ویڈیو دیکھنے کے لئے اوپر تصویر پر کلک کریں
Credit life insurance provides cover in the event of you having outstanding debt when you die. It usually also pays out if you are disabled or retrenched. Globally, it is by far the most common form of long-term insurance by number of policies sold, although it can be a short-term insurance product, too. And although the premiums are usually low, profit margins are high, according to “Treating customers fairly: questions for the actuarial profession”, a 2014 paper by actuaries Rob Rusconi, Paul Truyens and the Actuarial Society’s Treating Customers Fairly Committee.
In South Africa, there has been widespread abuse of consumers who have this cover – from mis-selling to gross over-charging. The publication of regulations is imminent, but until these are in place, it’s a case of consumer beware.
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admin October 25, 2016
Posted In: Uncategorized