This is a very interesting press release from Discovery Health that argues that medical scheme costs are being driven by higher claims as more ill people sign up for medical schemes than healthy people. Actuarial research estimates that if medical...
It is important to review your vehicle insurance every year to insure that you have valued your car according to its replacement value. Insuring based on the replacement cost of your car not only saves you premiums but it is also important in the...
Getting excited about life insurance may sound like an oxymoron but as I sat through the presentation of new long term insurance company BrightRock that is exactly how I felt - finally I had found the life cover I have been waiting for. As I walked...
As medical cover costs increase many people are unable to afford even an entry level option on a medical scheme. There are other options in the market which provide at least some cover for basic medical needs. While people may be familiar with...
Many consumers are unaware of the fact that their life cover, short-term insurance and retirement annuities may offer retrenchment cover. Auto & General issued a press release this week reminding customers that they offer a premium waiver for...
A new South African survey has revealed that 82% of respondents leave expensive belongings in their cars overnight, not only exposing their motor vehicle to potential expensive break-ins but also leaving their personal and sometimes irreplaceable...
Seeing tow trucks parked at my local intersection recently reminded me of a scam whereby tow-truck drivers dupe unsuspecting accident victims into allowing them to tow the victims' vehicles. The scam involves the driver telling you he will call...
City Press was recently sent a copy of a loan agreement between a customer and micro-lender Letsatsi Finance. In this agreement Letsatsi Finance lent the customer R8000 and included insurance on the loan at a monthly cost of R320. According to the...
When you take out a loan or buy a car, you will often be encouraged to take out credit life which is an insurance to settle the loan should you die, become disabled or lose your job. While credit life has its place it can be abused and consumers...
Today I received a press release from an insurance company which made me realise I have been very lax about my security. The article raised the point that most people do not change their locks when they move into a new home. I just realised I never...
South African consumers may be buying cars with alacrity, but the cost of running a car isn’t insignificant. With this in mind, Chris de Kock, executive head of sales and marketing at WesBank, has come up with some tips to help us all save on our monthly car expenses....
Companies with footprints in the Middle East and North Africa are probably more interested in political risk and insurance than in the markets right now. With Libya in chaos and with tensions in Bahrain and Yemen escalating, it's fair to say the region is chronically...
The ombudsman for long-term insurance mediates in disputes between members of the long-term insurance industry and policyholders. The service is free and the ombudsman helps to resolve disputes quickly, through mediation and with cost-effectiveness in mind. When...
An effective early-warning system is the best personal risk-management tool you can have. Your personal safety should be your first concern – not the premium discount you get if you don't have an alarm. But you need to make sure you use your alarm system as...
With white-collar crime on the rise, you might want to keep an eye on your bank statements and salary slips every month. The life insurance industry and the Association for Savings and Investment South Africa (Asisa) are urging people to be aware of an increase in...
When it comes to car insurance excess, a lot of us are stumped. What do we pay? When do we have to pay it? How can we avoid paying it? Simply put, excess is the amount you elect to pay in order to self-insure, which you agree to when you take out an insurance policy....
As the rand fluctuates, you might want to look into the replacement value of any imported goods you may have – Italian tiles and carpets, for example, or a Miele kitchen (which can cost R500 000 to install). A fluctuation in the exchange rate on half a million rand...
Pay off debt: It is always best to pay off high interest debt like your credit card. If you want to use your credit card for convenience set up a debit order so that it is paid in full at the end of every month. Emergency fund: Everyone should have an emergency fund....