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    Ease of funeral claims in a growing claims environment

    Wednesday, 14 April 2021 - International trends show a significant possibility of a resurgence of Covid 19 hitting South Africa in the next few months. Considering the significant increase in life insurance and funeral claims over the past year, and especially during the second wave, it is now more ...
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    First edition of the Ombudsman’s Briefcase for 2021

    In our first edition of the Ombudsman’s Briefcase for 2021 we take this opportunity to wish you a safe and prosperous year ahead. We face this year with a little more hope having emerged from a second wave of the coronavirus and with the COVID-19 vaccine being rolled-out. In this edition we look ...
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    POPIA 101

    All businesses with employees, customers and suppliers must comply with POPIA, which comes into effect on 1 July 2021. Here is a practical guide to the most important aspects   With the commencement date of the Protection of Personal Information Act 4 of 2013 (POPI) of 1 July 2021 fast approaching, ...
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    Hollard Group’s life insurance pay-outs soar to historic highs during Covid-19 pandemic

    The Hollard Insurance Group, South Africa’s largest privately owned insurance group, today reported that it has paid out the highest death benefit claims in its 41-year history in the period since March 2020. 6 billion in death benefit claims were made between April 2020 and January 2021, significantly ...
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    Life insurers pay more than half a trillion Rand to policyholders and beneficiaries in 2020

    Policyholders and beneficiaries received claims and benefit payments worth R522. 7 billion from South African life insurers in 2020. According to the long-term insurance statistics released today by the Association for Savings and Investment South Africa (ASISA) this represents an increase of R31. 7 ...
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    Recent Developments and Prospects:

    The major issue now facing life offices is the question of AIDS. While the impact is difficult to predict, all life offices currently require HIV tests for cover in excess of R200 000 or automatically include an AIDS exclusion clause. For some life offices the HIV testing limit has already been reduced to R50 000. Some life offices have aimed at countering the effect of AIDS by introducing policies requiring HIV testing every five years up to a certain ...
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