Category: News
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Pulling punches to avoid a knock-out blow
As the name suggests, the focus of group risk benefits is to provide coverage for a group rather than meeting a specific individual’s precise needs. Further, with the average South African income earner holding cover for less than 40% of their needs in the event of their death, the important role group risk cover plays…
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Tackling a weighty issue
According to the World Bank, in 2013, the average South African has a life expectancy of 56.74 years. This is an increase of almost five years since 2005. However, we are also getting more obese. Approximately 61% of South Africans are overweight or obese, making us the most obese country in sub-Saharan Africa. Considering some…
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Insurance for the gig economy
The biggest risk for the self-employed is not being able to work due to illness or trauma. Maya Fisher-French discovers that insurance products are not designed for the self-employed The growth in the so-called gig economy is one of the biggest labour trends globally. This is when individuals with a specific set of skills leave mainstream employment…
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Ways to maintain your income when you can’t work
Income-protection disability cover that pays a monthly income is the best match to replace your income and should include temporary disability cover By Charlene Steenkamp A staggering 70% of South Africans will, in their lifetime, have a disability that will prevent them from earning an income either temporarily or permanently. Yet only 47% of South…
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How to choose the right group risk cover for your clients
By Schalk Malan In the modern world of work, there is an increasing need for employers to provide adequate employee benefits. When it comes to group risk cover, it’s becoming increasingly important to find a solution that matches the needs of everyone in a business. It’s no secret that the world of work, as we…
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Why do you need critical illness cover?
By Schalk Malan While medical and, possibly, gap cover can make provision for medical expenses, these insurance products are very unlikely to cover any gaps when it comes to the additional expenses like lifestyle changes that result from life-altering illnesses or injuries. For example, for a condition like paraplegia, a critical illness policy will help…
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How to choose the right group risk cover for your business
Your clients and business partners are likely to be your main focus when you start out as an entrepreneur. But as your venture grows into a fully operative business of scale, your employees will matter just as much. That’s why it’s important to ensure you provide adequate employee benefits, and when it comes to group…
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Challenging the status quo in financial services
By Samantha du Chenne At the most recent Financial Mail AdForum event, held in association with Ornico, the financial services sector came under the spotlight. Typically a competitive industry, financial services has been affected by the constrained economy and by a consumer base that doesn’t believe that bigger is always the best. With an alarming deficit of…
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BrightRock offering group risk cover
Life assurer BrightRock is entering the employee benefits space by offering group risk cover to employers. BrightRock has disrupted the individual life market with its needs-matched product, which matches clients’ needs at the outset and adapts their cover to their changing financial needs over time. Schalk Malan, the chief executive of BrightRock, says the company…
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BrightRock and Discovery are able to tap into what people need
While one incentivises truck drivers with airtime and chips, the other gets group cover right By Stephen Cranston In Roman times bread and circuses were the instruments to keep the ordinary man in check. The new post-millennial equivalent is burgers and airtime. Discovery Business Insurance aims to be the truck driver’s friend. It still offers…