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New insurance laws allow for micro-products

Posted on 14 July 2018 | 8:17 am by Muhibbullah

New and amended legislation governing the insurance industry provides, among other things, for user-friendly micro-insurance products and greater protection for policyholders, including a 48-hour turnaround time for funeral policy payouts. The Insurance Act, which came into effect on July 1, was passed by the National Council of Provinces in December. It brings changes to the […]

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