Assurance life

Theron v AA Life Assurance Association Ltd. (218,93) 1995 ZASCA 61; 1995 (4) SA 361 (AD); 1995 2 All SA 581 (A) (25 May 1995)

South Africa: Supreme Court of Appeal You are here: SAFLII >> Databases >> South Africa: Supreme Court of Appeal >> 1995 >> [1995] ZASCA 61 Theron v AA Life Assurance Association Ltd. (218/93) [1995] ZASCA 61; 1995 (4) SA 361 (AD); [1995] 2 All SA 581 (A) (25 May 1995) IN THE SUPREME COURT OF SOUTH AFRICA VINCENT CHARLES THERON APPELLANT ASSOCIATION LIMITED RESPONDENT CORAM: HEFER, VIVIER et SCHUTZ JJA. The appellant is the nominated beneficiary under a life insurance policy issued by the respondent on the life of one Robert Geoffrey Fortuin ("the insured"). The policy provided, inter alia, for basic life cover of R100 000,00 and an additional accidental death...

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Introduction to Life Assurance - Financial advisers, investment and pensions advice and mortgage brokers in - Aldgate - Forum Wealth Management

Introduction to Life Assurance What Is Life Assurance The main purpose of Life Assurance is to provide money for those people who may depend on you financially, in the event that something should happen to you. These people could include family members or business partners. It can provide the reassurance of financial protection for you, your family and your business associates. A Life Assurance policy pays out a sum of money when the person who is covered by the plan dies. The money is intended to pay off any outstanding debts and support your dependants financially by providing them with a further lump sum or a regular income if you die. Even if there are no dependants who may be...

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Zurich Insurance sells Singapore life assurance business, Reuters

ZURICH, Jan 8 (Reuters) - Zurich Insurance is selling its Singapore life assurance business, with policies providing $4.5 billion of coverage, to Singapore Life as part of the Swiss group’s overhaul under Chief Executive Mario Greco. Singapore Life said it will become responsible for all the life, critical illness and disability policies of Zurich Life Singapore customers in the Asian country, with the transfer expected to be completed in the first half of 2018. Terms of the deal were not disclosed. The agreement follows Zurich Life Singapore’s closure to new business in December 2015 and does not affect any of Zurich’s other business in Singapore. David Kneale, chief...

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Life Assurance Premium Levy Help Centre

A 1% Government levy on life assurance payments was introduced as part of the 2009 Finance Act. As a result, Irish Life must collect 1% of payments to customer’s savings plans from 01 February 2010 and investment plans from 01 March 2010. This levy is collected by Irish Life and passed directly to the Revenue Commissioners. As an Irish Life customer you do not need to take any action, and the levy does not affect your entitlements under your plan. 1. What is the premium levy The Minister for Finance announced the introduction of a 1% levy on life assurance payments as part of his budget speech in April 2009. Under the Finance Act 2009, life assurance payments paid into both new and existing...

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ombudsman news: issue 129 - complaints about life assurance and critical illness cover

ombudsman news issue 129 complaints about life assurance and critical illness cover When someone makes a claim on life assurance or critical illness cover, they’re either bereaved or seriously ill. These experiences are distressing enough in themselves - so it’s understandable that problems involving these types of insurance can be extremely upsetting for the people involved. Critical illness cover can be taken out on its own - or it might be part of other insurance policies such as life or “term” assurance, mortgage endowment policies or “whole-of-life” policies. The complaints we see generally stem either from events around the time a policy was taken...

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