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Long-term insurer launches customisable funeral plan

The top-scoring life insurer in the South African Customer Satisfaction Index (SAcsi) for three years running, Metropolitan has unveiled its new Funeral Solution which has personalisation at its core – giving policyholders the flexibility to customise their funeral based on their needs and pocket. (more…)

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Brad Toerien

South African insurance in need of a reality check

South Africans are dreadfully underinsured. The Association for Savings and Investment South Africa (ASISA) has estimated that 14 million families face a combined insurance shortfall of almost R29 trillion should the main breadwinner become unable to generate an income. (more…)

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‘South Africans pay too much for funeral cover’

Peter Castleden, CEO of digital insurer Indie believes that South Africans deserve better than what the funeral insurance industry is currently offering. “Funeral cover has been a one-size-all product that appears cheap on the surface, but can be incredibly expensive in relation to other cover,” says Castleden. “When selling funeral policies with an average premium […]

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Millennials face a demonstrable insurance gap of R15 trillion

South Africa’s young adults could bridge the growing life and disability insurance gap by diverting a fraction of their monthly lifestyle expenditure to financial services products. According to Gareth Friedlander, Head of Research and Development at Discovery Life, it would take as little as 4.6% of the average millennial’s salary to revolutionise the insurance coverage […]

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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 […]

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Regard Budler, Head: Product Solutions, Momentum Corporate

An industry first for group insurance in SA

In a complex, intimidating industry like insurance, it is heartening when an innovative customer-centric solution with clear benefits for financial advisers and their clients comes along. This is what financial advisers can expect from the Smart Underwriting process Momentum Corporate recently launched, says Regard Budler, Head: Product Solutions, Momentum Corporate. (more…)

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It’s a new dawn in group disability insurance

The time has come to change perspectives around group disability insurance and shape a future which ensures the sustainability of this key employee benefit and unlocks the value of healthy, productive employees. This was the message from Nashalin Portrag, marketing actuary at Momentum Corporate, speaking to delegates at the 2018 Batseta Winter Conference in Durban […]

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Risk cover doesn’t have to break the bank

There’s no disputing that good health and the ability to earn an income are two of your most valuable assets. Without the two, we cannot acquire the tangible assets we hope to, like cars, houses and future wealth. This is why it’s important to financially protect your health and income. The peace of mind that […]

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