"The 95.9% payout rate for death claims should provide consumers with the peace of mind that life companies will pay valid claims provided the terms and conditions were met and the policyholder was honest during the application process," says…
"We believe that the enhancements to our Income Protection benefits will set the standard against which all other income protection in the market will be measured," says Nic Smit, Chief Product Actuary at Bidvest Life.
"South Africa's gig economy is experiencing rapid growth. A study by the World Bank in 2022 highlighted that approximately 10% of the country's labour force is engaged in some form of gig work. This includes freelancers, independent contractors,…
"Traditionally, risk cover such as life insurance was held locally, through rand denominated policies, but, as with investing, more South Africans are holding a mix of local and offshore portfolios to hedge against currency volatility," says…
"Our Benchmark findings revealed a jaded nation with eroded confidence in the country and its financial institutions. Stakeholders are calling for more stringent oversight and better governance to restore faith and address the trust crisis head…
"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…
“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…
"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…
"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,…
“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…
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.
"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…
"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…
"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…
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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