EXPLAINER | For how long can I still claim unpaid benefits from a life policy or investment? | Fin24

Billions of rands in unclaimed benefits are being held by insurers, unit trust companies and retirement funds.

There are billions of rands of unclaimed benefits held by life insurance companies, unit trust companies and retirement funds. ASISA members have agreed not to rely on the Prescription Act in terms of which a claim can prescribe after three years. If the insurer or investment company has changed its name, the Financial Sector Conduct Authority should be able to advise you of the company's new name or whether a different insurer or investment house has possibly taken over all or part of the original insurer or investment house's business.

If a tracing agency is used, the tracing process can be audited by the life insurer or investment house.How the money will be invested?

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fitch affirms SA's long term debt rating at sub-investment grade, maintaining stable outlook - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Government has noted Fitch rating agency’s decision to affirm South Africa’s long term foreign and local currency debt ratings to sub-investment grade, while maintaining a stable outlook. Suzanne57810248 Hello someone from south Africa that has been investing with my company passed away last week and tell my company to give his profit out to his fellow south Africa ( R711,000,000 ) DM now if you are interested in getting it +27 78 306 7390
Source: SABCNews - 🏆 37. / 51 Read more »