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Tag Archives | claim

Life-insurance

Annual death claim benefit statistics – Beneficiaries receive more than R15.1 billion

The 2018 annual death claim benefit statistics for fully underwritten individual life policies released last week by the Association for Savings and Investment South Africa (ASISA) show that life insurers paid 33 545 claims, representing 99.3% of all claims received. Life insurers declined 222 claims, a mere 0.7% of claims against underwritten individual life policies in […]

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ombudsman

In good faith

A case study recently published by the Short-term Ombudsman reiterates the basic principle that short-term insurance is a contract entered into in good faith and that there was no obligation on an insurer to verify the information at the sales stage of the policy. Mr Y submitted a claim for a single motor vehicle accident. […]

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