Tag Archiveslife insurance

Bridget Mokwena-Halala

How to plan a funeral and save money

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, […]

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Brad Toerien, CEO, FMI

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%) […]

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George Kolbe

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 […]

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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…)

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funeral

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…)

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Life Insurance

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…)

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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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Regard Budler, Managing Executive at Momentum Corporate Client Solutions

How prepared are South African companies for a cancer tsunami?

A cancer tsunami is approaching South Africa and could have a devastating impact on workplace productivity. However, Regard Budler, Managing Executive: Momentum Corporate Client Solutions says that proactive action by employers and their financial advisers can help to reduce the impact. (more…)

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