Personal Finance | Increase in depression and cancer diagnoses are driving up insurance claims | City Press

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Personal Finance | While death claims have fallen significantly since 2021, when the Covid-19 Delta variant claimed the lives of so many, other claims are on the rise. Claims for critical illness and lump sum income protection rose by 13%

Claims paid due to death decreased by 38% compared with 2021. However, claims for critical illness and lump sum income protection rose by 13%. The main driver of these has been cancer claims. Liberty has also seen a rise in claims for mental illness, including depression. Photo: Getty Images

While death claims have fallen significantly since 2021, when the Covid-19 Delta variant claimed the lives of so many, other claims are on the rise.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

 

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Personal Finance | How to select the right life and disability cover for you and your family's needs | City PressPutting together the right blend of insurance cover for your needs is important. We should not only be focused on insuring death, because during our working life we are statistically more likely to suffer from an event such as illness or disability
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