Tag Archiveslife insurance

Life Insurance

Discovery publishes life assurance claims

Discovery Life has published insights of its life assurance claims from January 2016 to December 2016. A total of 20 247 claims were paid over the period, amounting to R3.2 billion. This brings the total amount that Discovery Life has paid out to date up to R18.7 billion. (more…)

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Life Insurance

Indie redesigns life insurance for the digital generation

Indie, a Sanlam-backed innovative financial services business, has announced the launch of its first product – simple to use and transparent life insurance designed specifically for young adults. (more…)

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Lee Bromfield

Avoid overspending on funerals

Consumers who do not plan ahead for funerals could find themselves overspending in a last minute effort to give their loved ones a dignified send off. (more…)

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Life Insurance

Policyholders and beneficiaries receive R458 billion in benefit payments from life insurers

Despite facing strong economic headwinds, South African life insurers honoured claims by policyholders and beneficiaries worth R458 billion in the year ended 30 June 2017. This represents a 9% increase in benefits paid when compared to the previous 12-month period. At the same time life insurers managed to grow assets by 2% to R2.7 trillion. […]

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Lee Bromfield

You’re never too young to get life insurance

If you are employed and have people who rely on you financially having life cover is essential regardless of your age. (more…)

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Lee Bromfield

Don’t overlook insuring your partner’s parents

Couples in long-term committed relationships often find themselves having to support their spouses financially when one of their in-laws who doesn’t have adequate funeral insurance passes away. (more…)

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Bryan McLachlan1

Wearable computers reshape customer experience

Wearable computers are reshaping the customer experience in life insurance, enabling insurers to deliver more personalised products and incentives to consumers while helping their customers to lead healthier lives. That’s according to Bryan McLachlan, Managing Director of ABSA Instant Life, one of the first life insurers in South Africa to leverage wearable technology in its […]

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insurancepolicysmall

Save money by combining your funeral policies

Many consumers are not aware they are paying more than they should on funeral premiums by having more than one policy with different insurers. (more…)

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