Tag Archiveslife insurance

valentine 2

And the best gifts come in life-size boxes

The month of romance is here, and the hopeless romantics are in full swing. For all the cynical jibes and cheesy grins, Valentine’s Day is a great reminder to celebrate the people we love and who make our lives that much better. It’s an opportunity to express that admiration and care in a way that […]

Read full story
Brad Toerien, CEO, FMI

Overcoming the obstacles around the insurance conversation for young earners

It’s not surprising that many young earners struggle to see the immediate value of a long-term policy, choosing to believe their income is better spent on today’s more pressing concerns. A large part of this points to the various misconceptions handicapping the industry. (more…)

Read full story
Donald Dinnie_NATMED

Is 2019 an opportunity for a new insurance compact?

By Donald Dinnie, CEO of Natmed Medical Defence Spare a thought for Momentum and its Ganas Life claim debacle which occurred towards the end of 2018. Momentum was correct in law in avoiding the insured’s life policy for material non-disclosure, a position affirmed by the relevant ombudsman, but lost in the court of public opinion […]

Read full story

Most SMEs have no succession plan in case of business partner’s sudden death

Business owners go to great lengths to protect their businesses against theft and other immediate, tangible risks, but risks related to the sudden death, disability or illness of a business partner are often overlooked. (more…)

Read full story
1life 2

2018 1Life Life Changer Award – Moss Lehlokoa honoured

The DStv Mzansi Viewers’ Choice Awards, hosted this past weekend, saw leading financial services provider 1Life, award Moss Lehlokoa with the 1Life Life Changer Award. The award, now in its second consecutive year, aims to recognise an individual who is making a real difference within their community, by selflessly committing themselves to giving back. “The […]

Read full story

Ombud urges full disclosure when buying insurance

An insurance claim may be rejected even if the non-disclosed information has no bearing on the occurrence that initiated the claim. The Ombudsman for Long-Term Insurance, Judge Ron McLaren, says there is a common misconception that the non-disclosure of material information by an applicant for life insurance has to be linked to the claim event […]

Read full story

FSCA issues statement on Momentum/Ganas case

The FSCA says it has noted the recent decision by Momentum to make a payment to the Ganas family in relation to a 2017 life policy claim, after its initial decision was not to pay due to non-disclosure by the deceased of a medical condition. (more…)

Read full story
Life Insurance

Momentum creates a solution for the victims of violent crime

Momentum been under fire for the last few days after it refused to pay a policy worth R2.4 million to the family of Nathan Ganas who was shot and killed during a hijacking in his driveway last year. Momentum claimed Ganas failed to declare that he had been diagnosed with high blood sugar levels. This led […]

Read full story