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Given the plethora of medical insurance schemes, hospital plans, and medical aid products being marketed to the average consumer, it may be difficult for some to decide which option would best work for them.
An analysis of ‘Initial Cancer Diagnosis’ and ‘Cancer Co-payment’ gap claims paid by Sirago Underwriting Managers over 24 months from 2021 and 2022 shows that the volume of claims increased by 281% combined, compared with the same period in 2019-2020.
Financial anxiety in medical situations is a common experience for many people in South Africa. Medical treatment and procedures can be costly, and even with medical aid, there can still be significant out-of-pocket costs. This can create a great deal of stress and anxiety, especially for people who are already dealing with health issues or other challenges.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?