Kaya 959 Kaya Biz

Life Insurers Claims Stats: 40 433 Claims Were Declined In 2024 For Reasons Such As dishonesty, fraud...

Loading player...
Guest - Gareth Friedlander, a member of the ASISA Life and Risk Board Committee.

Life insurance members of the Association for Savings and Investment South Africa (ASISA) settled 95.6% of death claims received in 2024, paying beneficiaries of life and funeral policies R39.5 billion in benefits.

The ASISA annual death claims payout statistics for 2024 show that life insurers processed 914 258 death claims against individual life, credit life, funeral and universal life policies. The statistics also show that 873 825 of these claims were paid and 40 433 claims were declined in 2024 for reasons such as dishonesty, fraud, or contractual exclusions like suicide within the first two years from when the policy was taken out.
13 Aug 2025 12PM English South Africa Business News · Investing

Other recent episodes

Careers Corner: Fixing Youth Unemployment by Starting at Age Four

With youth unemployment at 61%, Afrika Tikkun argues that South Africa is intervening far too late. Afrika Tikkun’s Marc Lubner explains why the Cradle‑to‑Career 360° model—from early childhood to job placement—is the missing link in solving the jobs crisis. A powerful conversation on early intervention, soft skills, agripreneurship, and rethinking…
15 Jun 4PM 14 min

Construction Confidence Slumps as Costs Surge

The FNB/BER Building Confidence Index drops to 38 as rising internal costs, Middle East conflict pressures, and project postponements hit the sector hard. FNB Senior Economist Siphamandla Mkhwanazi unpacks the collapse in subcontractor confidence, the reversal in non‑residential activity, and whether early‑pipeline indicators offer any hope for recovery.
15 Jun 4PM 9 min

SA Manufacturing Confidence Climbs Despite Cost Shock

The Q2 Absa Manufacturing Survey shows confidence rising even as business conditions deteriorate sharply. Sachin Chanderdhev, Sector Specialist for Manufacturing at Absa Business Banking. breaks down the paradox: record raw material spikes, shipping disruptions, fuel costs, and the 8.76% electricity tariff increase—and how manufacturers are still managing to adapt, negotiate…
15 Jun 3PM 14 min

Wealth Creation: What SA Women Get Right About Money

The inaugural Franc Wealth Index reveals a surprising truth: South African women outperform men financially — not because they earn more, but because they behave differently. Franc Co-Founder Sebastian Patel unpacks the behavioural edge, the confidence gap, and why consistency beats cleverness every time.
15 Jun 3PM 13 min

Black Ownership on the JSE, BMF Report Findings

A groundbreaking new report reveals that actual black ownership in the JSE Top 60 sits at just R255 billion—far below public perception. Monde Ndlovu, Managing Director of the Black Management Forum (BMF), joins us to unpack the myths, the measurement failures, the rise of broad‑based schemes, and the structural barriers…
15 Jun 3PM 24 min
All episodes