Old Mutual today announced that it is making R4 billion worth of cover available to approximately 430 000 registered healthcare workers across South Africa.
This implies that every single one of South Africa’s registered healthcare workers will now be entitled to free life insurance worth R10,000.
The amount becomes payable in the event of the death of qualifying healthcare workers and is intended to provide relief to families who may have to deal with the tragic loss of a loved one during COVID-19.
The R4 billion worth of cover is available to approximately 430 000 registered healthcare workers across South Africa, said Old Mutual.
Effective from 1 April 2020 to 31 December 2020, the cover has no exclusions and will include death related to any cause.
The cover will be available to qualifying categories of members who are registered with the Healthcare Professionals Council of South Africa (HPCSA) as well as all registered practitioners of the South African Nursing Council (SANC).
Interim CEO Iain Williamson said that the business’s decision to support healthcare workers was inspired by a collective call supported by its 30,000-strong workforce.
“We were compelled to respond to the immediate need by our employees and by our responsibility as the country’s leading insurer. We’re acutely aware of the critical work being done by all essential services workers across the country as they continue to serve, care and protect our nation during this crisis.
“While we acknowledge that we cannot practically cover every single essential service worker at this time, the business has nevertheless made a call to provide R4 billion in free cover to the approximately 430 000 registered healthcare workers who we believe are among the most exposed to the virus, and who continue to serve our nation so diligently. From our entire workforce to all our healthcare workers across the country, we say: WE ARE HERE FOR YOU!”
For more information on this initiative as well as how to access this cover, call 0860 888 995. Further information is also provided at www.oldmutual.co.za
