Common reasons life insurers reject death benefit claims
Life insurers paid almost 96% of death and funeral benefit claims last year – with the total payout worth R39.9 billion.
Life insurers paid almost 96% of death and funeral benefit claims last year – with the total payout worth R39.9 billion.
Life insurance payouts rose in 2023, while Covid-19 claims fell sharply, indicating the virus’s shift from pandemic to endemic status.
Discovery Employee Benefits reports on claim trends in its 2023 financial year.