http://www.itinews.co.zaThe complete South African Financial Services News and Information PortalCopyright (C) 2006editor@itinews.co.zawebmaster@itinews.co.zaenITINews RSS Generatorhttp://www.itinews.co.za/news.aspx?categoryid=9&subcategoryid=1165&itemid=fadc5ad7-ecf7-45bc-980a-8a9a73d53ff2And other questions you may have on Life Insurance - Petrie Marx, an actuary in product development from Sanlam Personal Finance answers some questions editor@itinews.co.za (Edited by ITInews)Thu, 13 Jan 2011 12:00:00 AM GMThttp://www.itinews.co.za/news.aspx?categoryid=9&subcategoryid=1239&itemid=667094d7-52e5-43b9-abb7-f55ad6f3a4daMicroinsurance refers to insurance products especially designed for low-income individuals - Swiss Re's latest sigma study "Microinsurance - risk protection for 4 billion people" emphasises the relevance of microinsurance as an effective and viable risk management solution for low-income individuals. editor@itinews.co.za (Edited by ITInews)Wed, 15 Dec 2010 12:00:00 AM GMThttp://www.itinews.co.za/news.aspx?categoryid=9&subcategoryid=1219&itemid=ffbfb7ae-253b-40ba-a6e1-76764542125fCompulsory but free to choose - It is doubtful the provisions of the National Credit Act 2005 will curb the practice concerning compulsory insurance. Most lenders require some form of credit life to secure a loan in the event the borrower dies or, in some cases, becomes disabled and cannot earn a living.nigel@insurance-times.net (Nigel Benetton)Wed, 19 Sep 2007 12:00:00 AM GMThttp://www.itinews.co.za/news.aspx?categoryid=9&subcategoryid=1165&itemid=8fdb5fa0-1f9a-4da2-be6c-802549ef7a78Important that policyholders have access to the service of a reputable financial adviser - Policyholders are however well advised to discuss any change in their financial needs with their financial advisers or brokers.editor@itinews.co.za (Piet Spreeuwenberg)Wed, 13 Dec 2006 12:00:00 AM GMThttp://www.itinews.co.za/news.aspx?categoryid=9&subcategoryid=1085&itemid=80cb8e49-65e4-4b80-b423-14cd0bfe5c4dDI underwriters require a different level of information than their life counterparts - When it comes to selling disability income insurance, I'm not sure which is the bigger obstacle: the overall lack of awareness among the general public about this much-needed income protection product or the persistent belief in DI underwriting "horror stories" on the part of producers.editor@itinews.co.za (Kevin G. Mealey)Mon, 13 Mar 2006 12:00:00 AM GMThttp://www.itinews.co.za/news.aspx?categoryid=9&subcategoryid=1085&itemid=30eb4e8f-44a4-46b7-824f-b8b1afaac009Supportive employers make a difference - It is apparent that government is actively addressing the issue of discrimination against disabled employees in the workplace. Since the introduction of the Labour Relations Act of 1995, the government has also introduced the Employment Equity Act and the Code of Good Practice on key aspects of disability in the workplace.editor@itinews.co.za (Edited by ITInews)Wed, 02 Nov 2005 12:00:00 AM GMThttp://www.itinews.co.za/news.aspx?categoryid=9&subcategoryid=1165&itemid=9a039825-897d-4a72-bdd0-f42244a253fdStruggling for growth - According to Guardrisk research shows that only 9% of South Africans have a pension fund and 11% have life assurance. nigel@insurance-times.net (Nigel Benetton)Tue, 27 Sep 2005 12:00:00 AM GMThttp://www.itinews.co.za/news.aspx?categoryid=9&subcategoryid=1192&itemid=5b0f3b83-4006-4f91-bc99-bd4dbee6b44dProvided it makes provision for fair compensation for the broker. - It notes that the proposal for commission reform tabled by the Life Offices' Association on 6th June 2005 "represents a significant move away from the current framework." nigel@insurance-times.net (Nigel Benetton)Wed, 07 Sep 2005 12:00:00 AM GMThttp://www.itinews.co.za/news.aspx?categoryid=9&subcategoryid=1192&itemid=541ec0e5-1fe0-4edd-80ef-161e3f8fade7Insurance brokers call for a wider investigation - The Insurance Brokers' Council (IBC) and the Association of Black Insurance Brokers (ABIB) have delivered a proposal to National Treasury concerning the problems of high costs and low levels of investment returns in the life assurance industry.nigel@insurance-times.net (Nigel Benetton)Mon, 05 Sep 2005 12:00:00 AM GMThttp://www.itinews.co.za/news.aspx?categoryid=9&subcategoryid=1192&itemid=b45436fe-e459-4578-a9b5-cbd7d992828aComment on life commission proposals - Despite the obvious, the life industry has continually ignored demands for reform. To be fair it would be difficult for one assurer to change its commission structure when its competitors held on to the old model. It would simply have lost loads of business because brokers would rather sell policies that gave them upfront commissions. It was always a case of all of nothing, which is why the LOA's proposals are so important and significant.nigel@insurance-times.net (Nigel Benetton)Fri, 02 Sep 2005 12:00:00 AM GMT