Insurance group Sanlam Individual Life has published its claims data for 2021, showing the biggest death and funeral claims for its clients in South Africa.
The group paid R8.24 billion in claims last year – almost double what was paid to clients just four years ago in 2018.
“This may be related to the indirect effects of Covid-19, which saw lower levels of routine health checks during hard lockdown, or it may be caused by another factor. This is a trend we will have to watch closely.”The largest single death claim was R36.1 million, with a total of R7.2 billion paid for death claims in 2021.
Last year, 61% of severe illness claims were from people under 55 years, with cancer making up the bulk of the total claims in this category . The leading causes of disability claims related to bones, back, joints and connective tissue , diseases of the nervous system and sensory organs , and cancer .
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