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Home / Posts tagged “#funeralinsurance”

#funeralinsurance

Videos

Video interview: New mutual insurer enters the market

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Key regulatory and compliance developments: looking back at 2024 and what’s ahead in 2025

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Issues around Budget 3.0 with tax specialist Louis Botha

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FAIS Ombud orders funeral home to pay R20 000 claim after failed cover

Lebohang Funeral Home left policyholders exposed by failing to secure underwriting, misleading clients about their coverage, and refusing to pay a valid funeral claim.

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Key regulatory and compliance developments: looking back at 2024 and what’s ahead in 2025

Billy Seyffert unpacks 2024’s major compliance changes, from the two-pot retirement system to cybersecurity standards, offering practical advice to stay ahead in 2025.

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FSCA flags unauthorised investment schemes and funeral policies

An entity must be authorised by the FSCA and the Prudential Authority to issue insurance policies in South Africa.

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FSCA and PA to revamp funeral insurance regulations – call for stakeholder input

Inputs provided during workshops in 2025 will guide the formulation of ‘a pragmatic and balanced approach’ to the regulation and supervision of funeral insurance.

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Does ‘sitting on the mattress’ matter? Ombud rules on insurance policy dispute

The NFO decided that failing to follow customary mourning rituals did not prevent the recognition of a customary marriage, awarding the claim based on fairness.

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Common reasons life insurers reject death benefit claims

Life insurers paid almost 96% of death and funeral benefit claims last year – with the total payout worth R39.9 billion.

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Capitec to launch life cover product in June

The group’s after-tax profit from its insurance business increased by 12%, with its funeral plans now covering more than 12 million lives.

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Policyholder waiting for funeral policy payout after three years

The FAIS Ombud issues a determination after the FSP fails to follow through on its undertaking to settle the claim.

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Capitec’s funeral policy arrangement with Sanlam to end next year

Capitec Life will take over the administration of the in-force insurance book.

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Investment Rates

 

Updated 26 May 2025

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Money Market funds

Updated 26 May 2025

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Two-pot costs: members may foot the bill for years
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