“Women should try to prioritise present and future healthcare needs, which is difficult to do when budgets are tight. Consider bolstering retirement savings to boost your retirement income for future healthcare needs," says Farzana Botha, Segment…
"Underwriting is a standard process in the insurance industry. It is a term used to describe the assessments clients undergo when applying for an insurance policy, particularly life cover. This is to ensure that the cover is equitable and appropriate…
"Health and Accident insurers bring significant product innovation to the market that allows consumers to be a lot more granular in their approach to these risks, while getting the absolute certainty that you’re covered for specific and unique…
"We believe every person deserves the right to life insurance and that the decision about what that insurance is lies in your hands, that your privacy is respected, and that being honest will help you get the right cover," said Steph Bester,…
"Every working South African should consider the financial impact if they’re unable to work for a certain period due to illness or injury. Even temporary setbacks can quickly spiral, with long-term financial consequences,” says Nic Smit, Chief…
According to Bidvest Life's Chief Product Actuary, Nic Smit, safeguarding one's earning ability and financial resilience is paramount for one's wellbeing and that of their families, particularly in uncertain times.
“A multitude of factors contribute to the gender pension gap, including the facts that women typically live about five years longer than men, but earn 82% of what their male peers make, for equivalent work," says Farzana Botha, Segment Manager…
"Whilst the digital process of drafting a will is simple, convenient and easy to use, an advisor is available to assist during the process for any of your estate planning and will set up questions," says Aneesa Razack, CEO of FNB Fiduciary.
"The sharp increase in gap claim values is firmly rooted in the affordability challenges that South Africans are facing in the current economic climate, compounded by the continual medical scheme alterations in benefit design, which is forcing…
"By offering accidental death cover to the majority of South Africans, we want to show everyone that they not only deserve life cover but that there are ways for them to get that cover," says Steph Bester, CEO at AllLife.
“Just 15% of the population is covered by medical schemes, according to the Council for Medical Schemes’ 2022 report. Simeka Health Group’s data on the employer groups they service further reveals that close to half of employees do not participate…
“We saw from our 2022 Sanlam Individual Life claim statistics that most sickness claims (40%) came from clients aged 26 to 35. This shows that the need for quality care and cover for this age bracket exists. But many young people are not taking…
David Thomson, Senior Legal Adviser at Sanlam Trust says this is a reminder that drafting and signing a will ensures your final wishes are respected, and saves your loved ones from a long, and potentially expensive legal process.
"There’s no doubt that the world has moved online, especially since Covid-19, but customers are still looking to financial advisers to guide their insurance decisions and smooth the claims process," says Shanique Jina, Underwriting Manager at…
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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