Choosing the best life insurance for your clients is about more than comparing prices. It’s about ensuring the cover meets their unique risks and needs, from income protection to cancer care, says Bidvest Life’s Mark Neil.
The group’s latest trading update discloses a 19% surge in gross flows and a rebound in net client cash flows.
The group’s new business volumes in life insurance grew by 12%, while net operational earnings rose by 17%.
The industry lost at least R175.9 million last year but prevented losses of R1.5 billion through enhanced detection efforts, says ASISA.
Following its recent purchase of 1Life, Clientèle has signed an agreement to buy micro-insurer Emerald Life.
Bidvest Life’s Nic Smit suggests shifting from the traditional approach of leading with death coverage to focusing on income protection when engaging younger clients.
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.
Non-life insurers bounced back from a loss of R16.7bn in 2022 to a profit of R13.7bn in 2023, while life insurers posted significant profit growth, says KPMG.
ASISA advises consumers to take a holistic view of their finances and avoid hasty decisions that could leave them unprotected.
The High Court overturns a Regional Court’s decision that allowed a policyholder to cancel her five-year endowment policy early.
Various financial practices will provide essential insights and guidance to young professionals at an event in Cape Town.
The financial services group reports a 17% rise in normalised operating profit to R11.6bn, with strong performance from its South African businesses.
Sanlam gained market share in individual underwritten life insurance, supported by strong single-premium growth and stable persistency in the affluent segment.
Life insurers paid almost 96% of death and funeral benefit claims last year – with the total payout worth R39.9 billion.
The Dollar Life Plan provides protection against the high cost of specialised medical treatment or studying in a foreign university.
CEO Michele Jennings says glu targets a wider audience with straightforward products and digital innovation.
The allocation to members’ Profit-Share Accounts soars from R620 million to R4.54 billion thanks to strong investment returns.
