Third-wave death claims four times higher than pre-Covid rates

By Supplied | Published Dec 15, 2021

South Africa’s largest life insurers received 22 544 death claims against fully underwritten life policies in the 19 months between the start of the Covid-19 pandemic in March last year and the end of September 2021. While not all the claims were for policyholders who died as a result of Covid-19, five of South Africa’s largest life insurance companies reported a fourfold increase in death claims at the peak of the third wave against a book of 2.