B2B Central

long term insurance

20 May 2019

Liberty Claim Statistics 2018 - A shift from death to survival insurance

By Janice Roberts

Liberty’s Claim Statistics for 2018 reveal an important shift in the long-term insurance market. A significantly higher proportion of claims are paid to survivors of life-changing traumatic events. In 2018 Liberty paid claims to the value of R4.69 billion to 28,453 individuals and their beneficiaries.
20 May 2019

Liberty encourages full disclosure to avoid repudiation at claim stage 

By Janice Roberts

The number of repudiated claims due to non-disclosure improved significantly from 2017 according to Liberty Claim Statistics for 2018. However, there’s still work to be done in encouraging policyholders and potential customers to disclose all information when taking up insurance cover.
01 Apr 2019

What your clients need to know when they start ‘adulting’

By Janice Roberts

By: Brad Toerien, CEO, FMI
27 Nov 2018

Disability Cover 101

By Janice Roberts

Disability cover protects individuals in the event that they become disabled due to illness or injury. While it’s not something most people like to think about, life can throw unexpected circumstances their way, from illness to injury – and in South Africa, according to the Profile of Persons with Disabilities in South Africa report released...
27 Nov 2018

2018 1Life Life Changer Award - Moss Lehlokoa honoured

By Janice Roberts

The DStv Mzansi Viewers’ Choice Awards, hosted this past weekend, saw leading financial services provider 1Life, award Moss Lehlokoa with the 1Life Life Changer Award. The award, now in its second consecutive year, aims to recognise an individual who is making a real difference within their community, by selflessly committing themselves to giving back. “The...
26 Nov 2018

Positive HIV status no longer a barrier to life cover

By Janice Roberts

When the HIV/AIDS epidemic began gaining momentum in the 1980s, a diagnosis was seen as a certain death sentence, with life insurance companies across the board refusing to cover individuals who tested positive for HIV.
22 Nov 2018

FSCA issues statement on Momentum/Ganas case

By Janice Roberts

The FSCA says it has noted the recent decision by Momentum to make a payment to the Ganas family in relation to a 2017 life policy claim, after its initial decision was not to pay due to non-disclosure by the deceased of a medical condition.
31 Oct 2018

Consider your life insurance options when you are young

By Janice Roberts

Felix Kagura, Head of Long Term Insurance Propositions at Standard Bank, believes that life insurance options should be considered by the young.
31 Oct 2018

The importance of releasing a life policy cession

By Janice Roberts

Consumers who have ceded their life policies as security over debt with a financial institution should not overlook the importance of releasing the cession when the debt has been fully settled. 
24 Oct 2018

Critical illness cover inspired by cancer survivors addresses real needs

By Janice Roberts

In South Africa, 100 000 people receive a cancer diagnosis each year, with one in nine women being diagnosed in their lifetime1 and breast cancer being the leading cancer diagnosed among women2. It’s unlikely that there’s a single South African untouched by cancer, and it’s common knowledge that the impact of a critical illness is much more...
02 Aug 2018

Long-term insurer launches customisable funeral plan

By Janice Roberts

The top-scoring life insurer in the South African Customer Satisfaction Index (SAcsi) for three years running, Metropolitan has unveiled its new Funeral Solution which has personalisation at its core – giving policyholders the flexibility to customise their funeral based on their needs and pocket.
04 Jul 2018

Millennials face a demonstrable insurance gap of R15 trillion

By Janice Roberts

South Africa’s young adults could bridge the growing life and disability insurance gap by diverting a fraction of their monthly lifestyle expenditure to financial services products. According to Gareth Friedlander, Head of Research and Development at Discovery Life, it would take as little as 4.6% of the average millennial’s salary to revolutionise the insurance coverage...