New Discovery Life Clients Could Face Penalties For Not Getting Vaccinated
Discovery Life's CEO Riaan van Reenen says that clients with new policies who choose not to get vaccinated may be subject to higher insurance premiums due to the increased risk.
As South Africa works towards herd immunity against Covid-19 through its vaccination programme, there still remains a group of people who are hesitant to receive their jab.
It is now said that those who have new insurance policies may face higher premiums if they do not opt to get vaccinated as this puts them at higher risk of getting very ill and having to be hospitalized.
Discovery Life Insurance's Chief Executive Officer Riaan van Reenen spoke to CapeTalk about these claims, as Discovery Life has recently announced that clients who have been vaccinated can now get higher PayBacks.
"Being vaccinated against Covid-19 is now an additional consideration in determining life insurance premiums and benefits for new clients, effective from the 29th of July 2021," said Discovery.
"Clients with new polices who indicate that they are unwilling to be vaccinated may, unfortunately, be subject to higher premiums due to the increased risk," they said of clients hesitant about getting their jab.
CEO, van Reenen has described the strategy as a powerful incentive.
"What we've set out to do is to recognise that vaccinations significantly reduce the risk of contracting Covid and if you contract Covid, of getting severely ill and getting hospitalised," says van Reenen.
He says if clients choose to get vaccinated they will increase their PayBack available on qualifying policies to give them up to the full first year of premiums back into their PayBack fund.
"If you choose not to get vaccinated then we will underwrite you based on your underlying health conditions and depending on age, taking real life risk factors into account."-Discovery Life CEO Riaan Reenen.
He says that Discovery Life is not taking any choices away from its clients.
"It's really all about charging a fair price for the risk."-Discovery Life CEO Riaan Reenen.
van Reenen says that Discovery Life wants to encourage people to get vaccinated especially those who have comorbidities and are at higher risk of hospitalization if they contract Covid-19, as it is in their best interest.
In terms of medical aid premiums being structured in the same way van Reenen said:
Medical scheme premiums in South Africa operate on the basis of community rating, so it's unlikely that would make its way in there in the near future, in terms of the current framework.
So far South Africa has administered just over 7 million doses of vaccines and the country plans to vaccinate 67% of the population in order to achieve herd immunity.
A police officer in the North West has been reportedly dismissed from work for allegedly impregnating a prisoner. It is also alleged that the pregnant inmate was awaiting trial for murder and expected to be sentenced to 30 years in jail.
There are looming concerns that elections could become a super spreader event as South Africans prepare to go to the polls on October 2021. The fourth-wave has already been predicted by health expects in December, and going to the polls could be confirming the possibility of the fourth-wave.
Even though the country has a good supply of the COVID-19 vaccine, the Department of Health is still struggling with the issue of vaccine hesitancy among the citizens of South Africa. Despite the statics which shows that majority of infected patients in hospitals are those who are not vaccinated, vaccine hesitancy is still a problem.
Most popular articles today
The Groote Schuur hospital has recently released a report which highlighted that a significant number of its Covid-19 patients are unvaccinated. Reports said about 156 were hospitalised and 153 of those patients were not vaccinated.
Did you watch 'The Braai Show With Cassper Nyovest'? Former Miss Universe and beautiful Zozibini Tunzi joined Cassper Nyovest on Wednesday evening for the first episode of 'The Braai Show With Cassper Nyovest' as the first guest of season 2.
Deputy President David Mabuza is calling on all citizens to get vaccinated to lower the country's infection rate. He was speaking during the launch of the Vaccination Social Mobilisation campaign that has been launched in collaboration with the Department of Sports, Arts and Culture.
Other people were also interested in:
Health regulator, SAPHRA, is calling on all members of the public to report any side effects experienced after inoculation through official channels. Here's how members of the public can go about doing it.
At least 337 cases of alleged corruption in government departments have been reported to the National Anti-Corruption Hotline (NACH) in the period between April and the end of June this year. This is according to a report released by the Public Service Commission (PSC) on Thursday
There are calls for mass media to dedicate vaccination campaigns based on science and evidence to prime time slots. This follows concerns around vaccine hesitancy as a result of the spread of misinformation about the safety of vaccines.
Organised labour unions are calling for the permanent introduction of a basic income grant in South Africa starting next year. This comes at the back of reports that unemployment in the country has sky-rocketed to 34%.