Covid: Life insurers pay out more in claims

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For life cover, Discovery Life paid out nearly three times more in death claims last year than in the previous year. The value of death claims increased from R2.2 billion in 2020 to R6.1 billion last year. Photo: Archive
For life cover, Discovery Life paid out nearly three times more in death claims last year than in the previous year. The value of death claims increased from R2.2 billion in 2020 to R6.1 billion last year. Photo: Archive

PERSONAL FINANCE

Liberty Life paid out R10.12 billion in personal risk claims to 43 600 individuals and beneficiaries last year, compared with R6.43 billion in 2020.

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