Unvaccinated South Africans face higher insurance premiums

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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, with unvaccinated citizens likely to pay more for insurance going forward.

Data published by the Association for Savings and Investment South Africa 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.

Life insurers expect the relatively higher rate of death claims to continue until South Africans start embracing vaccinations as the new normal, he said. Commenting on the death claims statistics released, de Villiers points out that the six-month reporting period to the end of September 2021 covers the third wave of Covid-19 transmissions from early May 2021 to the middle of September 2021.

South Africa announced its first Covid-19 case on 5 March 2020 and the first Covid-19 death was reported on 27 March 2020.

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