Life insurers pay out R39.5bn, with 95.6% of death claims honoured – Moonstone Information Refinery

Life insurers pay out R39.5bn, with 95.6% of death claims honoured – Moonstone Information Refinery

Life insurers continued to deliver on their promise in 2024, paying out R39.5 billion in death benefits and settling more than 95% of valid claims – a track record that has remained steady for four years. Figures from the Association for Savings and Investment South Africa’s annual death claims payout statistics show that members paid 873 825 death claims last year – 95.6% of all claims received. The total number of death claims processed was 91…