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• Ensure that your insurance broker is registered with and licensed by the FSB – Financial Services Board.
• Always remember to ask to see your broker’s license; this will indicate what kind of product can be sold by the broker.
• If you withhold any information even if it is not intentional, this is usually one of the primary reasons a claim will be rejected by the insurance company.
• Your financial advisor will do a risk analysis prior to a package or insurance product being sold to you.
• Tax implications should and must be explained in detail at point of sale.
• Financial advisers are licensed according to their qualifications and experience for the kind of planning they are permitted to sell.
• The experts recommend that financial advisers belong to a professional group, for example the Financial Intermediaries Association of South Africa.
• The reason for belonging to a group such as this is that the financial adviser will be kept up to speed at all times regarding any changes in the law and industry developments.
• The dealings of the financial adviser will be scrutinized at all times for ethical reasons.
• If you prefer not to go this route, you can easily compare quotes from various insurance companies so that you will find the best product at the best prices.

For more pointers on long term cover, contact us today; to move forward regarding long term cover, simply drop us a line or email for further information.

* Insurance fraud is far more common than we realize; individuals often claim when their possessions get a little old and would like to replace these items.
* Insurance companies do not take kindly to fraudsters, and if you do commit insurance fraud you could find land in a lot of trouble; even a jail sentence.
* Hula-hoop fraud happens when an owner of a car organizes his car to be stolen and shares the insurance profit with fraudsters.
* There is a toll free confidential fraud line available should you think that someone is committing fraud.
* There is no difference between fraud and theft.
There are two sets of rules and regulations that will assist in taking care and looking after the interests of the investor for both long and short-term insurance. The main purpose of these regulations is to protect the interests of the client against scam artists and callous insurance brokers:
 * The FAIS Act requires that you are given suitable financial counsel and products. The PPRS is there to make certain that all dealings entered into by your insurance broker is moral.
  * All documentation should not mislead the public and therefore not be ambiguous.
 * The consumer has a right to know all costs, charges, value amounts as well as any commissions that are relevant to any policy.
* Financial advisers are not permitted to sell you any products of a monetary services company.
 * You are at liberty to cancel an agreement where you have not been paid out within a thirty day period after you receive the synopsis of the insurance policy.
For more on insurance policies and insurance fraud, you are in the right place to further your knowledge; all you have to do is to contact us in order to find out more regarding this essential information.
 

We often stumble upon the different terminology of life assurance and life insurance, and ask ourselves what is the difference if there is a difference at all?
Life insurance is the provisions of  cover for an incident that might occur, whereas life assurance is the provision of an event that will most certainly take place; take not of the differences in the terminology of note the difference in the words ‘might’ and ‘most certainly’.
A life insurance policy is taken out in the event of your death, ensuring that there is no shortfall or drop in standard of living when you die. The life insurance policy will pay out your policy to your beneficiary for the agreed sum on your passing.
Life assurance, on the other hand is that payment will always be carried out. An investment is added together with the insured amount, which means that over a certain period of time the value of the life assurance policy will increase. In the event of the death of the policy holder, the amount of the life assurance policy plus the extra accumulated monies will be paid across to the beneficiary.
The area between life insurance and life assurance is a little hazy, with numerous packages offered for both types of policies and are really quite similar.
This is the reason why insurance companies offer numerous informative guides to help the client along.
 You have landed on the right page if it is life insurance or life assurance you need to know more about.

Insurance comprises a very large portion of any modern financial market, and insurance fraud is one of the biggest scams that people try to perpetrate on a daily basis.  To put it simply, insurance fraud is any act that is committed with the intent of obtaining money from an insurance company fraudulently.  There are many different types of scams and frauds that take place, and insurance companies have many ways of determining who is committing fraud and taking actions to stop the fraud.

The single most common type of insurance fraud is false claims.  A false claim is when somebody files a claim when nothing has actually occurred, or the damage was fraudulently committed.  Auto insurance has the highest rate of false claims because they are relatively easy to commit.  For example, somebody may damage their own vehicle by hitting a tree, and then claiming they accidentally drove off the road.  The aim of this is to get a payout from the insurance company and then never fix the car.  Another example of insurance fraud would be taking a life insurance policy out on somebody and then setting up a plot to kill the person or otherwise eliminate them.

Insurance fraud is always caused by one motive: financial gain.  There are a variety of methods that scammers use to try to beat the system.  The most common method is inflating the loss that someone has incurred when an actual accident has happened.  Losses due to insurance fraud account for billions of dollars in losses each year.  In the United States alone, over $80 billion dollars is lost each year due to insurance fraud.  There are many laws that can convict people from insurance fraud and there are thousands of civil suits filed each year in relation to insurance fraud.

BENEFITS FROM CAR INSURANCE QUOTES

Whether you own a big luxurious car or a simple one, it is always very important to get your car insured in order to attain maximum security in case something dreadful happens, like an accident or a car crash.

However, getting your car insured isn’t that easy, since car insurances are pretty expensive these days. This is the reason why everyone looks for ways to pay fewer insurance premiums monthly or annually. Thus, to provide everyone with the possibility to protect their cars, insurance companies offer car insurance quotes. These quotes help the policy holders to choose and take decisions based on their budget, needs and requirements.

Car insurance quotes give best deals to the new vehicle buyers. These quotes offer outstanding rates to suit everyone’s finances. The car insurance quotes cover for the damages caused to the car or its parts due to natural or artificial calamities. It also covers for the harm caused to the car driver and the third party involved.

With the help of the car insurance quotes, I also have received some benefits that are as follows:

Discounts:

The most important benefit I got from the car insurance quotes is the discounts on my premiums. It saved me a lot of money. With the help of these quotes, I have found an affordable and reasonable insurance for my car.

Line of association:

Line of association helped me to simply compare and choose from the various quotes offered by different car insurance companies. Moreover, I also got the chance to easily take decisions according to my own budgets and needs.

Saves Time:

It also saved my time, since one can easily find car insurance quotes online as well.  You do not need to go and survey every single supplier to get the best quotes.

Nowadays, car insurance is extremely important for every individual, who owns a car. However, it is very expensive at the same time, making it impossible for everyone to afford it. Therefore, the car insurance quotes are available to help out individuals to choose and take decisions according to their own financial statements and requirements.