“As South Africans, we are at risk of not being able to maintain our lifestyles when severe illness strikes because we do not have financial recovery plans in place,” says Lulama Mrara, Regional Manager at Old Mutual Personal Finance.
"Young South Africans, in particular, should not see funeral insurance as a product only for older people. It is a practical expression of responsibility to parents, partners, children and the wider family network. We can enjoy a good lifestyle…
"A policy that was appropriate when a client was single, renting and earning a certain income may look very different once they have bought a home, started a business, had children, taken on debt or accumulated significant assets," says Etienne…
"For many South Africans, taking out life insurance is usually accompanied by a significant milestone such as buying a home, getting married, or welcoming a first child. Once that policy document is signed and filed away, however, most people…
"Non-disclosure can be unintentional as well, so it's important to understand what needs to be shared from the start. The application process is designed to guide you, but still relies on you providing complete and accurate information," says…
"As medical expense shortfalls become increasingly common, addressing them is becoming part of a financial adviser's responsibility. When recommending or reviewing medical aid, it is not enough to focus only on contributions and benefits," says…
"When our savings plans fall short, we often blame ourselves. We assume we lack discipline, don't earn enough, or simply aren't good at budgeting. While economic pressures are real, the reason saving is so difficult is often not just financial…
"During bereavement, families should not have to worry about delays or complexity in accessing financial support. Our focus has been on removing uncertainty and ensuring that when clients need us most, we respond with urgency, simplicity and…
"The regulatory environment is one of the most consequential forces shaping South African healthcare today. With the NHI on the horizon and rising compliance demands, what this industry needs is an honest, operationally grounded conversation.…
"The ability of a medical scheme to terminate membership must be understood within the broader framework of the Medical Schemes Act, 1998, which tightly regulates both access to membership and the terms on which it is granted," says Randhir…
"Our ongoing drive to deliver ensures our customers can rely on us in their times of need. The public is urged to prioritise healthy lifestyles, regular medical screenings, and early intervention to reduce risk," says Arno Jansen van Vuuren…
"Our members work with massive machinery, scale dangerous heights, and face conditions that most people cannot imagine. They deserve healthcare built for their reality, not borrowed from models that don’t reflect their daily risks,” says Ruth…
"The research shows that mid-career South Africans are not failing to plan, they are managing risk under constraint. This is a generation trying to hold together careers, families, aspirations and financial commitments in an environment where…
"The danger with AI in financial advice is not always obvious, but the results may be overlooking important detail. Life insurance advice is a difficult space for AI to operate in, as tools can sound convincing while missing critical nuances,"…
Insurance Biz is a New Africa Busines News Services (NABNS) publication launched in 2013 to focus on the insurance industry, investments, financial planning, employee benefits etc. It remains a great resource of news for industry professionals, and for those who seek to learn about the financial sector developments.
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