Train wreck or migraine? What kinds of claims do we receive?
What comes to mind when you hear the term ‘disability’? A freak accident leading to a permanent lifestyle change? The truth is that most disabilities are temporary in nature and can happen as the result of daily activities or illnesses. In the insurance industry, the term ‘disability’ covers a wide range of illnesses or injuries that prevent a person from working and generating an income. The following are just some of the claims we’ve received in the past year.
|REASON FOR CLAIM||TOTAL PAY-OUT AMOUNT PER CLAIM|
|Injured left ankle||R69 041|
|Caesarean section||R46 298|
|Severe gastro-enteritis||R29 589|
|Abdominal hysterectomy||R20 712|
|Cardiomyopathy and pacemaker insertion||R14 360|
|Lumbar spine iInjury||R12 772|
|Cataract removal||R11 357|
|Removal of kidney stones||R9 863|
|Accidental stab wound to left hand||R3 452|
Our claims records reveal that most of our claims are temporary in nature. We also know that a person is far more likely to suffer a temporary disability than a permanent one and that most claims last less than 30 days but can have huge financial implications.
That’s why we emphasise the importance of Temporary Income Protection that provides cover from Day 1.
Please contact me for more information.