Risk implications of the new Road Accident Fund

The trigger for the cover is an accident (as opposed to illness) and the compensation is based on the sum insured you select on Death, Permanent Disability, Temporary Disability, and Medical Expenses. Medicals are not required and age acceptance limits generally commence at age 15 and expire at age 70. The new Road Accident Fund…

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Homeowners Insurance – Freedom of Choice

A landmark decision made by the Ombud for the Financial Service Providers has ruled against Nedbank Group Insurance Brokers for forcing the homeowner to insure via Nedbank.  In short Helena Dennis of Cape Town took a R400 000 home loan with Nedbank in March and complained to the FAIS Ombud when Nedbank refused to accept an…

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