Insurance gap increases only slightly, but not for a good reason
SA’s 14.3 million income-earners have enough life and disability insurance to cover only 45% of their total insurance needs.
The SARB has forfeited to the state cash totalling R42m from Berdine Odendaal’s bank accounts, as well as her R18m property in Paarl’s Val de Vie estate.
Read moreSA’s 14.3 million income-earners have enough life and disability insurance to cover only 45% of their total insurance needs.
Alternatively, how much less households will have to spend following the loss of a breadwinner.
Yet younger income-earners will have to rely on insurance benefits for longer.
The families of South Africa’s 14 million income earners face a combined insurance shortfall of R28.8 trillion should these breadwinners die or become disabled. This amounts to an insurance gap – the difference between […]