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The purpose of life insurance is to ensure that the policyholder has peace of mind in the event of an unfortunate incident that will lead to a claim. Underwriting is the risk assessment which takes place when someone applies for an insurance policy. While many people have heard of this term or gone through the process themselves, they might not fully understand why they have to undergo this type of assessment and how the information is used.
In today's knowledge based economy, traditional business models and the ‘old school’ way of doing business have been disrupted thanks to the likes of the cloud and Big Data technology, the internet and the new economy.
Head injuries can result in damage to the most important part of the central nervous system - the brain - and can irrefutably impact on one’s health, well-being and ability to work. With World Head Injury Awareness Day on 20 March, South Africans are reminded to be mindful of how to reduce these accidents, and how subsequent brain injuries, even minor, can affect quality of life.
Tackling financial literacy is a critical challenge for South Africa.
What can retirement funds do to improve client-adviser engagement during members’ employment years?