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Long Term Insurance

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30 Jul 2020
Income protection could be the best investment you ever make

According to the recent Stanlib Savings Report 2020, Covid-19 has highlighted how unprepared South Africans are for unforeseen financial shocks…

Income protection could be the best investment you ever make

According to the recent Stanlib Savings Report 2020, Covid-19 has highlighted how unprepared South Africans are for unforeseen financial shocks – and left without a steady income flow, many have had to dip into long-term savings to fund day-to-day expenses. Part of the reason is that South Africans tend to…

22 Jul 2020
Cardiovascular disease, cancer and accidents remain the leading causes of claims

In 2019, Sanlam paid out over 99% of death claims. The insurer predicts a rise in claims for death, funeral,…

Cardiovascular disease, cancer and accidents remain the leading causes of claims

In 2019, Sanlam paid out over 99% of death claims. The insurer predicts a rise in claims for death, funeral, sickness and income protection in 2020, due to the coronavirus pandemic. Petrie Marx, Product Actuary at Sanlam Individual Life, says that this year is a testament to how easily one’s…

14 Jul 2020
How COVID-19 revolutionised the way we assess life insurance applications

“We’ve seen two years of digital transformation in two months,” said Microsoft CEO Satya Nadella, reflecting on doing business during…

How COVID-19 revolutionised the way we assess life insurance applications

“We’ve seen two years of digital transformation in two months,” said Microsoft CEO Satya Nadella, reflecting on doing business during the COVID-19 lockdown in March and April 2020. His words ring true across industries, including the insurance industry where many of us have very quickly learnt to conduct meetings over…

13 May 2020
How much life cover do you need?

When buying life insurance, how do you know how much is enough? Do you spend what you can afford, or…

How much life cover do you need?

When buying life insurance, how do you know how much is enough? Do you spend what you can afford, or do you opt for a nice round figure like one or two million rand? And how do you know whether it’s enough? Marius Botha, MD at life insurer Stangen, says…

06 May 2020
Disability cover for the client of today

ASISA says the disability insurance gap stands at R19.3 trillion

Disability cover for the client of today

ASISA says the disability insurance gap stands at R19.3 trillion

09 Apr 2020
You can still buy life cover during lockdown

You can still buy life cover in the time of coronavirus, even if you can’t do the blood test and…

You can still buy life cover during lockdown

You can still buy life cover in the time of coronavirus, even if you can’t do the blood test and medical examination right away.

30 Mar 2020
How the COVID-19 lockdown impacts on buying life cover

The long-term insurance members of the Association for Savings and Investment South Africa (ASISA) support a statement issued earlier today…

How the COVID-19 lockdown impacts on buying life cover

The long-term insurance members of the Association for Savings and Investment South Africa (ASISA) support a statement issued earlier today by the Financial Sector Conduct Authority (FSCA) that the collection of blood samples and medical examinations as part of underwriting for new business does not qualify as an essential service…

27 Mar 2020
SA life insurance industry well positioned to deal with COVID-19 fallout

The South African life insurance industry has more than double the legally required reserve buffers in place and is therefore…

SA life insurance industry well positioned to deal with COVID-19 fallout

The South African life insurance industry has more than double the legally required reserve buffers in place and is therefore well positioned to deal with the COVID-19 fallout over the coming months.

25 Mar 2020
COVID-19: a new environment for insurers and claimants

By: Maria Philippides, Raynold Tlhavani, Caroline Theodosiou, Lisa Swaine, Justin Malherbe, Kim Rew, Insurance Specialists at Webber Wentzel ​​The rapid spread and potential damage of the…

COVID-19: a new environment for insurers and claimants

By: Maria Philippides, Raynold Tlhavani, Caroline Theodosiou, Lisa Swaine, Justin Malherbe, Kim Rew, Insurance Specialists at Webber Wentzel ​​The rapid spread and potential damage of the Coronavirus presents an extraordinary situation for governments, businesses and individuals. The Coronavirus is twice as contagious as ordinary flu, but mortality associated with the virus is 20 times higher. The…

20 Mar 2020
FSCA: Update on cancellation of selected policies by Constantia Insurance Company Ltd

The Financial Sector Conduct Authority (FSCA) today issued a statement in which it says that it has engaged with Constantia…

FSCA: Update on cancellation of selected policies by Constantia Insurance Company Ltd

The Financial Sector Conduct Authority (FSCA) today issued a statement in which it says that it has engaged with Constantia Insurance Company Ltd (Constantia) regarding the policy cancellations of the Prime Living Covergrow (Covergrow) and Living Legacy (Legacy) product offerings.

19 Mar 2020
FMI launches new webinar series for advisers

Life insurer FMI, a Division of Bidvest Life Ltd, this week launches FMI TalkTime, a new webinar series to help…

FMI launches new webinar series for advisers

Life insurer FMI, a Division of Bidvest Life Ltd, this week launches FMI TalkTime, a new webinar series to help independent financial advisers stay in touch with the latest trends, product developments, views and challenges in the industry.

04 Mar 2020
King Price acquisition of Stangen gets the go-ahead

Short-term insurer King Price has confirmed its entry into the South African life insurance market after regulators this week gave…

King Price acquisition of Stangen gets the go-ahead

Short-term insurer King Price has confirmed its entry into the South African life insurance market after regulators this week gave the green light for its acquisition of life insurer Stangen from JSE-listed African Phoenix Investments, for R140 million.