InsuranceFundi is an insurance blog that produces informative content to assist you with your decision making when purchasing insurance. We also provide you with access to insurance products/quotes through various of South Africa's top insurance companies.
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Latest blog posts
Today we’re asking two questions: Is gap cover a waste of money? Is Zestlife just out there to take your money? Before we answer those questions, here are three things we hate about medical care in South Africa: Spending thousands of Rands a year on medical aid when...read more
Not sure whether we should be telling you this, but what the heck, we can’t help ourselves. First off, if you asked us what’s the one thing which has made Discovery Health so successful, we’d have to say Vitality. In fact, and this is a big statement to make, Vitality...read more
One thing is guaranteed…none of us are getting out of here alive. That’s why, if we have loved ones who depend on us, it makes perfect sense to own life insurance. Think about this for a moment…. There’s a risk almost as bad as dying, which is competing for top...read more
South Africa is in a technical recession and we're all feeling it. You don’t need a PhD in Economics to get the sense that this isn’t good news for the average South African who is already struggling to make ends meet. Hold up your hand if you are feeling the pinch?...read more
Boitumelo isn’t your average young women starting her first job. She’s also the head of a single parent household with a young son to take care of. Her story gets a lot more complicated. Her son lives with her mom in the Transkei while Boitumelo stays in Gauteng. Her...read more
Should you downgrade to a cheaper plan next year...or upgrade to a more expensive one? Today we're only looking at the Rands and Cents equation when making that decision. However, before we wax lyrical, none of this is going to make any sense unless you first download...read more
There is a car insurance advert that’s currently on TV (feels like we’ve seen it a million times already) where a charismatic young guy rolls around with “happy customers” in a car, chatting about how much money they’ve saved since switching. Hands up if you know...read more
We don’t have a great savings culture in South Africa. Perhaps it’s because we are battling to keep our proverbial heads above water, or maybe most of us simply have a “live for today” philosophy which is tough to shake. Either way government recognizes our “lack of...read more
The steps in taking out life insurance have never changed. In exchange for covering your risk (dying, without enough money to look after your family), the life insurer then accepts a regular payment from you called a premium. The day you eventually...read more
Not too long ago your medical aid scheme contributions were tax deductible within limits. Then, in March 2012, SARS did away with this system and introduced Medical Scheme Fees Tax Credits (MTC). Let’s look at two things: how it works, and why we...read more
What if I told you: “For every Rand spent with me on life insurance, I’ll invest up to one of my own Rands into an investment in your name"? Well, if it was me saying that, then I’d recommend you run for the hills, but if someone with more financial muscle is...read more
"I wouldn’t join Discovery Health if you paid me. They’re too expensive and they don’t pay your claims." We’ve heard this often enough, but how true is it? Is it a case of tall trees catching much wind? Hopefully, it’s good news although there is some bad news. So,...read more
If you aren't already invested in a Preservation Fund, then this one's especially for you. It could end up saving you money. However, if you're already invested in either a Pension or a Provident Preservation fund then it could prevent you from...read more
What should you do with your spare money? Stick it in a bank account or invest in a unit trust fund, managed by an asset manager? It really depends on your answers to a few questions which we will cover in this blog post. Before we get into those...read more
Can I borrow R3,000 until the end of the month? Terrible feeling that, having more month than money. But let’s be honest, most of us have been in a similar predicament at some or other point in our lives? First you hit the easy targets – mom and...read more
“We need R200,000 urgently. Can you cash in our preservation fund?” Remember in our previous article, how we received this request from a client followed shortly by a query: “Why were we only paid R130,000?” What a question to get first thing on a Monday morning, but...read more
When it comes to financial planning, we can think of only two types of people who wouldn’t be interested in a Will document: those who have no assets to mention, and those who are happily married and have no dependants at all. However, for the rest of us,...read more
“We need R200,000 urgently. Can you cash in our pension fund?” What seemed a simple enough instruction, turned out to be my biggest nightmare when I received a call from them two weeks later. “Why were we only paid R130,000?” Believe me, that’s not...read more
In a couple of days, I’m on my way to the Kruger Park, more specifically, on my way to the Letaba rest camp. But I’m facing a huge problem… You see, I’ve got to be at the Phalaborwa gate at six in the morning. But getting to Phalaborwa is proving to be the problem....read more
If you’re one of the lucky ones, here’s a snapshot of your life… You spend 18 years of it going to school. Maybe you’re fortunate enough to spend another 3 to 5 years attending University – which is what, 23 years in total – and then you start your career. You then...read more
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