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News Updates:

Life & Health Insurance

 

Life & Health Insurance / 28-06-24 / Reo Botes

Reo Botes | NHI Bill enactment should not spark panic or knee-jerk reactions

"The signing of the Bill has caused significant confusion. Although the Bill is now law, this does not mean that we can simply walk into any private healthcare facility and expect treatment. It also does not mean that anyone should cancel their…

Life & Health Insurance / 26-06-24 / Chris Smit

The psychology of unpacking life insurance for millennials vs. Gen Z

“Financial planning for unforeseen circumstances is a lower priority for Gen Z, until they reach certain life stages. However, concerns about health issues like cancer and mental illness, as they increasingly impact younger lives, are gradually…

Life & Health Insurance / 26-06-24 / Brian Harris

Brian Harris | Gap cover: a lifetime investment in financial and physical wellbeing

"The rising cost of medical treatment and increasing shortfalls in medical aid cover mean that medical expenses can easily become a burden. Although medical aid schemes will cover up to the medical aid rate, increasingly, specialist providers…

Life & Health Insurance / 26-06-24 / Daniel Nkosi

Injury care imposing a toll on SA's healthcare system

"This innovative medical insurance ensures access to private healthcare during emergencies, making NetcarePlus the only provider in South Africa to offer unlimited cover for emergency medical treatment. From transport to intensive care, surgery,…

Life & Health Insurance / 19-06-24 / Sisanda Ndlovu

Why South Africans should bridge the medical aid gap

“South Africans must understand that gap cover does not replace medical aid. Rather, it aims to cover shortfalls where health providers charge above the medical aid rate, or your medical aid option has a sub-limit on a benefit or charges a co-payment…

Life & Health Insurance / 19-06-24 / Chris Smit

ASISA welcomes Old Mutual’s Iain Williamson as new Chairman

The Association for Savings and Investment South Africa (ASISA) welcomes Iain Williamson as the new Chairman of the ASISA Board of Directors. Williamson is the CEO of Old Mutual and has been a member of the ASISA Board since January 2020.

Life & Health Insurance / 12-06-24 / Tommy Jackson

Sanlam’s claims stats reveal fascinating trends for women and youth

"Sanlam recognises that behind every claim is a name, a story and a family. Sanlam remains steadfastly committed to helping move lives forward financially by paying on our promise when it matters the most. We encourage people to start talking…

Life & Health Insurance / 12-06-24 / Sisanda Ndlovu

Liberty’s Flame Station partners with Wits Fintech Hub to drive innovation

"Entrepreneurship is part of the fabric of Liberty's DNA, which is why Flame Station operates as an Innovation Impact Centre designed to be a space to 'fuel the flame' of start-up companies and entrepreneurs alike.  We want to see business concepts…

Life & Health Insurance / 05-06-24 / Sisanda Ndlovu

Expect investment opportunities punted via social media, Telegram and WhatsApp to be scams

"ASISA members have shared heartbreaking examples of how financially vulnerable consumers are frequently tricked into parting with the little money they have left. Most recently, a large asset manager alerted us to a WhatsApp scam using the…

Life & Health Insurance / 30-05-24 / Daniel Nkosi

Proper beneficiary nomination remains crucial to easing the claims process

“When taking out a life insurance policy, clients are prompted to nominate beneficiaries of the insurance payout. Policyholders have the flexibility to nominate multiple beneficiaries, with the option to amend these beneficiaries as their life…

Life & Health Insurance / 30-05-24 / Chris Smit

Experiencing financial pressure? Do not cancel life insurance and retirement savings

"Life insurance and retirement savings are not just expenses; they are vital safeguards for your financial future. Skipping contributions can have severe negative impacts both now and in the long term. If risk cover is cancelled, it could be…

Life & Health Insurance / 30-05-24 / Tommy Jackson

Local CIS industry assets surpass R3.5 trillion for the first time

"Consumers are under financial pressure due to a tough economic climate and rising living costs. In addition, we find ourselves in an uncertain investment climate due to the upcoming elections. Throw in poor returns from the local market, and…

Life & Health Insurance / 28-05-24 / Tommy Jackson

Life insurance set to boom as interest rates surge, says Swiss Re Institute

"Higher interest rates are a game changer, providing life insurance and pension products a tailwind to much better tackle the retirement savings challenges of ageing demographics. Savings products are attractive again as a direct consequence…

Life & Health Insurance / 22-05-24 / Schalk Malan

Schalk Malan | Simplifying insurance is key to resolving the trust paradox

"As brokers and industry leaders, it’s imperative that we step into the shoes of those who don’t possess our specialised knowledge and ensure clear and consistent communication in a language that resonates with our clients. The remedy lies in…

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