JOHANNESBURG - South Africa’s insurance protection gap has widened dramatically.
The latest study from the Association for Savings and Investment South Africa reveals that the country’s life and disability insurance shortfall has reached a staggering R50.4-trillion,
seven times more than South Africa's GDP.
This means millions of South Africans may not have enough cover to protect their families if tragedy strikes.
Vera Nagtegaal, CEO of Vouch SA, unpacks what this means and how consumers can close this gap.