Tag: claims
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Interesting claims paid out for Group Risk cover
For many members who have Group Risk cover through their employer, this is the only cover that they have.
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BrightRock’s 2021 payout equal to all claims paid in its first 7 years in business
In 2021, BrightRock paid as many death claims as it did in the first seven years of its existence. The young life insurer, in which Sanlam acquired a majority stake in 2017, covers almost 2 million lives, but it paid out R1.25 billion in claims in one year.
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Are straightforward claims too complicated?
BrightRock occasionally come across a claim where we believe the terms of a pay-out should be straightforward, only to discover that this is not the usual industry view.
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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…