South Africa

FSCA wants to see more progress on credit life insurance

The Financial Sector Conduct Authority (FSCA) has said there is more scope for the banking industry to reduce or eradicate what it deems unfair practices linked to the way premiums are calculated for credit life insurance. 

Selling insurance to borrowers to settle outstanding debt in the event a client dies has been a lucrative business pegged to many forms of lending, and is often sold by the bank providing the credit. But the FSCA has taken issue with the way in which premiums are calculated over the life of a contract, according to new standards that have come into effect for treating customers fairly. ..

Football news:

Yarmolenko and Yaremchuk scored Ukraine's first Euro goals since 2012
The emotion of the day is the cry of Zinchenko. Ukraine won back from 0:2, but still lost
Ukraine scored 2 goals in 4 minutes in the match with the Netherlands
Shevchenko made a reverse substitution for Marlos in the match against the Netherlands
Milan - Djokovic after winning at Roland Garros: Congratulations on your triumph 👏 🇷 🇸
Raheem not only scored for Croatia, but also shone in a double role. Southgate appreciates Raheem and ignores the dislike of the fans
Ex-midfielder Muamba, who survived a cardiac arrest in 2012, is happy to save Eriksen: Whatever happens next at the Euro, the main success has already been achieved