What are the different types of insurance?

There’s a range of insurance plans that cater to different industries. Most people aren’t aware of how varied insurance can be and which insurance plans are important to have. Insurance brokers in Welkom can help you choose the insurance plan you need. Here is a list of the many types of insurance available in South Africa: -Property or Home insurance -Car insurance -Travel insurance -Business insurance -Income protection insurance -Legal Insurance (legal cover) -Health insurance (medical aid) -Disability insurance (disability cover) -Funeral insurance (funeral cover) -Life insurance (life cover)

Is it necessary to have insurance?

The thought of paying thousands of Rands for insurance can be daunting. However, the benefits of having insurance usually outweigh the cons. It helps you to manage risks, pay for unexpected mishaps and ensure that your family and friends have a comfortable future. Insurance brokers in Welkom invest your premium funds securely, so it can grow, and pay out when there's a claim.

What factors influence my insurance premiums?

It depends on the type of insurance. However, common factors for determining your premiums include: -Age -Physical and mental health status -Marital status -Income -Net worth of insured person -Value of insured items -Levels of safety in your home, office, shop etc -The area you live in

What’s the difference between health insurance and life insurance?

It’s easy to get confused between health insurance and life insurance as they are both related to the wellbeing of a person. However, health insurance covers consultations with doctors, medical procedures, hospital fees and medicine. The goal is to have medical funds that aid people in getting the necessary services to be healthier and live longer. On the other hand, life insurance is a policy that means a certain amount of money will be paid out to beneficiaries if the insured person dies. People who have chronic illness or unhealthy habits are likely to have higher life insurance premiums.

How do I submit a claim?

The process of submitting a claim varies between each insurance broker in Welkom. However, it usually entails contacting your insurance broker as soon as possible and providing them with the claim details. In some cases, you can submit a claim online. Otherwise, you might have to speak to an insurance consultant over the phone or in-person. It’s also important to make sure that all claim information is as accurate as possible.

Why do my car insurance premiums increase each year?

There are plenty of factors that influence your car insurance premiums. The value of your car is constantly decreasing so you’re more likely to need funds for repairs and servicing. Car insurance premiums increase because the cost of repairing a vehicle and replacing parts increases every year. One of the few ways to try and bring down your car insurance premiums is driving it less and having a safe parking area for your car at home.

Featured Insurance Brokers near Welkom

Philip Snyman Financial Advice

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Plan Today, Prosper Tomorrow!. Financial Planner Description and Experience As a financial planner, I provide comprehensive financial advisory services tailored to meet the unique needs of my clients. My role involves assessing clients' fi...

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by Vanessa, 082****796

Philip is really giving honest advice and always wants to put you in a better financial possession.

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Consult Bloemfontein-Suid

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A Plan turns Advise into Action!. Life Cover Disability Cover Dreaded Diseases Retirement Planning Asset Protection Commercial and Short-term Estate Planning Medical Aid Liberty Momentum Discovery Santam Hollard Momentum Insure One O...

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We are with Consult Bfn South, they do all our Policy and Medical scheme admin and help us to get better deals in policies they handle and follow up with the latest trends etc. They are always willing to help and see where they can do bet...

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Da Kings Investment Solutions

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#your financial security is our priority. About Da Kings Investment Solutions Welcome to Da Kings Financial Services, where your financial security is our priority. As a leading provider of both long-term and short-term insurance products,...

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by Thapelo, 061****559

Excellent and professional service.

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OAJI Financial Advisory

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Honestly:Integrity:Excellence. OAJI Financial Advisory provides a range of quality financial solutions. Being an independent provider we will tailor the best solution for each client. ...

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The company assisted with taking out a life insurance and dread disease cover for me and my spouse. We appreciated the professionalism displayed by our Financial Advisor during the whole process and adequate information sharing conducted be...

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Van Rooyen En Raath Finansiele Adviseurs

Services Welkom

The life you want with the money you have. We do complete financial planning and solutions and have been servicing this industry for 20 years...

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Since more than 15years, I have received valuable financial advice on my investments and excellent management of my portfolios, and quality discussions on the overall economic situation that might impact on the portfolios. I have always had...

