Funeral policy fraud: know how to protect yourself
While insurers say that the number of claims found to be fraudulent remains ‘stable’, funeral insurance continues to attract a high incidence of fraud and dishonesty.
While insurers say that the number of claims found to be fraudulent remains ‘stable’, funeral insurance continues to attract a high incidence of fraud and dishonesty.
On Thursday, we focused on fraud in the funeral cover space. Today we look at how this manifested in Death, Disability, Hospital cash plans and Retrenchment cover space. South African life insurers reported […]
South African life insurers reported a 12% increase in fraudulent and dishonest claims across all lines of risk business in 2020, with a monetary increase of over R50 million. Some of the examples […]
Submitting a false claim or exaggerating a genuine claim is seen as a “drop in the ocean” in the finances of insurance companies, but the reality is very different. “Many people think insurance […]
Submitting a false claim or exaggerating a genuine claim is seen as a “drop in the ocean” in the finances of insurance companies, but the reality is very different. “Many people think insurance […]