B2B Central

premiums

19 Jan 2022

Benefits of buying life insurance in your 20s

By Staff Writer

Most young adults enjoy better health which will equate to lower monthly premiums with no exclusions.
04 Oct 2021

Various complaints received relating to universal life policies

By Staff Writer

The Financial Sector Conduct Authority (FSCA) has been alerted by the office of the Ombudsman for Long-term Insurance (OLTI), that there have been various complaints received over the last few months, relating to policies known as universal life policies.

29 Sep 2021

Affordability remains key influencer for private healthcare consumers

By Staff Writer

With National Treasury forecasting a decelerated growth of 2.2% in 2022, affordability is set to remain the key influencer for private healthcare consumers in the coming year, particularly when it comes to monthly contributions payable towards medical scheme membership. This, says Josua Joubert, CEO and Principal Officer of CompCare Medical Scheme, is indicated in the sustained trend towards affordability as a primary concern in medical scheme selection but notes that this alone is not a strong enough qualifier.
25 May 2021

Know your rights and avoid getting fired by your insurer

By Staff Writer

Once a client is ‘fired’ from one insurer, it is very difficult to get a decent insurance policy elsewhere at the same premium rate, given that the client will have a record, says Christelle Colman, spokesperson for Old Mutual Insure.
13 Feb 2020

Ombudsman orders refund of premiums

By Janice Roberts

The Ombudsman for Long-term Insurance Judge Ron McLaren recently applied equity/fairness when he ordered an insurer to refund a portion of premiums paid for full cover when in fact accidental cover was provided.

15 Jan 2020

Be pro-active to ensure your claims get paid out

By Janice Roberts

There is definitely a right and wrong way to go about making a successful insurance claim
13 Jan 2020

How motor and household insurance premiums can fund investment

By Janice Roberts

For most consumers, motor and household insurance is the ultimate grudge purchase.  It’s that one thing that you must have because things can and do go wrong unexpectedly – and when they do, the financial implications of an uninsured event can be disastrous.  But if you’re part of the nine out of 10 insured consumers...
07 Jun 2018

Cyber insurance premiums to outpace all others

By Janice Roberts

A series of commercial global P&C insurance market reports from Aon Inpoint, Aon’s data, analytics, engagement and consulting team, found that by 2021 the most rapid growth of premiums will be seen in cyber insurance products. In addition, the financial institutions, mining and minerals, and technology and media sectors are expected to expand rapidly in...
16 Apr 2018

Not reducing premiums is unfair: Long-term insurance ombud

By Janice Roberts

The Ombudsman for Long-Term Insurance, Judge Ron McLaren, has expressed concern about the unfair practice by some insurers who do not reduce the premium when the benefits are reduced.
11 Dec 2017

Don’t let your insurance cover take a holiday

By Janice Roberts

By John Marsden, Managing Director: Citadel Financial Protection. Each December holiday season, South Africans are confronted with shocking road fatality statistics. According to the AA, as many as 14,071 people died on South Africa’s roads in 2016 – a 9% increase from the12,944 deaths recorded in 2015.
07 Oct 2015

Credit records impact insurance premiums

By Janice Roberts

Many South Africans aren’t aware that most local insurance companies use credit-based insurance scores to help determine risk, and that this score is one of the leading factors used to calculate the premium consumers will pay for their insurance.