Insurance Articles

  • GENDER AND LIFE 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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  • 3 FAST FACTS ABOUT TRANSFERRING YOUR MOTOR WARRANTY POLICY

    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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  • TAKING OUT A FUNERAL POLICY FOR A PARENT

    2018-01-25

    Losing a loved one is a devastating time in any family and one that should not signal you having to worry about funeral expenses. For this reason, taking care of funeral plans in advance, when you are thinking more rationally can spare you the run around. 

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  • CAR INSURANCE EXTRAS – ARE THEY WORTH IT?

    2017-10-03

    These days car insurance providers offer more than just insurance for your car in the event of an accident, break in or breakdown. There are other perks wrapped up in the policy, some of which may be useful while others may not be used as often as they should. It’s really up to you to decide whether the price is worth it but the general consensus among experts is that you should take out insurance based on the cover that is provided and not be enticed by the ‘frills’ that are on offer.

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  • CHOOSING THE RIGHT CAR FOR LOWER PREMIUMS

    2017-10-03

    We all want to secure the lowest insurance premiums on our cars, whilst still receiving excellent service. These premiums are determined by our own demographics, such as our age, gender, and profession, as well as the type of car we own. It’s often assumed that the older a car is, the lower the premium will be. However, Lizette Erasmus, insurance expert at IntegriSure, pointed out that this is actually not the case. 

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  • HOW MUCH LIFE INSURANCE DOES YOUR SPOUSE NEED?

    2017-10-03

    With the rush of everyday life, people rarely consider what would happen to their spouses if they suddenly passed away. It’s impossible to anticipate when this might happen and, therefore, it’s crucial to plan ahead. “The passing of a loved one is not an easy event to contemplate,” said Joe Ekstein, head of iWYZE Life. 

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  • MYSTERY SHOP ON FUNERAL INSURANCE: WHICH FUNERAL INSURANCE PROVIDER IS THE CHEAPEST?

    2017-10-03

    Planning for the future includes planning for those unexpected events. Death being one of them. While it is not something that you may want to think about, ensuring that your family is taken care of after you die is one of the best gifts you can give them. But with so many funeral insurance providers, it may be difficult making a decision on which policy to choose.

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  • DO SENIOR DRIVERS PAY MORE FOR CAR INSURANCE?

    2017-10-03

    For many, a car is an essential asset that enables us to get from one destination to the next. Naturally, with any vehicle, car insurance is essential to ensure that you’re financially covered in the event of an accident. 

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  • WHAT DOES YOUR HOME INSURANCE COVER AND DO YOU REALLY NEED IT?

    2017-10-03

    Insurance, regardless of the type, is often seen as a grudge expense, until you need it. Whether it be vehicle insurance or home insurance, these are products that can save you hundreds, if not thousands of Rands, should something happen to damage or destroy these items.

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  • WHY YOU MUSTN’T CANCEL YOUR LIFE COVER

    2017-10-03

    Life cover can help your family financially when you are no longer around. The money can be used to cover immediate expenses through a cash pay-out, such as monthly bills and groceries, or can be tied to a big ticket item like a house or car, and pay off the outstanding amount on your death.

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Total Articles: 83