The European Court of Justice has ruled that from 21st December 2012, insurers can no longer consider someone's gender when calculating individual premiums and benefits. The ruling applies to new policies and renewals to policies.
Which types of insurance policies will be affected?
The ruling will affect insurance policies that usually factor in a customer's gender when premiums or benefits (a pension income) are calculated. This includes:
- Car insurance including Young Driver insurance and ecoinsurance
- Retirement income products, such as annuities
- Life and health insurance
See below for answers to how the ruling affects these products.