TCOB: Understanding the preferences of different generations in purchasing life insurance

Loading player...

Recent data from ASISA Gap Study found that individuals aged between 30 and 39 (Millennials) years often find themselves underinsured by an average of R1.4 million. Unlike previous generations, Millennials and Gen Z in South Africa are delaying major life milestones such as marriage, parenthood, and property ownership. These delays have, in turn, translate into a later uptake of life insurance.

Wandile Mazibuko spoke to Steve Piper who is the Head of Underwritten Intermediary Sales at Hollard Life Solutions to look into the notable disparity that continues to emerge in the buying habits and preferences of the Millennials and Gen Z generation

24 Jun English South Africa Business News

Other recent episodes

TCOB: The 2024 Annual Prevention Conference at The Capital in Mbombela

The 2024 Annual Prevention Conference at The Capital in Mbombela on Thursday, 19 September. This event is a significant gathering in the metal industry, where subject matter experts discussed the latest innovations and engaged with key leaders in Health and Safety. The RMA Prevention Programme, led by Dr. Jessica Hutching—an…

19 Sep 8 min

TCOB: Thuli Shongwe of Bayede! Wines

Bayede! differentiates itself by embodying a brand that portrays African traditions and heritage. The brand is about storytelling, a true authentic brand with 200 years of history. The fundamentals of creating employment and empowering previously disadvantaged communities. All their wines are endorsed by HM King Goodwill Zwelithini, the King of…

19 Sep 9 min

Lee-Ann Hendry from Bond Nest speaks about the need for ongoing innovation in serving the South African home-buyer

In an industry marked by rapid change and growing demands, the South African property market stands on the edge of a significant transformation. With economic uncertainties on the rise, real estate agents face unprecedented challenges, now tasked with finding innovative ways to secure stable incomes while also navigating the complexities…

18 Sep 8 min

TCOB: Making cents of why SMART goals beat TikTok trends

Social media wields unprecedented influence over lifestyle choices, from dietary habits to reading lists and even financial decisions. A recent GOBankingRates survey revealed that 34% of Gen Zs rely on TikTok for financial advice. Jean Rossouw is Head of CSI and Financial Education at Capitec and she urges individuals to…

11 Sep 11 min

TCOB: Chinese car brands accelerate in South Africa despite market challenges

Chinese car brands are experiencing a surge in popularity across South Africa, defying market challenges. Despite overall retail sales facing pressure, the number of Chinese cars financed by Standard Bank Vehicle Finance has consistently increased year-on-year since 2022. We spoke to the Head of Dealer Sales and Marketing, Non-Metro at…

11 Sep 9 min

All episodes