MANILA, Philippines—The Insurance Commission (IC) has reminded insurers that they cannot discriminate against persons with disabilities (PWDs) in policies and premiums.
“There shall be no outright declination or refusal of any application to be covered by any insurance contract solely on the ground of disability,” said IC chief Dennis B. Funa in a circular issued on Thursday (Aug. 27).
Funa’s circular said a PWD “should have the opportunity to either accept or decline the premium that the insurers may offer.”
Funa said insurers must have “reasonable” risk assessment as well as premium formulation for PWDs applying for insurance policies.
Keep on reading: IC chief warns insurers: Discrimination vs PWDs illegal