According to insurance claims statistics released by Altrisk for January 2011 to December 2011, cancer is the leading cause of all insurance claims across critical illness, income protection and life cover, followed by accidental causes and cardiovascular disease. The statistics illustrate: In terms of critical illness insurance claims, 78% of all claims paid were for [...]
Tag Archives | long term insurance
Daring to be different – Altrisk’s new product developments
Altrisk’s commitment to making life simple was once again demonstrated with the launch of four new benefits, a new commission structure for brokers and an innovative underwriting option during a countrywide roadshow during May and June. The theme of daring to be different is fitting for one of the youngest life players in the [...]
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Bust the jargon with Asisa resource
If the terminology in your long-term life insurance policy contract has left you confused, help is at hand. The Association for Savings and Investment South Africa (ASISA) maintains a comprehensive jargon buster on its web site, designed to make definitions and explanations contained in life insurance contracts and marketing material easier to understand. Peter [...]
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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 [...]
Flexible product offerings and sound advice are vital in meeting income protection needs
While research has shown that there is a significant disability cover gap in the South African market, clients who apply for income protection products should ensure that the cover they purchase match their financial needs. This is the view of Ryan Chegwidden, actuary at specialist long-term risk cover provider Altrisk, who says that flexible product [...]
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 [...]
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 [...]
