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‘Medical expense tax credits are effectively used as an ‘expense’ when calculating tax and reduces the amount of tax payable by a household which belongs to medical aid,’ explains Gerhard Van Emmenis, Principal Officer of Bonitas Medical Fund.
In 2017, solvency and liquidity proved to be key issues within the financial services industry as regulators became more aware of the protective role that insurers play in the lives of their clients.
Have you ever applied for insurance cover, but failed to disclose all the relevant facts or details, or just “twisted” some of the facts in order to avoid waiting periods, exclusions, penalties, or higher premiums?
Since the announcement of the 1% Value Added Tax (VAT) increase by the Minister of Finance last month, there has been much debate around its impact on consumers and just how this will affect the money left in their pockets at the end of the month. With the revised general fuel levy, it’s clear that consumers will have to tighten their belts and adhere to stricter budgets.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?