Top 5 Long Term Insurance Companies In South Africa

By | September 2, 2021

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter

Long-term insurers

Discovery Holdings Limited (Discovery)

Liberty Holdings Limited (Liberty)

MMI Holdings Limited (MMI)

Old Mutual plc (Old Mutual)

Sanlam Limited (Sanlam)

Where can I complain about an insurance company?

You can either approach the grievance redressal cell of the consumer affairs department of Irda (complaints@irda. gov.in) or by calling on 155255 (or) 1800 4254 732, or fill in the complaint registration form available on Irda website.

Can you sue a insurance company?

Typically, a car insurance company will not sue its own clients. However, an auto insurance company could sue you if they believe you’ve participated in insurance fraud. In this case, prosecution by your insurance company is likely. Don’t try to scam your insurance company for more than you’re owed

Who regulates insurance companies?

Insurance companies in the United States are regulated primarily by the individual states. There is no federal regulatory agency that oversees insurance companies. The name of the insurance regulatory agency typically is “Department of Insurance”, “Division of Insurance,” “Insurance Bureau” or something similar

Which is the best life insurance company in South Africa?

Top life insurance companies in South Africa

  • Metropolitan Company.
  • Sanlam Company.
  • Old Mutual Company.
  • Discovery Life Company.
  • Liberty Life.
  • Momentum Life.