The Association for Savings and Investment South Africa (ASISA) is urging policyholders who unable to pay their monthly long-term insurance premiums to contact their life insurers to explore possible options for premium relief rather than allowing their debit orders to bounce or disputing the debit order.
The Association for Savings and Investment South Africa (ASISA) supports a statement by the Financial Sector Conduct Authority (FSCA) that the collection of blood samples and medical examinations as part of underwriting for new business does not qualify as an essential service and must be avoided.
The South African life insurance industry has more than double the legally required reserve buffers in place and is therefore well positioned to deal with the COVID-19 fallout over the coming months. The Association for Savings and Investment South Africa (ASISA) today released the new long-term insurance statistics gathered from ASISA members in line with the new regulatory reporting requirements introduced by the Insurance Act of 2018.
When stock markets crash and bad news just keeps on coming from all corners of the globe, panic is a natural reaction for many unit trust investors. Considering that the last significant market crash happened 11 years ago, this is also the first time that a new generation of unit trust investors would have been exposed to extreme market volatility.