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Discrediting some of the myths about disability cover

A client’s biggest asset is their ability to earn an income. However, not everyone seems to be equally convinced of the importance of protecting this asset. This is echoed by the Association for Savings and Investments in South Africa (ASISA) which reported a total disability gap of about R16 trillion. (more…)

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Nkazi Sokhulu

Credit life insurance – what it covers and why you need it

  Despite the fact that credit life insurance provides invaluable protection to the policy holder in the event of them not being able to service their loan repayments due to death, disability or retrenchment, most people are unaware of even having this cover, how much they are paying each month, what the benefits are, or […]

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disability

BrightRock announces entry into new risk market

Needs-matched life insurance player BrightRock is ready to bring further change to the life insurance industry with the introduction of a group risk product that can provide schemes with up to 40% more cover for the same premium. BrightRock has become known as a disrupter in the individual life market, where advisers and policyholders alike […]

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Life Insurance

Sanlam paid out 99% of death claims in 2017

In its 99th year of existence, Sanlam paid out more than 99% of all death claims received in 2017. The South African insurer which has dedicated its centenary year to a changing lives for generations to come paid out claims to the value of R3 622.7m in 2017. Out of this 82% was paid for life […]

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IRR report on cancer and its effect on South Africans

Liberty pays R4.46 billion in valid claims in 2017

  Liberty, South Africa’s largest writer of new risk business between 2002 and 2017, paid R4.46 billion in valid claims in 2017. Every year Liberty releases statistics on what has been paid out to risk policyholders to help financial advisers and clients to better plan for their futures and effectively manage life’s uncertainties. (more…)

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Fraudulent claims on the rise

Tough times tend to elicit desperate behaviour from people. The slow economic growth, coupled with macroeconomic uncertainty, of the past few years have resulted in a marked increase in the amount of insurance fraud being committed in South Africa. According to the South African Insurance Association, local insurance fraud is in line with international trends […]

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Life Insurance

Industry first launch of life cover that generates wealth

This week, South Africa was introduced to Indie – a 100% digital insurer that focuses on creating wealth while offering customised cover – all in under ten minutes. In a world where consumers have instant access to services like Uber, Netflix, Airbnb and a plethora of retail offerings offering instant gratification, it’s not surprising that […]

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Phillip Kassel

Five risks to cover before you travel this Easter

As you’re focused on packing suitcases, checking the car and making sure your pets are cared for, insurance cover is probably the last thing on your mind. However, before you hit the road this Easter, you need to know your insurance status. (more…)

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