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Avoid expensive medical aid premiums

The sooner you join a medical aid, the better. Here's why: The number of years you have been/not been on a registered medical aid in South Africa can have a big impact on your premium. Any medical aid you consider joining can load your premium according to the Medical Schemes Act.   Years count in your favour The medical aid will take your age and deduct it from age 35, which will give the number of years you need to prove you have been on a registered medical aid in South Africa. There will be no loading if you have proof of being on medical aid for all those years. If there is no proof, you can expect the following: • 1 to 4 years = 5% loading • 5 to 14 years = 25% loading • 15 to 24 years = 50% loading • 25+ years = 75% loading   Pre-existing condi

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Short-term insurance FAQs

Why do I need insurance? We all face some sort of risk on a daily basis. The risk increases dramatically when you live in a country like South Africa. What is a risk? It is that unforeseen event, the unpredictability of factors that can result in a gain or loss. The risks we want to avoid is the risks that can cause a financial loss. That is why insurance is so important to protect ourselves against unforeseen and unpredictable events such as accidents, fire, theft and so much more. Insurance protects you against a financial setback and helps recover you into the position you were before the event. Why do I have to pay an excess? Most policies contain excesses, which is designed to eliminate small losses. Policy excess compels you to share in the financial loss. It also helps in k

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Short-term insurance 101

The more you know about insurance and how the industry works, the better prepared you will be, and the more money you can save. The following are key factors that insurers use to determine the price of car insurance: • Age: If you’re young, your risk of being in a vehicle accident is statistically much higher. You can’t do anything about your age, but some insurers may penalise you less than others. • Claims history: Safe drivers are rewarded with lower insurance premiums. Your history of making claims will directly affect the cost of your insurance. The more you use insurance, the more your insurance will cost. • Credit history: Insurance companies have determined that there is a direct correlation between your credit history and your risk. • Use of vehicle: The

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LIVE ON EXPRESSO: Why do we need a Disability Cover?

Part 1 [embed]https://youtu.be/3q68i5dW8YY[/embed] Part 2 [embed]https://youtu.be/PVaZs19cTHQ[/embed] Part 3 [embed]https://youtu.be/M45TtXSh7Zg[/embed]

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