Liberty Life reported that the insurer paid out R12bn in death, disability, and income protection claims to over 120,000 beneficiaries throughout 2024. - Business Day (28 May2025).
“The bulk of the payouts, R7.35bn, stemmed from Liberty’s retail division, which provides policies directly to individuals, representing an 11.8% increase compared with the previous year, reaching almost 28,900 individuals and their families.
“Cancer is still the primary driver of claims, accounting for 31.2% of the total. Cardiovascular disorders followed at 22.3%, with respiratory disorders (5.8%), musculoskeletal disorders (5.5%), and nervous system disorders (5.3%) collectively making up 70.2% of all claims.”