Life policy prices on hold despite Covid toll

Insurance companies aren’t yet looking at raising prices for policies

25 October 2020 - 00:08 By JANE STEINACKER

SA’s insurance companies have seen a surge in life insurance claims related to Covid-19 — but they aren’t yet looking at raising prices for policies.

Jenny Ingram, head of product development and pricing for life insurance at Momentum, said this week the group’s claims payouts to date are at a record high of R4.6bn, 30% up from the previous year...

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