life policies
FRAUDULENT claims, particularly on direct funeral and life policies were often driven by financial desperation, with individuals resorting to deceit to maintain their standard of living, according to Hollard Life Solutions.
The Forensic Standing Committee of the Association for Savings and Investment South Africa (Asisa) in 2022 said life insurers and investment companies identified 8 931 cases of fraud and dishonesty, resulting in losses of approximately R77 million.
Fortunately, these companies were able to prevent losses amounting to R1.1
