Category Archives

Archive of posts published in the category: news
Jul
14

The End of Funeral Plan Sales to South Africa’s Poor

Funeral plan sales to the poor are coming to an end. Parents and guardians have not been able to use their child support grants the way they should be. They’re battling to provide the children in their care with food. Because of unauthorised…

Jul
13

Loan and Credit Card Funerals on the Rise in the United Kingdom

Almost 25% of the people in Britain have had to resort to Credit card funerals to pay for a decent funeral for a loved one. This is a whopping 2.7 million adult citizens. They want to give their friends and family the funeral…

Jul
13

SASSA Child Grants Can’t be Used to Fund Funeral Policies

In South Africa, poor parents get a grant to assist in raising their children. These are named SASSA child grants. The grant is in the region of R350 a month. The South African Social Security Agency (SASSA) pays this award in various ways.…

Jul
13

More Complaints to the Ombudsman

Few people envy the life of an ombudsman. Although insurers and brokers should resolve insurance problems, many land up as complaints to the Ombudsman. In 2016 the ombudsman received more complaints than ever. There are quite a few requirements for complaining to the…

Jun
5

Mohammed Ali Funeral “Open to All’

Would you invite the entire world to the funeral of a loved one? Well, the Cassius Clay aka Mohammed Ali funeral is “open to all”, his family has announced. At a press briefing held at the Camelback Inn in Paradise Valley, Arizona on…

May
22

New Rules about Selling Funeral Plans to SASSA Card Holders

SASSA is the name of South Africa’s social welfare system, which pays out the subsidies. People draw their grants using SASSA cards. A huge portion of social spending goes towards social subsidies for millions of poor people. And they get this cash monthly. The money…

May
19

Sanlam Defends Funeral Insurance Deductions from Grants

Johannesburg – May 18, 2016 – Sanlam Ltd has sold funeral policies for children on welfare. Now the company has locked horns with the South African Government. The South African Social Security Agency (SASSA) gets many complaints about these deductions from people who…

Apr
27

DA Finds Evidence of Illegal Funeral Cover Deduction on SASSA Cards

The DA has found evidence of illegal funeral cover deductions on SASSA cards. They were investigating the scale of alleged illegal deductions from SA Social Security Agency (SASSA) social grants. The DA said it was unacceptable that the scam affected the most vulnerable…

Apr
23

HIV Positive Clients at Old Mutual Get Windfall

HIV Positive people are starting to live longer than people expected. Due to medical research and improved medicines, they have a much better chance of getting older. Because of this, Old Mutual has released a percentage of their reserves they have built up over the years…

Apr
12

Assupol has the Best Funeral Plans in South Africa

The Best Funeral Plans in South Africa are at your fingertips! With the Best Insurer Southern Africa Award for 2015 going to Assupol by Capital Finance International (CFI) you are in good hands. The awarding of this accolade is more than a recognition of the…