In 2021 Liberty paid out a total of R10.12 billion in claims under its flagship Lifestyle Protector policy to 43 600 individual clients and their beneficiaries. These payments represent a 59.6% increase from the…
The Ombudsman for Long-term (life) Insurance and the Ombudsman for Short-term (non-life) Insurance, together put almost R400-milion back in the hands of consumers who complained in the past financial year. In a joint 2021 Annual…
Hippo In mid-April 2022, South Africa passed 100,000 Covid-19-related deaths. At the same time, the South African Medical Research Council reported more than 300,000 excess deaths in the country since the start of the pandemic….
Insurance medicals made simple, 1Life Insurance launches RecoMed digital booking platform
May 10, 2022
If we have learnt anything over the past pandemic years, it has been that tech is our ally when it comes to accessing the services and connections that we need to survive and thrive, including…
Absa Life surges to top position on satisfaction index
April 26, 2022
Absa Life has emerged as the leading life insurance provider in South Africa in the Consulta South African Customer Satisfaction Index (SA-csi). The life, disability and critical illness insurer has led the market on all…
FNB Life pays out nearly R2.6 billion in insurance claims, mostly for death and retrenchments
March 31, 2022
R450 million paid out in pre-emptive claims to help beneficiaries FNB Life has paid out R2.571 billion in life insurance and policies to its customers in the last year. The majority of pay-outs (R2.3 billion)…
Why do life insurance companies care about your birthday
March 31, 2022
Steph Bester, the CEO of AllLife Save tens of thousands of Rands by getting your life cover in place before your next birthday You may be ageing better than a fine wine but as you…
South African life insurers reported a 53% surge in death claims for the six months between 1 April 2021 and 30 September 2021 when compared to the same period in pre-COVID 2019. The Rand value…
