Life Insurance / General

Total death, disability, illness claims 30% lower

One of South Africa’s largest life insurers has confirmed a marked improvement in its claims pay-out statistic for 2022, with a 31% decrease in the value of claims paid. Liberty made claims pay-outs totalling ZAR6.98 billion to around 31 808 individuals and their beneficiaries in the year, or 31% less than in 2021 when the COVID-19 pandemic was still in play.

Liberty's 2022 Statistics reveal the re- emergence of cancer and lifestyle related conditions as the leading causes of claims

As the world recedes to normalcy post the Covid- 19 pandemic, cancer has re-emerged as the leading cause for claims, according to insurer, Liberty's 2022 claim statistics.

South Africans are covered for less than half of their household needs

Standard Bank introduces Flexible Life Plan to protect loved ones easily and affordably

Amid the rise in demand for more flexible and simple solutions, Standard Bank has added the Flexible Life Plan, underwritten by Liberty Group Limited, to its drawer of insurance cover offerings.