The high percentage of individuals suffering from asthma has placed a large burden on governments and healthcare systems as an increasing number of South Africans seek medical treatment and in more serious cases, hospitalisation. When assessing the risk profile of an individual with asthma, life insurance companies are likely to base their decision to provide cover on the severity of the condition and the measures being taken to treat it. The severity of the condition can be categorised into four grades; the first being mild intermittent asthma and the fourth classified as severe chronic or persistent. An individual suffering from severe chronic asthma will most likely face higher premiums than someone who has mild intermittent asthma. Insurance providers are cautious when providing life cover to asthma sufferers, and in serious cases they may decline life cover.
Image Source: http://www.asthma.ca/adults/about/whatIsAsthma.php
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