once an HIV-positive person buys Sanlam's cover, it remains in effect no matter how sick the person gets.
The change in life assurance cover is a result of research that showed that people who take ant-iretrovirals regularly for six months tend to comply with their treatment regimen for years and thus survive.
"[People want] to hang onto life as long as possible. There should be little reason for anyone to stop treatment," said Pieter Coetzer, chief medical adviser for Sanlam.
Research by UCT actuary Leigh Johnson has shown that people on anti-retrovirals have 80% of the lifespan of HIV-negative people.
Source: The Times via I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
