Number of life insurance policies in SA declined in first half, says Asisa
The Association for Savings and Investments SA says life insurers have paid out more than R1bn in premium relief to clients amid Covid-19
15 September 2020 - 10:54
SA life insurers have seen an overall decline in policies in force as lapses were greater than new policies bought in the first half of 2020, according to the Association for Savings and Investments SA (Asisa).
At the end of June 2020, there were 41.3-million individual recurring premium policies in force, compared to 42.5-million at the end of December 2019, representing a decline of 2.85%, Asisa said in a statement...
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