Life Insurance

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.

Things to consider when drafting your Will and naming an Executor

A Will is a crucial part of estate planning. Proper estate planning ensures your assets will be distributed efficiently according to your wishes when you pass on, as well as ensuring your beneficiaries receive maximum benefit from your assets.

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