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Life cover fraud has been in the spotlight following the harrowing case of former policewoman Rosemary Ndlovu, who was sentenced to life in prison for orchestrating the murders of six family members between 2012 and 2018 to reap insurance payouts.
Many South Africans are taking advantage of Section 12BA of the Income Tax Act which offers a 125% SARS-approved tax deduction.
We are all familiar with the typical modern-day love story: person meets person, they fall in love, the lovebirds dream of living happily ever after, get married and then, well, they get divorced.
Most South Africans only start thinking about life insurance when they start their working lives, but that could be a costly mistake.
The strongest deterrent against FSP compliance missteps is or should be: