Insurance articles
Fraud in the short-term insurance sector
Insurance fraud statistics indicate that there’s little that people won’t do for money. From staging accidents to buying dead bodies, the insurance industry has seen it all.
Protecting your income
Are you prepared if you were to lose your ability to earn an income? It is not something that people like to think about. But the fact is, you have to prepare for the worst, and that includes making sure you are financially looked after in the e...
FNB to start offering Takaful insurance
FNB Islamic Banking has launched Takaful an alternative to conventional insurance which is compliant with Shari’ ah values and beliefs.
Insurance cover for the different stages of your life
The importance of having adequate insurance in place is often stressed by financial advisors and experts. However, it is important to keep in mind that your insurance needs will change throughout your life.
Managing your insurance in a tough economy
Bertus Visser, chief executive of distribution at PSG Insure, notes that many analysts are warning the need to tighten our belts and prepare for tougher economic times. He advises that looking at your insurance, and ways to save around the house...
What can you claim critical illness cover for?
Critical illness cover was developed to offer financial reassurance should a life-changing health issue (mainly illness) impact you and your family.
Increase in claims in 2016 – Liberty
In 2016, Liberty paid out 91.8% of claims, to the value of R4.3 billion. This is 13% more (in value terms) than 2015.
Is it necessary to have a funeral policy?
Funeral policies can offer family members peace of mind that when a loved one passes away there will be funds to cover the expenses of the funeral and burial.
Mutual & Federal to change name to Old Mutual
Old Mutual has announced that it is set to scrap the Mutual & Federal brand and rebrand it as Old Mutual Insure, and subject to regulatory approval this will take effect from 5 June 2017.
Pet insurance vs. medical aid: What’s the difference?
Pet insurance is often advertised as the animal alternative to medical aid. With the cost of not only human medical treatment increasing, but veterinary treatment for your pets as well, having insurance to help cover these costs is becoming incr...
Reassessing your insurance in 2017
Each year it is advised that you reassess your insurance policies. Throughout the course of a year there are a number of things that may arise and change the required cover or value of your insurance. According to Wynand van Vuuren, head of lega...
Drought damage is not covered by insurance
The ongoing drought has seen tougher water restrictions implemented by the City of Cape Town. Among the many restrictions is a limitation on filling swimming pools, and the requirement for pools to be covered to reduce evaporation and ...