A significant backlog at a number of the state’s forensic laboratories has meant that some consumers are being forced to wait for as long as two years before pathology results are finally made available. As a result, any insurance claim that remains dependent on such test results could potentially end up being considerably delayed. According [...]
Tag Archives | life insurance
Lack of financial planning puts us at risk
A lack of proper financial planning has been cited as one of the key reasons for the massive underinsurance problem facing South Africans. According to a new study conducted on behalf of the Association for Savings and Investment South Africa (ASISA), South Africa’s 12.4-million income earners between the ages of 16 and 65 are underinsured [...]
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Graduate professionals underinsured for death and disability
High income earners, including graduate professionals are often deemed to be more financially astute than the rest of the population when it comes to financial matters. However, research released by the Association for Savings and Investments of South Africa (ASISA) last week suggests that this group is severely underinsured when it comes to life and [...]
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The gap is R18trillion
The second study into the gap in insurance cover in South Africa was released today in Johannesburg (17 November 2010). The study was conducted on behalf of Asisa (Association of Savings and Investment SA) by True South Actuaries and Consultants, co-authored by the Bureau of Market Research at Unisa. The first study showed a gap [...]
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SA life industry shows clean bill of health
South Africans bought life insurance products worth R62-billion in new premiums last year, only 5% less than was spent on new recurring and single premiums in 2008 when R65.5-billion was received. Reporting back on the 2009 sales statistics for the South African long-term insurance industry, Peter Dempsey, deputy CEO of the Association for Savings and [...]
Long-term sustainability versus initial affordability
New generation products have revolutionised the local long-term insurance industry and they offer policyholders excellent benefits and value. Part of their innovative flexibility has been accurate pricing and different premium patterns to pay for your policy. Momentum highlights price as an important consideration especially in the current economic environment, and offers flexible premium patterns on [...]
Controlled diabetics given access to fully comprehensive life cover and benefits
In a major step in the right direction for diabetics, fully comprehensive life cover is now available for well controlled diabetics with type 1, 1.5 and 2 diabetes. The paradigm-shifting move means well-controlled diabetics are now offered fully comprehensive life cover, as well as disability and critical illness benefits. According to the World Diabetes Foundation, [...]
Don’t Leave Your Family Underinsured
Shock at Eskom’s proposed tariff hike, which would see an average family’s monthly electricity bill soar from about R760 to R3 000 by 2012, has highlighted just how quickly finances can change. It is therefore important that the insured regularly review their finances to ensure their families will be properly looked after in the event [...]
The Case for Age Rated Premiums
Life assurance is one of the few necessities in life that has consistently got cheaper over the last decade. Improving mortality, better technologies and selling practices, more informed clients and more (aggressive) competition have all helped to bring about sustainable cost reductions. Over and above this, the industry has devised a variety of pricing techniques, [...]
Tax Guide 2012
Latest Issue - 30 April 2012
In This Issue:
- Local and offshore ETFs
- Why stock selection is key
- Medical Survey - the cost of healthcare
- New player in life insurance market
Newsletters
Newsletter 17 May 2012: Lump sum versus debit order, 3 essentials for a confident investor
In today’s newsletter we look at investing with a lump sum or regular contributions – how do they stack up against each other? We also share three investment tips to cope with uncertainty. Being right about muddle-through hasn’t made investing any easier Most predicted that politically and often economically the year 2012 would be a [...]
