The Covid-19 pandemic is a health crisis, but it is not the only crisis we will experience. What we can do is learn from it and start finding ways to make sure we are better prepared for the next crisis, writes Maya Fisher-French.
. Life insurers have said they will assess requests on a case-by-case basis.
Hennie de Villiers of the Association for Savings and Investment SA says: “Life insurers have looked into ways of making premium relief possible for policyholders who have been in good standing.. Medical aid schemes will allow you to use your medical savings account to pay for premiums or to downgrade your plan.Damian McHugh of Momentum Health Solutions says: “That will take the form of a deferment of premiums and then paying that back over a period of 12 months.
. Short-term insurers are also offering discounts on car insurance as the risks of accidents are reduced during the lockdown. The SA Insurance Association says: “Individual insurance companies have already and will continue to put different measures in place to assist policyholders.”
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