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Cost of living burden shows in surrendered insurance policies

The financial squeeze on South Africans has shown increasing numbers of consumers stopping their risk insurance premiums and cashing investment policies. ....

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SA households' insurance gap reaches R34.4 trillion – 15 times higher than the national budget

South African households are R34.4 trillion short of insurance they need to replace breadwinners' incomes. ....

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South Africans are cutting expenses to make it to the end of the month

South Africans are cutting expenses to make it to the end of the month
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Consumers cash out life policies, stop paying premiums...

Economic pressure has led to a significant rise in life assurance policies rendered inactive due to non-payment and in policies being cashed out. ....

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Death claims during SA's Omicron wave closer to pre-pandemic levels, say life insurers

South African life insurers received fewer death claims during the fourth wave of Covid-19 compared to prior surges. ....

South Africa , South African , Risk Board Committee , Association For Savings , Investment South , Investment South Africa , Hennie De Villiers , Business Insider ,