The R298 billion proof of value for life insurance
10 October 2024
The most up-to-date statistics covering South Africa’s life insurance sector show that R298 billion was paid to beneficiaries and policyholders over the first six months of 2024. According to the Association for Savings and Investment South Africa (ASISA), this total is made up of retirement annuity and endowment policy benefits, as well as claims against life, disability, critical illness and income protection policies.