The agreement between SAEK and Europa Donna on the introduction of the Right to Life in life insurance for cancer patients the agreement of the Association of Insurance Companies of Cyprus (SAEK) and Europa Donna Cyprus for the introduction of the Right to Life in life insurance for people with a history of cancer.
The details of the important agreement were presented on Tuesday at a press conference in Nicosia, with the Right to Life agreement making Cyprus a pioneer member state of the European Union on this important social issue.
It is noted that the Association of Cyprus Insurance Companies, in coordination with Europa Donna Cyprus, is working towards the common goal of implementing the Right to Life in January 2023.
According to what was said by the stakeholders, this is "a landmark development", since a vulnerable group of citizens, such as cancer patients, can now redefine their lives, without the bad memories of the past being a burden on their dreams, having the possibility of equal access to life insurance services.
During the press conference, the four basic principles of the "Right to Life", agreed by SAEK and Europa Donna Cyprus in cooperation with the Ministry of Health, were presented.
Specifically, the four basic principles will apply ten years after the end of recovery in the case of people who were 18 years of age or older when diagnosed, while for people under 18 years of age when diagnosed, the period is reduced from 10 to 5 years.
Furthermore, they will only apply in cases of cancer and in relation to life insurance intended to secure a bank loan of up to EUR 200 thousand for the acquisition of a first home.
In addition, they will apply on condition that the loan must be repaid before the client reaches the age of 70.
As clarified at the conference, the applicant for insurance will be asked to mention his cancer history in his application and the insurance company on the basis of the above criteria will assess whether the 'Right to be forgotten' applies in his case and if it does then the insurance company will not take the cancer history into account for the purpose of assessing the application.
The President of SAEK, Evangelos Anastasiades, stressed that the final establishment of the "Right to Forgiveness" leaves the Association and all its members with feelings of satisfaction and joy.
"The insurance industry is part of society and listens to its needs, and that is why we came to the discussion with concrete proposals for the establishment of the Right to Oblivion, which is the epitome of the social contribution of private insurance," he said.
For his part, the Director General of SAEK, Andreas Athanasiadis, noted that the restoration of cancer patients' right to equal access to life insurance products was a "top bet" for the Association, which he said was particularly proud of the establishment of the "Right to Oblivion".
He spoke of a development "that gives additional motivation" to the efforts to be constantly at the side of society.
Europa Donna Cyprus President, Mary Theocharous Perdiou,[/B] stressed in her turn that the "Right to Life" is the starting point of an important cooperation for society between SAEK and Europa Donna Cyprus.
"We welcome with great satisfaction SAEK's proposals to provide Life Insurance plans to cancer patients," she said.
He noted that "cancer patients in Cyprus after their recovery will be able to look at their lives and those of their families with hope."
The Executive Director of Europa Donna Cyprus, Marios Charalambides, said that "for the first time such an agreement is being made", noting that there has been injustice for cancer patients over the years.
"A start is being made and the right foundations are being laid, with cancer patients now having access to life insurance after their recovery, which has to do with housing," he said."
Source: CNA
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