Risk Management
Risk management includes insuring your physical assets (like your house, household contents, car, electronics, etc), making provision for unforeseen medical and illness related expenses, protecting your income and your standard of living. Managing these risks helps create peace of mind for yourself and your family.
• | Life cover |
• | Disability cover |
• | Critical (serious) illness cover |
• | Education protector |
We hold contracts with:
• | Discovery Life |
• | FMI |
• | Liberty |
• | Momentum |
• | Old Mutual |
• | PPS Life |
• | Sanlam |
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It forms an integral part of your long term financial planning. Monies you would have had to lay out, from your own pocket, to replace damaged or lost property, can rather be utilised to reach other long term goals.
Contracts:
Associated Marine UM, Auto & General, CIA UM, Clarendon UM, MUAI, Mutual & Federal, Santam, Transit UM, Zurich, Film & Entertainment UM, Kaleidoscope UM, Discovery Insure, PPS Short Term, Stratum Gap Benefits, Camargue UM, MERX, 1COM, Zenith Insure, Innovation Maven, NHCV & Commercial UM, Health & Accident UM, TIC UM, BnB Sure, Artinsure.
We offer:
• | Domestic Insurance (household contents, buildings, vehicles, personal items, liabilities) |
• | Commercial Insurance (all industries) |
• | Engineering Insurance |
• | Marine Insurance |
• | Film Producer and Entertainment Insurance |
• | Liability Insurance (Professional, Directors & Officers, Cyber Crime etc) |
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• | Being healthy is one of the most important needs we have, but something we don’t cherish every day, until something goes wrong. Medical aid membership forms a vital part of financial planning as medical costs can erode your savings, could affect your retirement planning and could lead to the selling of assets. |
• | A healthy person might argue that he or she will not be getting anything for the premium they are paying every month, but the true value of having medical aid is only realised when that healthy person falls ill, is involved in an accident or when one of his or her dependants needs urgent and possibly continuous medical attention. |
• | Selecting the correct plan is of major importance and will be determined by your financial position, current health requirements, how many dependants you have etc. |
• | At Finfocus, we can help you choose the correct plan, for yourself and your dependants (children and/or parents), to ensure that you are covered when the need arises. By conducting a medical needs analysis, we look at your requirements to establish what plan/s will suit you best. |
• | If you are the sole breadwinner you might need more cover to ensure that your family is looked after in the event of you being hospitalised or being treated. We also advise that you talk to us about income protection. |
GAP cover
• | Why do you need gap cover if you have a medical aid plan that covers you for hospitalisations? |
• | In South Africa specialists are not regulated as to what they can charge patients for their services, and could charge in excess of the 100% (which could be higher, depending on your plan) rate that medical schemes are willing to pay – this could sometimes be in excess of 500% of the scheme rate. This means that you will have to pay the short-fall from your own pocket. |
• | Some hospital plans might require a co-payment for admissions for planned procedures or some investigations/procedures that are done out-of-hospital, for example MRI or CT scans. This co-payment can be covered by your Gap Cover Plan. |
• | For a small monthly premium, you can insure yourself and your family against this financial risk. |
• | At Finfocus we can provide you with solutions that will fit your requirements and financial position. |
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