Life insurance for people with HIV could become available as part of a wide-ranging consultation by the ABI on how insurance companies deal with the condition.
The ABI is revising its current code of practice for life insurance and critical-illness cover on HIV and is set to launch a wide-ranging consultation later this year. The association is currently engaged in preliminary discussions with charities, doctors' groups and IFAs.
Its current code of practice was last revised in 1994 when companies were prevented from asking if applicants had taken an HIV test. Instead, firms were only allowed to ask if applicants had tested positive. Currently, insurance companies have varying procedures and questionnaires, which could be standardised following the review.
Advances in the treatment of HIV means that deaths from Aids-related conditions have dropped to around 400 people a year currently.
ABI head of health Richard Walsh says: “The industry has developed since the last set of deadlines. We are looking at how gay men, Africans and world travellers – and also people with HIV – get life insurance and with what exclusions. Any new statement of practice will have a wider coverage area.”
Ruth Whitehead Associates principal Ruth Whitehead says: “I welcome the opportunity for dialogue with the ABI. This review is long overdue.”