Tag Archivesinsurance

Tony-Singleton

What gap cover doesn’t cover

With many hospitals and specialists charging multiple times the stipulated medical aid rates, gap cover has emerged as a way to protect consumers against significant medical expense shortfalls, with reasonable premiums of up to a few hundred rand per month for the more comprehensive offerings. (more…)

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electricity

Take adequate steps to protect property during load shedding

Short-term insurer Santam, says South Africans need to mitigate the damages caused by load shedding by being prepared prior to power going off. Eskom has announced that rotational load shedding will be on-going for the next ten days due to the power grid needing to stabilise following strike action. In light of this, Santam has identified […]

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Paul Myeza, COO of OUTsurance Life

How to seriously mess up your funeral insurance

Funeral insurance is one of the simplest forms of insurance on the market in South Africa, yet it is possible to mess it up badly. And at a traumatic time like the death of a loved one, the fewer the surprises the better. Paul Myeza, Chief Operating Officer of OUTsurance Life with 23 years’ experience […]

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car insurance

Cartrack and Drive and Save’s affordable theft-only vehicle insurance

In a country where between 65% and 70% of motor vehicles remain uninsured (according to the Automobile Association), it seems inevitable that a company would recognise the gap in the market and introduce an affordable theft-only insurance product. This is precisely what recently occurred through Cartrack’s subsidiary, Drive and Save (Pty) Ltd, with theft-only vehicle […]

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Nkazi Sokhulu

What credit life insurance covers, why you need it and what you should be paying

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 even […]

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Gideon Galloway, CEO of King Price

King Price celebrates 2,190 days as local royalty

R100 million in decreasing premiums given back to clients, R1 insurance for some of their favourite things, and savvy protection against online bad guys all might seem normal now, but only 6 years ago, no bit of this was true. This June, King Price has 6 years under its belt, and an entire royal treasure […]

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Paul Myeza, COO of OUTsurance Life

South Africans should not need more than one funeral policy

South Africans typically take out between three and four funeral policies in an attempt to deal with their changing circumstances. OUTsurance has launched a low cost flexible funeral plan tailored to meet consumers’ needs.  Each time a policy holder is faced with a difficult life event and is unable to pay the premium for a […]

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The implications of driving an uninsured vehicle

Motorists have been warned to brace themselves for another massive hike in the petrol price next week, which may result in the fuel price breaking the R15 a litre barrier for the first time. Hannes van Rensburg, a member of the Short-term Insurance Committee of the Actuarial Society of South Africa (ASSA), predicts that this […]

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