Why is it that two South Africans can insure the same make and model of car and still end up paying very different monthly premiums – sometimes by hundreds of rands? The reason is that insurers don’t only quote based on the vehicle itself. They...
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The insurance debate: Do I really need all that cover?
In this episode of the My Money, My Lifestyle podcast, I facilitated a spirited debate between financial planners Henri le Grange and Ben Nel about the complexities of choosing the right insurance cover. What I learnt from the discussion is that...
Money Bootcamp: The real cost of disability and how to plan for it
In our latest Money Bootcamp episode, myself and co-host Mapalo Makhu are joined by Nonhlanhla Bakasa, founder of AdoWord Multimedia, to discuss the reality of living with a disability. Nonhlanhla has been a "wheelchair rider" since the age of 12...
Listen: General and personal insurance unravelled
“Know your ombud” episode 5 In the latest episode of our Know Your Ombud series, I am joined by Edite Teixeira-Mckinon, the lead ombud for non-life insurance at the National Financial Ombud. Have you ever felt overwhelmed or confused by one of your...
Listen: Understand your long-term insurance
For most of us, long-term insurance is one of our biggest assets, yet we spend very little time understanding it. Am I over-insured? Does my company provide life insurance and how does that work? What is my premium pattern? Am I going to be able...
Listen: Unpacking a shared value insurance model
In the ever-evolving landscape of life insurance, Discovery Life uses a shared value insurance model to incentivise healthy living. In the latest episode of “Life Behind the Numbers”, a Discovery Life podcast series, I sit down with Gareth...
Listen: Understanding life cover
My biggest debit order after my mortgage, is for life cover. It’s a crucial part of my financial plan. In this sixth episode of the Santam Insure your Future Money Bootcamp, I’m joined by Mapalo Makhu and Johann Steyn, a certified financial planner...
Listen: How health screenings affect claims
In the latest episode of “Life Behind the Numbers”, a Discovery Life podcast series, I am joined by Discovery Life Deputy Chief Executive Gareth Friedlander and Chief Medical Officer Dr Maritha van der Walt, to discuss the significant impact that...
Listen: Safeguarding your child’s education and health
Welcome to "Life Behind the Numbers," a Discovery Life podcast series. Together with experts from Discovery Life, I delve into the latest trends from Discovery Life’s claims research, highlighting the need for both physical and financial protection...
Business Insurance: Where many are getting it wrong
Many businesses make common mistakes when it comes to taking out and then managing their business insurance policies. In the dynamic world of business, unexpected events can strike at any moment, threatening the stability of even the most...
Previous Articles
Life cover fraud on the rise
Life cover fraud has been in the spotlight following the harrowing case of former policewoman Rosemary Ndlovu, who was sentenced to life in prison for orchestrating the murders of six family members between 2012 and 2018 to reap insurance payouts. While not all...
Is there a nasty surprise in your short-term insurance contract?
When last did you read your short-term insurance contract? This year I was surprised to discover that the excess on both my car and building insurance had increased. While the premiums had not gone up significantly, the portion I would have to pay when making a claim...
Listen: Exposing hidden costs: the truth behind your insurance excess
Have you ever taken a close look at your short-term insurance policy? Do you know exactly what your insurance excess is? Not too many people do, but if you study your policy wording, it can be quite the eye-opener. In the latest episode of the My Money, My Lifestyle...
Email interception fraud – are you covered?
Email interception fraud takes place when criminals gain unauthorised access (via stolen usernames and passwords) to your private or business email accounts, allowing them to impersonate you or the business. “Email interception fraud allows the threat activator behind...
How an education protection plan works
Is it better to use life cover or an education protection plan to ensure that your child’s education is provided for in the event of your death? Every September, which is “Wills Month”, there is a focus on estate planning and drawing up your will. If you are...
Getting a life cover payout in 48 hours
Ensuring that your life cover includes an immediate payment benefit is the key to getting a partial payout in only 48 hours. One of the main reasons for taking out life cover is to provide for your dependants after your death. If you have family who are financially...
Choose the right level of life insurance
When it comes to my investments and life insurance, I often do thought experiments. I ask myself the question: “What would happen if…”. Asking these questions is important to help you understand whether you have a financial plan that meets your needs. For example,...
Unveiling the truth about loadshedding insurance
Are you confused about what your insurance covers when it comes to appliance damage due to loadshedding? Is loadshedding insurance part of your policy? In this article we debunk misconceptions and shed light on vital policy details to help you navigate the intricacies...
Stress and cancer claims on the rise
Liberty's claim statistics for 2022 indicate an increase in cancer claims as well as claims related to mental health issues. The statistics reveal concerning trends about South Africans’ health, as well as their state of mind. While death claims have fallen...
How much life cover do I really need?
When you have people who depend on you financially, life cover becomes a crucial part of your overall financial plan. But thinking about these issues at a young age can be a little overwhelming, and it's difficult to figure out the right level of cover. A reader,...