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Tag Archives | Death Claims

ASSA story

Higher excess death rate among fully underwritten policyholders

Death claims for fully underwritten new-generation life insurance policies were nearly four times higher than the expected death rate during the peak of the third wave of Covid-19, according to the Actuarial Society of South Africa (ASSA). South Africa’s largest life insurers received 22 544 death claims against fully underwritten life policies in the 19 […]

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Vaccination works, Momentum’s death claims data shows

Vaccination works, Momentum’s death claims data shows

Unvaccinated people are significantly more at risk of severe illness and death than those who are fully vaccinated against Covid-19, death claims data from Momentum Life Insurance has shown. Stephen van Niekerk, head of Momentum Life Insurance, said its analysis of Momentum’s Covid-19 death claims over two months before September found that less than two […]

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Policyholder deaths exceed the 1 million mark

Policyholder deaths exceed the 1 million mark

Death claims statistics released today by the Association for Savings and Investment South Africa (ASISA) show that 1 023 083 policyholders died between 1 April 2020 and 31 March 2021. This represents an increase of 309 733 lives lost compared to the statistics for the previous 12 months for claims made against individual life, group […]

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life-insurance

When death do us part

One has to wonder whether those who are so quick to criticise the industry in isolated cases ever take note of the good news. Not that I am implying that death is good news; its just that the bereaved can take solace out of the provision made by the deceased to cater for them after […]

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insurance

Long-term insurance statistics – Pay-outs again reflect the importance and value of what we do

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 by the Association for Savings and Investment South Africa (ASISA) this represents an increase of R31.7 billion from the R491 billion injected into the economy in 2019 through payments made […]

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