Life insurer Liberty announced that it paid out a substantial R12 billion in death, disability, and income protection claims to over 120,000 beneficiaries throughout 2024. This impressive figure reflects the volume of Liberty insurance claims processed last year. The statistics shed light on evolving claiming patterns. There is a concerning underinsurance gap among women and a notable increase in claims…
Tag: Life Insurance
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Suicide Leads Unnatural Deaths in Discovery Life Data
Discovery Life’s 2024 payout data is stark. It shows a rise in claims for unnatural deaths. Suicide leads all unnatural deaths and has become the most significant cause. It alarmingly surpasses road accidents and crime. The report highlights a staggering statistic. 35% of these claims were for suicide. This puts it ahead of road accidents at 23%. Crime-related deaths accounted…