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Life Insurance

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Unpacking the value of life cover; and why now it is never a good idea to cancel your policy

Unpacking the value of life cover; and why now it is never a good idea to cancel your policy

10 January 2023 | General

The perceptions and understanding of insurance in South Africa remain convoluted. Many South Africans view insurance as a grudge purchase and do not necessarily understand its purpose or value.

Few SA households have enough income protection, says Momentum Life Insurance

Few SA households have enough income protection, says Momentum Life Insurance

09 January 2023 | General

We go through life hoping for the best, but the reality is that life is unpredictable and filled with unexpected challenges that require financial agility. While you don't always know what to expect, there are some ways to prepare for the unexpected to ensure you protect your income.

Keep your life insurance policies and Will up to date before silly season begins

Keep your life insurance policies and Will up to date before silly season begins

12 December 2022 | General

The eagerly anticipated silly season is finally here, and many people will be taking some time off to unwind and recuperate before the new year.

From twin peaks to flatline, a close look at SA’s death claims statistics

From twin peaks to flatline, a close look at SA’s death claims statistics

07 December 2022 | Life Underwriting

The mortality statistics offered up by South Africa’s largest life insurers give unique insights into the path of the COVID-19 pandemic, starkly contrasting the twin peaks of pandemic-related death claims recorded in January and July 2021, to the zero claims in August 2022. The Death Claims Dashboard is maintained by the Continuous Statistical Investigation (CSI) Committee of the Actuarial Society of South Africa (ASSA) to record death claims against fully underwritten life policies at the country’s five largest life insurers. According to this dashboard, around 4 706 of the 31 520 fully underwritten death claims received by these insurers between March 2020 and August 2022 were due to confirmed COVID deaths.

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Insurance product innovation is crucial to closing South Africa’s insurance gap

Insurance product innovation is crucial to closing South Africa’s insurance gap

01 December 2022 | General
The Ongoing Impact of COVID-19 on health and mortality

The Ongoing Impact of COVID-19 on health and mortality

01 December 2022 | General
Big five life insurers see no new spikes in deaths in 2022, but claims remain above pre-pandemic levels

Big five life insurers see no new spikes in deaths in 2022, but claims remain above pre-pandemic levels

30 November 2022 | General
Study shows that millions of South Africans need to close the ‘Insurance Gap’

Study shows that millions of South Africans need to close the ‘Insurance Gap’

29 November 2022 | General
Managing Financial Uncertainty through Risk Cover

Managing Financial Uncertainty through Risk Cover

22 November 2022 | General
The true cost of a severe illness is compromised quality of life, but the right cover will trump financial hardship

The true cost of a severe illness is compromised quality of life, but the right cover will trump financial hardship

17 November 2022 | General
Q&A answering your questions about why 100% honesty is essential when applying for life insurance policies

Q&A answering your questions about why 100% honesty is essential when applying for life insurance policies

17 November 2022 | General
FISA reacts to the outcome of the Parliamentary Standing Committee on Finance’s meeting on the proposed anti money laundering bill

FISA reacts to the outcome of the Parliamentary Standing Committee on Finance’s meeting on the proposed anti money laundering bill

15 November 2022 | Estates & Wills