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What Old Mutual is doing to its valued countries, R10k cover for every healthcare worker

by Staff reporter
08 Apr 2020 at 13:10hrs | Views
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 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," Williamson said.

"From our entire workforce to all our healthcare workers across the country, we say: we are here for you!"

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.

For information on how to access the cover, individuals can call 0860 888 995.

Source - businessinsider