Tag Archiveslife insurance

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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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Ending 2017 on a financially high note

Alexander Forbes Financial Planning Consultant, Rita Cool, offers some important financial advice on how to see out 2017. (more…)

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Sonja Visser

Understanding accidental death and injury insurance

As South Africans gear up for the festive season, there is bound to be a spike in the number of road accidents. During the December 2016/January 2017 holidays, 1 714 fatalities were recorded nationwide – that’s a 5% increase from the previous year. (more…)

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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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