Category: News
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Marriage is an emotional and financial package deal
Five key financial matters you need to consider before flying off on your honeymoon MARRIAGE is not only about taking care of each other’s emotional well-being, but also your mutual financial well-being. So while you’re planning a lifetime partnership with your loved one, here are five financial questions to ask once you’ve popped the question:…
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Loss of income is dangerously underestimated
You are nine times more likely to have a temporary disability than to have your car stolen or hijacked in SA, Brad Toerien, CE of life insurer FMI says. Most people don’t think twice about insuring their car, but few consider protecting the income that makes paying for it possible, he says. It costs about…
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It’s your funeral, so weigh these factors well
We unpack the many considerations when buying this insurance Funeral insurance is the most popular financial product in SA and there is lots of competition for your business, but it isn’t easy to compare policies to ensure you are getting a fair deal. If you ask a number of providers for quotes, you will find…
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BrightRock shows the way in innovation
BrightRock is no longer a small player: last year it had annual premium income of R1.6bn and new business of R433m At a time when insurtech businesses are cutting out the middleman, BrightRock, just seven years old, stands out as the poster child for the traditional intermediary-based model. Its total premium income was up 43%…
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Increase your cover with future insurability
Future insurability benefits mean that when you want to increase your life cover after a major life event such as the birth of a child, a marriage or divorce, you may be entitled to do so without undergoing a new under writing process. Make sure you understand how your policy works, as there are differences between…
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BrightRock announces 2018 business performance
BrightRock’s 2018 performance features strong growth and bright opportunities BrightRock achieves strong new business growth, with total premium income increasing by 43% year on year Total cover in-force now exceeds R250 billion Total in-force annualised premium income grows to R1.4 billion, with activated annualised premium income for the year of R433 million Lives covered grows…
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5 Things to Know about Group Risk Cover as an Employee Benefit
Group risk cover is likely to be one of the deductions on your pay cheque if you are receiving employee benefits as part of your monthly salary. But what exactly is it for, and how can it make a positive difference in your life? Schalk Malan, CEO of BrightRock, explains why you might not be…
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How BrightRock Is Disrupting The Insurance Industry With These 2 Pivotal Strategies
By Monique Verduyn Developments in technology, and clear communication are positioning BrightRock to disrupt their industry and transform the consumer experience. BrightRock was started around a dining room table in 2011 by four people with years of industry experience and — importantly — a diverse set of complementary skills. They wanted to make changes to an…
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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…