Insurance 2018-02-13

Past claims, not gender, are the cause of the differentiated premiums. In 2012, the European Court of Justice issued a gender directive, prohibiting insurance companies from using gender as a risk ranking factor when applying for an insurance policy. According to Petrie Marx, an actuary at Sanlam, gender is still an important factor to take into account when determining premiums for an insurance policy in South Africa, especially for life covers. This criterion has particularly favoured women. Because of their longer life expectancy compared to men, South African women still pay lower premiums for life insurance.

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Insurance 2018-02-13

When selling your old car, one thing that races through your mind is the transferability of your extended car warranty cover. After all, it increases the price and demand for your car. Liza Harmse, Head of Risk Finance at Mutual & Federal Risk Financing (MFRF), gets you up to speed with what you need to know about transferring your motor warranty policy to a new owner.

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Medical 2018-02-08

You may be alarmed when your dentist asks whether you have gap cover. But don’t worry, it’s not what you think! 

According to Lianne Lutz, wealth coach at Women’s Wealth, gap cover is medical insurance that can be used in conjunction with your medical aid. 

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