Sri Lanka Janashakthi Insurance develops life insurance for HIV

ECONOMYNEXT – Sri Lanka’s Janashakthi Insurance said it had developed a life insurance cover for those diagnosed with HIV for the first time, ahead of World AIDS day on December 01.

"In the life insurance industry there is a common practice called ‘HIV exclusion," Janashakthi Insurance founder Chandra Schaffter said in a statement. "This means that all claims arising directly or indirectly from a policy holder’s HIV will not be covered.

"Janashakthi is the only insurer who does not have this exclusion in their life policies for Basic Life cover from its day one of operation.

"As another first, with this initiative Janashakthi will become the only insurance company which will offer Life Assurance to people living with HIV," he said.

Janashakthi said there were over 3,300 people living with HIV in by the end of 2014, according to data from the National STD/AIDS program.

"This policy will encourage people to seek early treatment and make sure they continue treatment," the statement quoted Indira Hettiarachchi, a former National HIV/AIDS Programme Coordinator for the International Labour Organization which had initiated advocacy with Sri Lanka insurers to improve social security for people living with HIV.

Janashakthi said it was also the first insurer to provide coverage for soldiers during the war. (Colombo/Nov30/2015)
 

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