FMI said that all new policy applications for Life Lump Sum or Life Income cover will require proof of Covid-19 vaccinations. Existing policyholders will not be affected. Applicants will be quoted based on their vaccination status, with unvaccinated individuals in certain categories, being subject to higher premiums. However, policyholders can submit proof of vaccination in the future and their premiums will be reviewed. FMI believes that the vaccinated shouldn’t have to subsidise the unvaccinated, who are higher risk.
