Liberty halts the sale of its income protector products
Uncertainty about Covid-19 pandemic makes it too difficult to responsibly price new cover, insurer says
07 April 2020 - 20:00
Liberty Life, one of the country’s largest insurers, said on Tuesday that it will suspend the selling of certain types of insurance on loss of income due to the uncertainty created by the coronavirus pandemic.
The company will temporarily suspend selling its income protector products related to retrenchment, business overheads and loan protection with immediate effect. Income protector products provide cover to people who endure a loss of income if they become sick or injured...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.