SA earners live dangerously with too little death and disability cover
If you are like most South Africans, you are likely to be underinsured. But this isn’t a crowd you should be proud to belong to. Should you die or become disabled, you or your family will suffer
29 October 2019 - 16:32
On average, South Africans are short R2.2m in cover, the latest SA life and disability gap study shows.
The shortfall in life and risk assurance cover for the country as a whole is growing, with the insurance gap reaching almost R34.7-trillion for its 15.6-million income earners. This gap has widened by almost R6-trillion, or 6.4% a year, since the end of 2015, according to the 2019 Insurance Gap Study of the Association for Savings and Investment SA (Asisa). ..
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