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Your debt could be insured, and you may not even know
The Mercury
|November 28, 2025
MILLIONS of South Africans face unexpected financial shocks every year, many dont realise they may already have insurance that covers their loan repayments if something unexpected happens.
MILLIONS of South Africans have credit life insurance attached to their loans but don't realise it. This hidden financial safety net could protect you from debt if you're retrenched, become critically ill, or disabled.
(FILE)
It’s called credit life insurance, and it can make the difference between keeping your financial footing and not being able to meet your obligations if your income is disrupted.
With South Africa’s economy struggling to achieve meaningful growth, the risks are real. According to Statistics South Africa, in just the first half of 2025, nearly 300,000 jobs were lost as companies retrenched and businesses downsized.
Denne historien er fra November 28, 2025-utgaven av The Mercury.
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