Life insurance evolves in a Covid-19 world
From cover for multi-organ failure, or personal cover you can change as your life changes, SA insurers are rethinking their product range
As the world learns to live with Covid-19, many norms are rapidly changing and the life insurance industry has not escaped unscathed. Insurance giants Discovery Life and Old Mutual recently launched new products introduced specifically as a result of Covid-19.
As doctors around the globe learn new information about Covid-19 every day, it is now known to cause acute organ injury, which ultimately leads to multiple organ failure. Multiple organ failure is the failure of two or more systems, such as the cardiovascular and renal systems, and is a common consequence of sepsis (the presence of bacteria in the blood) and of shock (very low blood pressure). The organs most commonly affected are the heart, lungs, liver and kidneys. ..
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