Ease of funeral claims in a growing claims environment Wednesday, 14 April 2021 - International trends show a significant possibility of a resurgence of Covid 19 hitting South Africa in the next few months. Considering the significant increase in life insurance and ...
Read More » | | | First edition of the Ombudsman’s Briefcase for 2021 In our first edition of the Ombudsman’s Briefcase for 2021 we take this opportunity to wish you a safe and prosperous year ahead. We face this year with a little more hope having emerged from a second wave ...
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POPIA 101 All businesses with employees, customers and suppliers must comply with POPIA, which comes into effect on 1 July 2021. Here is a practical guide to the most important aspects
With the commencement ...
Read More » | | | Hollard Group’s life insurance pay-outs soar to historic highs during Covid-19 pandemic The Hollard Insurance Group, South Africa’s largest privately owned insurance group, today reported that it has paid out the highest death benefit claims in its 41-year history in the period since March 2020 ...
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Life insurers pay more than half a trillion Rand to policyholders and beneficiaries in 2020 Policyholders and beneficiaries received claims and benefit payments worth R522. 7 billion from South African life insurers in 2020. According to the long-term insurance statistics released today by the Association ...
Read More » | | | Insurer Liberty adapts its education benefits to the realities of the pandemic The COVID-19 pandemic has for now, not only changed the way the traditional schooling system functions but the cost of education as well.
With home-schooling becoming the norm, more parents are opting ...
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Introducing our new eNews App Insurance Gateway is thrilled to introduce our brand new electronic newspaper. The final product is available as both a mobile and desktop application. Our aim with the app was to develop an electronic newspaper ...
Read More » | | | Rule 19 – how it affects advisers and the industry, and are there tools to support advisers in complying? In September 2019, Rule 19 of the Policyholder Protection Rules underwent critical changes impacting insurers and financial advisors. The changes in relation to the termination of long-term policies brought about ...
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1Life recognised as the top direct life insurer for the 10th year running 1Life Insurance has maintained its position as South Africa’s leading direct life insurer, with the largest market share, for the tenth consecutive year, within the long-term insurance industry. This is according ...
Read More » | | | Insurance Ombudsman determines non-advice policy is void An insurer cannot hide behind the contention that a policy sold on a non-advice basis in the lower income market places the onus on the policyholder to be familiar with exclusions, the Ombudsman for Long-term Insurance ...
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1Life stats confirm the importance of healthy living amidst a possible second wave Mortality rates obtained by 1Life indicate that there has been a 233% increase in deaths between July and September this year, compared to last, with a massive increase in respiratory-related deaths.
“Covid ...
Read More » | | | FOR YOUR EYES ONLY-POPIA ESSENTIALS The Protection of Personal Information Act (POPIA) has been in the making for a while, with certain aspects already introduced. It is finally set to come into full effect after President Cyril Ramaphosa said, in ...
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The importance of having a Will Drawing up a Will can be a very sensitive and uncomfortable subject but as death is inevitable, it is always better to be prepared. As a legal document expressing your last wishes, a Will may well be the most important ...
Read More » | | | What will Finance Minister Tito Mboweni's 2020 Medium Term budget offer? South Africa's economic recovery plan
The plan is aimed at fast-tracking the recovery of the economy from the devastation caused by the COVID-19 pandemic. It outlines government's plan to revive the ...
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Beneficiaries of fully underwritten life policies receive R16.7 billion in death benefits in 2019 South African life insurers paid 99% of all claims against fully underwritten individual life policies in 2019 to a value of R16. 7 billion. The 2019 annual death claim benefit statistics for fully underwritten ...
Read More » | | | Expert financial advice still recommended – especially in uncertain times There's plenty of evidence to prove that a Financial Adviser in your life dramatically increases your ability to manage your finances, especially in challenging circumstances.
According to the research ...
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