Consumers who do not plan ahead for funerals could find themselves overspending in a last minute effort to give their loved ones a dignified send off. (more…)
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Policyholders and beneficiaries receive R458 billion in benefit payments from life insurers
Despite facing strong economic headwinds, South African life insurers honoured claims by policyholders and beneficiaries worth R458 billion in the year ended 30 June 2017. This represents a 9% increase in benefits paid when compared to the previous 12-month period. At the same time life insurers managed to grow assets by 2% to R2.7 trillion. […]
Single mothers urged to combat financial vulnerability
Your health and personal wellbeing are arguably your most valuable assets – especially if you have loved ones who depend on you. According to the 2017 Old Mutual Savings & Investment Monitor, 50% of metropolitan working mothers consider themselves to be single mothers, and only 16% say that they receive regular financial support from the […]
You’re never too young to get life insurance
If you are employed and have people who rely on you financially having life cover is essential regardless of your age. (more…)
Just three days to the 2017 FIA Awards
South Africa’s world class financial services industry will not have to wait much longer to find out which insurance and investment brands are recognised by intermediaries as the ‘best of the best’! The finishing line for the 2017 FIA Awards is in sight and any of the shortlisted finalists are within a nose of scooping […]
Non-disclosure of information leading cause of non-payment of claims
Most customers do not realise the importance of providing all required information to insurers at the onset of signing up for cover. What they don’t realise is that dishonesty and fraud result in significant costs to the industry which will ultimately be borne by other customers through higher premiums. (more…)
Don’t overlook insuring your partner’s parents
Couples in long-term committed relationships often find themselves having to support their spouses financially when one of their in-laws who doesn’t have adequate funeral insurance passes away. (more…)
Wearable computers reshape customer experience
Wearable computers are reshaping the customer experience in life insurance, enabling insurers to deliver more personalised products and incentives to consumers while helping their customers to lead healthier lives. That’s according to Bryan McLachlan, Managing Director of ABSA Instant Life, one of the first life insurers in South Africa to leverage wearable technology in its […]
