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Insurance gap increases only slightly, but not for a good reason
SA’s 14.3 million income-earners have enough life and disability insurance to cover only 45% of their total insurance needs.
Taxpayers should inform SARS if they have been unemployed for a full year or longer, to avoid being flagged as non-compliant.
Read moreSA’s 14.3 million income-earners have enough life and disability insurance to cover only 45% of their total insurance needs.
Alternatively, how much less households will have to spend following the loss of a breadwinner.
Yet younger income-earners will have to rely on insurance benefits for longer.
The families of South Africa’s 14 million income earners face a combined insurance shortfall of R28.8 trillion should these breadwinners die or become disabled. This amounts to an insurance gap – the difference between […]