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Life & Health Insurance

 

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…

Life & Health Insurance / 21-05-24 / Kwanele Sibanda

Liberty pays R9.14 billion in insurance claims in 2023

The Liberty Group says it paid out R6.72 billion in valid claims to individual clients, their families, and beneficiaries amounting to R25.85 million every working day; and although this is 3.72% lower than in 2022, these statistics still mirror…

Life & Health Insurance / 15-05-24 / Velmah Nzembela

Velmah Nzembela | Trends shaping the future of long-term insurance in SA

"Digitalisation is driving greater convenience, accessibility, and customisation in insurance products, as insurers leverage online platforms, mobile apps, and data analytics to deliver personalised solutions to policyholders. This trend is…

Life & Health Insurance / 08-05-24 / Tau kaVodloza

Teshlin Akaloo | Addressing healthcare disparities through intermediation

"By disseminating information about healthcare options and resources, intermediaries empower individuals to make informed decisions about their health and navigate the intricate healthcare system effectively. This educational outreach not only…

Life & Health Insurance / 08-05-24 / Sisanda Ndlovu

The Holly Experience: Underwriting simplified with the help of technology

“Holly was introduced to address some of the challenges faced by intermediaries in completing applications and meeting underwriting requirements. Holly eliminates the back-and-forth associated with incomplete information in manual applications…

Life & Health Insurance / 08-05-24 / Tommy Jackson

Delayed preventative healthcare and its cancer aftermath

“These trends are worrying in the sense that many of these cancer diagnoses are likely to be at much later stages of detection and this has a profound impact for patients in terms of the success and cost of their treatment," says Martin Rimmer,…

Life & Health Insurance / 19-04-24 / Kwanele Sibanda

Varsha Vala appointed as new Medihelp Principal Officer

“Understanding the deep challenges that members face when accessing medical scheme benefits is a key passion and strength of mine. Many members feel vulnerable and stressed when faced with critical health conditions, and this drives my commitment…

Life & Health Insurance / 19-04-24 / Tommy Jackson

Discovery Life pays R10.5bn to clients in 2023

"As a Group, we have invested heavily post-pandemic in supporting a return to health screenings, the results of which are now evident in the 2023 data with a 29% increase in earlier stage cancer claims compared to 2022. The importance of this…

Life & Health Insurance / 17-04-24 / Sisanda Ndlovu

Life cover fraud - a reality in SA - here's what you need to know to protect yourself

“We have seen several horrendous trends emerging in fraudulent insurance claims related to unnatural deaths, including what is called hit-and-run schemes, where some families stage unnatural deaths after their loved ones pass away naturally…

Life & Health Insurance / 17-04-24 / Shelly Nxumalo

FNB Insure pays R700m in pre-emptive life insurance claims

"Through our pre-emptive claims process, we are able to initiate the claim on behalf of beneficiaries who are not aware of the policies their loved ones might have taken. Over the years, this has saved families against financial hardship after…

Life & Health Insurance / 17-04-24 / Duty Editor

MLife (Zambia), in partnership with VHI, launch new health insurance offerings

“For more than 30 years, Madison Life Insurance has had an expansive presence in Zambia. As one of Zambia’s leading insurers, we take pride in our innovative services and dedication to our clients. . We believe that working in partnership with…

Life & Health Insurance / 11-04-24 / Kwanele Sibanda

BrightRock sees resilience, growth, and improved claims experience in 2023

"BrightRock has remained resilient. We’ve seen growth in market share over the past year, along with an increase in our average premium per policy, while our lapse experience has remained lower than expected. These are all positive signs that…

Life & Health Insurance / 03-04-24 / Shelly Nxumalo

What to consider when taking up life cover to protect your family

“There are two components of protecting your family, the first is having an updated and valid Will, and the second is having the right level of life cover based on your financial commitments. The outcome of being under insured could have a negative…

Life & Health Insurance / 03-04-24 / Melody Cloete

Smart parents secure their student children’s futures – here’s why life insurance matters

"According to Bidvest Life’s 2022 Claims Report, Students were the second most likely group to claim on their income protection policy for injuries and illnesses that affected their ability to pursue their studies, careers, or future to come,"…

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