FSC introduces position on Genetic testing for insurers

To comply with the above, the paper application form has been updated and no longer requests the applicant to provide genetic test results. In addition, enhancements will be implemented in eApp to ensure the question relating to genetic tests will only appear if the cover that is being applied for meets the required thresholds.

These changes will further streamline the application process and reinforces AIAA’s commitment to providing the highest standards of service to our clients.

The objective of the moratorium is to ensure a consistent experience across the life insurance industry and promote genetic inclusion by ensuring applicants can access a level of life insurance without being asked about the result of a previously taken genetic test. In addition, AIAA’s position is to only take into account cover held with AIAA and exclude any other life insurance cover for underwriting consideration.