Every healthcare worker in SA will get R10,000 in free, no-strings life cover from Old Mutual

2020-04-08 12:30

The cover will be paid out in case of death related to any cause, and has no exclusions.

Discovery: Why we refused elderly man's R14m insurance claim

2019-09-27 19:03

Discovery Life has responded to a report alleging that it deliberately withheld a life cover benefit to a client.

Treasury official hails Momentum policy change, vows industry standards will be reviewed

2018-11-21 11:06

After expressing disappointment in the way Momentum had handled a life insurance claim of a client, Treasury Deputy Director General Ismail Momoniat has welcomed the insurer's decision to change its policy stance.

Momentum CEO: This is why we were right to reject the R2.4m life policy claim

2018-11-20 11:51

Momentum Life CEO Johann le Roux says that, based on the outrage following the insurance company's rejection of a R2.4m payout, it is clear that the public is not as informed as they would have hoped.

Celebrating a lifetime in a day

2018-08-30 11:27

A funeral is so much more than just a single day – it’s the celebration of a loved one’s life

5 key factors to consider before ceding your life policy

2018-04-22 05:57

Many consumers who are eager to finalise the house-buying process often rush into taking out and ceding life insurance without first doing their homework.

5 amazing medical innovations that changed the world

2018-04-04 09:48

We look at advances in health and medical practices that have changed – and in many ways continue to change – our world today, which we often take for granted but changed the medical landscape around the globe.

The latest figures show a fivefold increase in the number of South Africans trying to scam funeral insurers

2018-03-26 14:29

There was a massive increase in the number of cases of attempted fraud and misrepresentation on funeral and life cover in 2016 – but a relatively small increase in the value of failed scams.

Life insurance start-up hopes to change the market

2017-11-28 22:00

A South African fintech start-up is looking to change the life insurance industry with the sale of policies to employees with low incomes.

Consumers rue declined claims - report

2017-05-10 17:31

A growing number of long-term insurance complaints have to do with claims declined over non-disclosure, statistics reveal.


Medical aids have been asked to not simply kick out members who miss payments

2020-03-27 12:28

Meanwhile employers will have some leeway in pension fund payments – but have been urged to keep up the payments for life cover and similar insurance as part of their pension schemes.

FNB says it can estimate how long you will live using eBucks – amid a bloody fight between Liberty and Discovery about measuring life expectancy with Vitality status

2019-08-08 07:34

First National Bank's life insurance is pushing eBucks pay-back for its customers as high as 40% – based on a rewards level it says is a proxy for good health management.

Momentum to pay out death benefit to widow of slain policy holder

2018-11-20 18:40

Momentum announced on Tuesday afternoon that it would pay out the death benefit to the widow of a slain policy holder.

Momentum sticks to its guns despite outrage over R2.4m life policy claim

2018-11-19 13:10

Momentum is sticking to its guns despite outrage over its rejection of a R2.4m life insurance payout for a Durban man who was shot dead, but allegedly did not disclose that he had high blood sugar.

How much is life insurance really costing you?

2018-07-17 16:02

In tough economic times, most South Africans are looking to reign in their spending and cut back on unnecessary costs as far as possible.

How the life insurance industry is changing

2018-04-09 15:23

Innovations in technology and within the industry itself is helping to change the negative reputation of taking out insurance.

These are South Africa's favourite life insurance scams, ranked by how often they fail

2018-03-27 05:04

People tend to try their luck. We don't know how often they succeed, but we know how they most often fail.

SA insurers downgraded, as knock-on effect of sovereign downgrade continues

2017-11-30 18:53

S&P has announced that its downgrade of SA's sovereign debt to junk has 'directly weakened' the credit quality of the investments of SA insurers who hold most of their assets in the country.

REVEALED: The life insurance companies with the most complaints

2017-05-11 05:00

The latest annual report of the long-term insurance ombudsman reveals the companies which received the most complaints during 2016.

Old Mutual divests from Indian life insurance business

2017-04-28 15:38

Old Mutual intends to sell its stake in its life insurance joint venture in India.

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