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In 2025, Old Mutual demonstrated its commitment to supporting policyholders during life-changing events by paying out R14.6 billion in claims.
For many young adults, life insurance feels like something to consider later, once they’ve built wealth, started a family, or accumulated assets worth protecting.
Discovery Life claims data shows that serious illness and disability can affect young adults far earlier than many people expect. Over the last five years, Discovery Life paid R378 million in claims to clients under 30.
For many South Africans, financial responsibility no longer follows a predictable path. Many younger people are becoming the primary financial support for parents and extended family long before achieving financial security themselves.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?