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Old Mutual Finance

Services Welkom

Growing and transforming our business to lead in a responsible and sustainable way. For over 168 years, we have provided financial shelter and nourishment to people and businesses. Old Mutual South Africa aims to serve all sectors of the Sout...

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by Vuyi, 076****847

Went to the branch and it took a while for me to be served but when I was served it made up for the 2hr wait.. I had great service , Baby was my consultant and she did an outstanding job..she gave excellent service.. Thank You Ous-Baby for ...

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Assupol Life

Services Welkom

Serving those who serve. Assupol Life has been providing relevant and affordable life cover to millions of South Africans. Whatever your insurance needs - whether providing for your loved ones in the event of death, disability or retireme...

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by Jennifer, 076****179

I received a call from a lady called Mandy who claimed that she is from ICTS. She informed me that i need to put in a claim and that she will forward me the documentation via email. I want to know if this is ligit. Please advise

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Old Mutual Finance

Welkom

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0 reviews

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Medical Health Plans

Welkom

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Liberty Life

Services Welkom

Independent Financial Advisors . Contact us for all your Financial Planning, Medical Aid and Life Assurance. ...

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by Stephen, 076****112

William is great, he sorted out my Medical Aid, RA's and Insurace with a smile, very friendly guy that is willing to go the extra mile. I even got my taxes sorted out by him. Thank you William and Willbarr you are great

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Katleho Borole Financial Planning

Services Welkom

Let me help you towards achieving those financial goals. ...

0.0

0 reviews

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George Michalakis Finansiele Adviesdienste

Services Welkom

1 review

by Matsheo, 073****949

Effective.

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Frequently Asked Questions

What are the different types of insurance?
There’s a range of insurance plans that cater to different industries. Most people aren’t aware of how varied insurance can be and which insurance plans are important to have. Insurance brokers in Welkom can help you choose the insurance plan you need.

Here is a list of the many types of insurance available in South Africa:

- Property or Home insurance
- Car insurance
- Travel insurance
- Business insurance
- Income protection insurance
- Legal Insurance (legal cover)
- Health insurance (medical aid)
- Disability insurance (disability cover)
- Funeral insurance (funeral cover)
- Life insurance (life cover)
Is it necessary to have insurance?
The thought of paying thousands of Rands for insurance can be daunting. However, the benefits of having insurance usually outweigh the cons. It helps you to manage risks, pay for unexpected mishaps and ensure that your family and friends have a comfortable future. Insurance brokers in Welkom invest your premium funds securely, so it can grow, and pay out when there's a claim.
What factors influence my insurance premiums?
It depends on the type of insurance. However, common factors for determining your premiums include:

- Age
- Physical and mental health status
- Marital status
- Income
- Net worth of insured person
- Value of insured items
- Levels of safety in your home, office, shop etc
- The area you live in
What’s the difference between health insurance and life insurance?
It’s easy to get confused between health insurance and life insurance as they are both related to the wellbeing of a person. However, health insurance covers consultations with doctors, medical procedures, hospital fees and medicine. The goal is to have medical funds that aid people in getting the necessary services to be healthier and live longer. On the other hand, life insurance is a policy that means a certain amount of money will be paid out to beneficiaries if the insured person dies. People who have chronic illness or unhealthy habits are likely to have higher life insurance premiums.
How do I submit a claim?
The process of submitting a claim varies between each insurance broker in Welkom. However, it usually entails contacting your insurance broker as soon as possible and providing them with the claim details. In some cases, you can submit a claim online. Otherwise, you might have to speak to an insurance consultant over the phone or in-person. It’s also important to make sure that all claim information is as accurate as possible.
Why do my car insurance premiums increase each year?
There are plenty of factors that influence your car insurance premiums. The value of your car is constantly decreasing so you’re more likely to need funds for repairs and servicing. Car insurance premiums increase because the cost of repairing a vehicle and replacing parts increases every year. One of the few ways to try and bring down your car insurance premiums is driving it less and having a safe parking area for your car at home.

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Featured Insurance Brokers near Welkom

What are the different types of insurance?

Is it necessary to have insurance?

What factors influence my insurance premiums?

What’s the difference between health insurance and life insurance?

How do I submit a claim?

Why do my car insurance premiums increase each year?

Quote requests posted by other customers for insurance

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