Sanlam flags increase in sickness and disability claims among younger policyholders
The group’s 2023 claim statistics also note the steady increase in pay-outs arising from pregnancy complications.
The group’s 2023 claim statistics also note the steady increase in pay-outs arising from pregnancy complications.
Claims for cancer treatment and maintenance therapy rose by almost 8% in 2023.
The reduction in Covid-19-related death claims in 2022 was offset by increasing morbidity trends.
Statistics indicate a rise in income protection claims resulting from diagnoses for mental and behavioural disorders.
Another trend is the marked increase in death claims due to heart conditions and cancer.
Both private healthcare and public healthcare are negatively affected by costing factors beyond their control.
Discovery Life paid claims to the value of R11.79 billion last year, of which R9.1bn was for more than 10 000 individual life claims – an 89% increase in the value of individual […]