List Of Insurance Schools In South Africa

Insurance is an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for a payment of a specified premium.

Where To Study Insurance In South Africa?

Below is the List Of Insurance Schools In South Africa;

Insurance At University Of South Africa Unisa

Milpark School of Financial Planning and Insurance

Insurance Institute of South Africa

Insurance & Risk Management At Wits University

Short term insurance At Moonstone

What The South African Insurance Association (SAIA)?

SAIA is the representative body of the non-life insurance industry. It represents the industry to all relevant stakeholders to ensure a sustainable and dynamic industry. SAIA has 58 members, comprising all categories of non-life insurers, including reinsurers. Its members abide by the SAIA Code of Conduct, which ensures adherence to best-practice industry standards and self-regulation.

Types of insurance offered in South Africa

In South Africa, there are many types of insurance one can take out, including the below:

  • Property or Home insurance
  • Portable Possessions Insurance
  • Lifestyle Insurance
  • Household insurance
  • Car insurance
  • Travel insurance
  • Business insurance
  • Income protection insurance
  • Legal Insurance (also called legal cover)
  • Health insurance or medical cover
  • Disability insurance or disability cover
  • Funeral insurance (commonly called funeral cover)
  • Life insurance (also commonly called life cover)

Difference between Long-Term and Short-Term Insurance

There are basically two kinds of insurance – long-term and short-term insurance. You will need to consider, the category that best suits you and your family or business.

  • Short-Term Insurance – generally covers one against losing personal belongings. This includes car insurance, household insurance or business insurance.
  • Long-Term insurance – generally covers one’s life or wellbeing. It is usually paid over a long period – This type of insurance is usually paid over a long period of time and includes life insurance, disability insurance, and income protection insurance. This kind of insurance pays out after an event has happened – like an accident, disability, unemployment or the death of the insured person.

What are the insurance companies in South Africa?

South Africa has a lot of insurance companies. Below is a list of insurance companies in South Africa;