Life Insurance / General

An unexpected intersection between group risk and cyber cover

An overwhelming eight-in-10 retirement fund members experienced a reduction in annual salary increase, reduction in current pay, took a forced sabbatical or went through a retrenchment process during pandemic, with up to 41% of employers in umbrella funds offering financial respite by suspending employees’ retirement savings contributions. One of the interesting observations from the Sanlam Benchmark 2021 is that participants remained committed to meeting their risk cover premiums throughout the crisis. “The Covid-19 pandemic has highlighted the importance of employers offering risk benefits to their employees,” noted the report. “The average deduction to cover the cost of life cover was reported as 1.51% for stand-alone funds and 1.2% for umbrella funds, which is aligned with previous years”.

National Savings Month - Maximising the benefit of family investing

The economic impact of hard lockdown due to COVID-19 created financial challenges for individuals, households and businesses. It has underscored the imperative of investing and saving for financial sustainability, not only during National Savings Month in July, but beyond.

Will a trust protect my assets during divorce?

Hollard launches Hollard Life Select, its new “no smoke and mirrors” product

Hollard Life Solutions has launched its Life Select product to further simplify intermediary and client understanding of its benefits, retain its competitive value and ensure ease of doing business. The Life Select product provides life cover, disability, critical illness and income protection benefits.