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The ‘three ‘Cs’ – comparing, competing and copying can lead to a financial downfall

23 May 2022 | General

It’s most often called ‘keeping up with the Dlamini’s’. But, it is really about seeing what friends, relatives and neighbours have, comparing your possessions to theirs and then deciding that you deserve the same, secretly competing and copying expensive lifestyles we cannot afford. It is, unfortunately, also why many people find themselves in financial trouble, says Old Mutual.

Understanding the difference between life insurance and funeral cover

20 May 2022 | Estates & Wills

Life insurance and funeral cover should not be viewed as competitors, there is space for both in the South African market. In fact, once understood, most people will realise they probably need both.

A conveyer-belt of consumer corruption

18 May 2022 | General

The life insurance sector is awash with fraudulent and dishonest claims, making it the latest section of the domestic economy to lament South Africa’s near-endemic levels of corruption. Local life insurers detected and prevented 4287 fraudulent and dishonest claims worth ZAR787.6 million across all lines of risk business last year, being a big jump from the 3186 cases totalling ZAR587.3 million reported in 2020.