(Bloomberg) -- In South Africa, where one in nine
people is HIV positive, life-insurance companies are making money
in an AIDS pandemic.
AllLife Ltd. was the first to sell policies to South
Africans who agree to regular AIDS checkups. Almost two years
later, the Johannesburg-based company has yet to get a claim.
Neither has rival Altrisk Ltd. since it started offering similar
products 15 months ago. Sanlam Ltd., the biggest insurer based in
South Africa, plans to enter the market of 2 million HIV-positive
people who have jobs and access to life-saving drugs.
Read more at Bloomberg Exclusive News
people is HIV positive, life-insurance companies are making money
in an AIDS pandemic.
AllLife Ltd. was the first to sell policies to South
Africans who agree to regular AIDS checkups. Almost two years
later, the Johannesburg-based company has yet to get a claim.
Neither has rival Altrisk Ltd. since it started offering similar
products 15 months ago. Sanlam Ltd., the biggest insurer based in
South Africa, plans to enter the market of 2 million HIV-positive
people who have jobs and access to life-saving drugs.
Read more at Bloomberg Exclusive News
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