Life insurers promise payouts in Christchurch, whatever policies say

Life insurers promise payouts in Christchurch, whatever policies say
In the wake of the Christchurch Mosque attacks, life insurance companies say they won't use the terrorism exclusions contained in some clients' policies to avoid paying out claims to victims.

By Susan Edmunds

Stuff

 

Life insurers say they won't use the terrorism exclusions contained in some clients' policies to avoid paying out claims to victims of the Christchurch mosque attacks.

Some personal insurance policies contain a clause that allows an insurer to refuse a claim in cases of 'war, riot, terrorism and civil insurrection'.

That has prompted some concern that families of the 50 killed, or the survivors still in serious condition, might not be eligible for financial help from their insurers.

But insurers said, even if the victims had policies that contained the exclusion, they would not use it. Naomi Ballantyne, Managing Director of Partners Life, said the exclusion was only in her company's medical policy. Even then, it would not be applied. 

 

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