SA Consumers to Pay Less for Credit Insurance!

By |2016-01-11T13:40:03+02:00November 16th, 2015|credit, National Credit Regulator, predatory insurance sales, unlawful insurance cover|

Cap on Maximum Credit Insurance Premiums On Friday, 13 November 2015, the Department of Trade and Industry (dti) released draft legislation, proposing the maximum premium chargeable on credit insurance be capped at a much lower rate. Credit life insurance writes off a consumer’s debt, in the event of death, unemployment or other circumstances that leave [...]