Lifestyle Biz: Unvaccinated South Africans face higher insurance premiums
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Data published by the Association for Savings and Investment South Africa (Asisa) shows a big increase in Covid-related deaths in South Africa over the last year, with insurance companies likely to pass on the increased costs to unvaccinated citizens.
Considering the staggering number of death claims submitted over a short period of only 18 months, South Africans should guard against complacency, said Hennie de Villiers, deputy chair of the Asisa life and risk board committee.
“While the death rate has been lower during the fourth wave than in previous waves due to vaccinations and the emergence of the Omicron variant, death claims rates have not yet returned to pre-pandemic levels. Also, less than 50% of our adult population has been vaccinated.”
Considering the staggering number of death claims submitted over a short period of only 18 months, South Africans should guard against complacency, said Hennie de Villiers, deputy chair of the Asisa life and risk board committee.
“While the death rate has been lower during the fourth wave than in previous waves due to vaccinations and the emergence of the Omicron variant, death claims rates have not yet returned to pre-pandemic levels. Also, less than 50% of our adult population has been vaccinated.”
