South Africans are said to be critically under insured for death and disability. This is according to the latest Association for Savings and Investment South Africa (Asisa) Life and Disability Gap study.

The gap between existing cover and the actual need for it widened to R24 trillion this year. The average South African is 60% under insured for both death and disability cover. That translates to a shortfall of R700 000 for life cover and R1.1 million for disability, this gap widens as income increases.
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