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Actuarial Society of South Africa

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Tel: +27 (0) 21 509 5242
Fax: +27 (0) 21 509 0160
Postbox:
P.O. Box 4464
Cape Town
8000
South Africa
Scope:
Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North-West, Northern Cape, Northern Province, Western Cape.

Vision:

The actuarial profession in South Africa is widely recognised as the profession that enhances the long term financial security of individuals and institutions.

Stakeholders and interested parties include business, labour, government, regulatory authorities, other professions, members of retirement funds and medical schemes and policyholders, current and prospective members of ASSA, the media and the international actuarial community.

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From The Glossary »

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Whole life insurance:

A contract with both insurance and investment components: (1) It pays off a stated amount upon the death of the insured, and (2) it accumulates a cash value that the policyholder can redeem or borrow against.
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