Life insurance can provide a financial payment to your family and loved ones upon your death. When you purchase a life insurance policy, you name a beneficiary who will receive the death benefit specified in the policy upon your death. You can name either a revocable or irrevocable beneficiary. Regardless of the type of beneficiary … Read more
Motor insurance is mandated by law in every country around the world because of the very fact that you are plying a motorized vehicle on the public road endangering other road users due to probable accidents which may result in damage to properties & accidental injury, be it other users or pedestrians. Imagine cruising down … Read more
Insurance An insurance is a legal contract between an insurer and a policyholder represented by a policy document to protect the financial interest of the insured/ policyholder in the event of mishaps, for agreed payment of consideration called premium. Insurer The insurance company that accepts premium from the policyholder for covering the risks and agrees … Read more
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. The amount of money paid by an individual or organization for insurance (cover/protection) to an insurance company is called the premium. Benefits of insurance
Health insurance is a type of insurance coverage that covers the cost of an insured individual’s medical and surgical expenses. … Depending on the type of health insurance coverage, either the insured pays costs out of pocket and is then reimbursed, or the insurer makes payments directly to the provider. Health insurance, also known as … Read more
Life insurance is a contract between an individual and an insurer, where the insurer guarantees a sum of money to the policyholder’s beneficiaries upon the insured’s death, in exchange for regular premium payments. This financial product can serve various purposes, including debt settlement, income replacement, and funding for future expenses, like children’s education. Types of … Read more
In South Africa, choosing the insurance provision can be challenging due to the variety of options available. With a range of providers offering different coverage types, it’s crucial for consumers to choose wisely. This article outlines the top 10 insurance companies in South Africa, evaluating who offers the best coverage in various categories. These are … Read more
Understanding insurance market in South Africa is crucial for both consumers and businesses looking to secure their assets and mitigate risks. In this article, we will explore the various facets of South Africa’s insurance landscape, its regulatory environment, key players, market trends, and the challenges it faces. The Structure of South Africa’s Insurance Market South … Read more