Policyholders Protection rules by SAIA#ProgressiveTalk

The South African Insurance Associations says there are a set of rules that are designed to ensure that policyholder’s or potential policyholder’s interests are protected when transacting with the non-life or short-term insurance products. SAIA's Mosidi Shomang says the rules detail how insurance company should treat policyholders, product design and rights that policyholders have when purchasing and these rules are legislated as part of the Short-term Insurance Act No: 53 of 1998 under section 55.