They haven’t finalised the outcome yet, I was at a seminar that included it yesterday, it’ll be the end of 2012 before we know the full impact. It’s even more impacting on life and specified illness cover. The point is, it’s a risk business and they assess all kinds of factors like sex, smoker status, age, medical history, occupation etc. so ruling on gender discrimination is ridiculous, it doesn’t make sense in an industry that bases premiums against risk!
If it does get inforced, they will equalise premiums, so the premium for men and women will be balanced at some point in between. For women, this will mean an increase in life premiums but a reduction in specified illness premiums and the reverse for men.