By Bridget Mokwena-Halala: Chief Executive Officer, Assupol Life. According to a study done by FinMark in 2017, 55% of the South African adult population have funeral cover. This stems from a long-standing cultural belief that a person should get a dignified funeral. The cost of a funeral could range from anywhere between R6 000 and R80 000, […]
Life insurance RSS feed for this section
Mind The Gap
According to the most recent ASISA gap study, South Africans are dangerously under-insured with only 47% of the life cover they’ll need, and only 45% of the disability cover they’ll need. However, when you look a little closer, a further problem emerges – the vast majority of disability cover sold are lump sum benefits (77%) […]
Time for women to take control of their financial future
By Grace Winter, Head of Brand & Communications at FMI. As South African women, what lives do we want to lead? How do we plan for those lives? And how do we make smart financial decisions that support our plans? (more…)
Give children the best possible critical illness cover
By George Kolbe, Head of Marketing for Life Insurance, Momentum. When children are in desperate need of help because of a critical illness, parents will do everything in their power to source the best possible care for their children and cancer is no exception. Although cancer in children and teenagers are rare, statistics indicate that […]
Policyholders and beneficiaries receive R63.7bn in death, disability and critical illness payouts from life insurers
South African life insurers paid R63.7 billion to individuals who had experienced death, disability or a severe illness in their family circle in the 12 months ended June 2018. This marks an increase of more than R6.3 billion from the previous 12 months to the end of June 2017. (more…)
Choosing the right funeral cover amount
Many consumers who take out funeral cover often struggle to choose the appropriate cover amount for funeral expenses. (more…)
Setting up your dependants for a sustainable financial future
According to Stats SA, in 2017 there were approximately 71 million unemployed youths globally. Roughly 53% of South African youths, between the ages of 15 and 34, are heavily indebted. (more…)
Changes to insurance laws come into effect
Amendments to insurance legislation aim to give more South Africans the opportunity to cover themselves and their assets and will provide for greater protection for policyholders, including a 48-hour turn-around time for funeral pay-outs. The Insurance Act, commencing on 1st July 2018, was passed by the National Council of Provinces in December. It brings with […]
-
WIN a copy of ‘Everything you need to know about non-life insurance in SA’
-
What exercise and investments have in common
-
Investors must consider ESG factors
-
IAM acquires controlling stake in Richfield Holdings
-
VBS curator reduces costs of the Bank
-
WIN a copy of ‘Everything you need to know about non-life insurance in SA’
-
Investors in unit trusts could expect more taxes
-
Giving your child a quality education requires dedicated saving
-
Bestmed Medical Scheme named as HR Future Technology Champion 2018
-
Compli-Serve KZN welcomes new compliance officer Tyran Naidoo
