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Critical illness: Momentum Life Insurance urges comprehensive coverage planning
Momentum’s 2023 statistics show that 57% of death benefit claims were due to cardiac and cancer events, yet less than 81% of these claimants had critical illness cover.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreMomentum’s 2023 statistics show that 57% of death benefit claims were due to cardiac and cancer events, yet less than 81% of these claimants had critical illness cover.
Litigation between Trustco and the JSE over the group’s financial statements.
Inseta’s decision allows MBSE to continue offering its FETC Short-term Insurance and FETC Wealth Management qualifications.
The annual inflation rate remained unchanged at 5.2% in May, but it is still some way from the Reserve Bank’s target of 4.5%.
Draft Guidance Note 7A provides further guidance to accountable institutions about their Risk Management and Compliance Programme obligations.
ASISA provides a list of tell-tale signs that someone is trying to defraud you.
MultiChoice plans to use the up to R2.7 billion cash proceeds from the transaction for working capital purposes.
During National Youth Month, Marius Kemp from Santam emphasises the importance of insurance for young people, who often lack emergency savings.
The change is aimed at making the financial information of insurers more easily comparable across countries and industries.
The Financial Intelligence Centre has published its responses to the comments it received during the first round of consultations.
Mahesh Cooper, Allan Gray’s chief operating officer, is appointed as deputy chairman.
The Actuarial Society of South Africa urges retirement fund members to check their benefit statement to see whether they will qualify for a withdrawal.
Enrolments are open until 1 July for the Postgraduate Diploma in Financial Planning, a qualification designed to elevate careers in holistic financial planning.
The group’s 2023 claim statistics also note the steady increase in pay-outs arising from pregnancy complications.
The Authority emphasises that the investigation is not complete, and it has made no findings to date.
The SA Reserve Bank is concerned about the liquidity of the country’s financial markets and institutional investors’ exposure to government bonds.