31 Jul Covid-19 Is it Covered?
In short, yes. For existing policy holders, they are, of course, covered in the event that COVID-19 leads to a claimable event such as inability to work (Income Protection), a defined critical illness (Trauma), total and permanent disablement (TPD) or death.
For new applicants who have previously been diagnosed with COVID-19, we are yet to see how this will impact underwriting terms. Needless to say, any offer made by an insurer will clearly document the policy terms and your MBS adviser will be sure to keep you informed.