EDITED BY ANGELIQUE RUZICKA
60% OF CRITICAL ILLNESS CLAIMS MADE BY WOMEN DUE TO CANCER
Critical illnesses, such as cancer and heart disease, are alarmingly widespread among women in South Africa. In addition to the physical and emotional burden that comes with being diagnosed with a dread disease, many of these women may also face unexpected financial hardships as a result.
The latest figures from Stats SA showed that cerebrovascular disease (which causes strokes), hypertensive disease and other forms of heart disease were all in the top five natural causes of death among women in 2015. In addition, some members of the Association for Savings and Investment SA reported that more than 60% of critical illness claims made by women in 2016 were as a result of cancer.
WARNING ABOUT DEALING WITH OPPORTUNITIES INVESTMENTS STOKVEL CLUB
The Financial Services Board (FSB) warns the public against conducting financial services business with Opportunities Investments, trading as Opportunities Investments Stokvel Club, as the entity is not an authorised financial services provider (FSP).
It has been brought to the registrar’s attention that Opportunities Investments purports to have been issued with the FSP number 8355. The registrar’s records show that this number was cancelled. Therefore, no entity may claim that it is authorised to render financial services under the number.
The FSB again reminds consumers who wish to procure financial services from an institution or person to check beforehand with the FSB on the toll free number (0800 110 443) or on the website fsb.co.za whether or not the institution or person is authorised to render financial services.
COMMED MEMBERS MUST NOT BE TREATED AS PRIVATE
According to the Council for Medical Schemes (CMS), communication has been issued advising private hospitals and pharmacies to treat beneficiaries of the Community Medical Aid Scheme (Commed) as private patients, following the placement of the scheme under provisional curatorship.
“This approach is incorrect, as it places beneficiaries at a disadvantaged position. Commed is continuing to function as a registered medical scheme in line with the provisions of the Medical Schemes Act, and should be regarded as such,” the CMS said in a statement.
It further urged all healthcare service providers to continue to treat Commed beneficiaries as members of the scheme, and not as private patients. It said that anyone affected by this communiqué must bring the matter to the attention of the scheme immediately. Commed is an open medical scheme that was founded in 1989. It was originally registered as Bopmed and served the former Bophuthatswana. It changed its name in 1995 when all the homelands were integrated into the Republic of South Africa.
THIRTEEN FUNERAL SCHEMES UNDER INVESTIGATION
The FSB is investigating 13 entities selling funeral policies and is warning the public against purchasing policies from these companies. They include Matome Molefe Funeral Service; Eyodidi Funeral Undertakers; Baxolise Funerals; Zelda’s Wreaths and Coffins; City Funerals; Devine Casia; Ndikhokhele Yehova Funeral Service; Infinitum Funeral Assist; Tswelopele Funerals; Itshereletso Funerals; Nom and Macc Funeral Services; Botlhe Funeral Undertakers and M&P Funeral Services.
The FSB said it had asked these companies to provide proof that their funeral policies were underwritten by a registered long-term insurance company as required by law and were given 10 days to respond.
“The entities have either failed to respond to this request or have failed to confirm that their funeral polices are underwritten by a registered long-term insurance company,” the FSB said in a statement.
If you have any queries about these companies, contact Milton Sebaka on 012 422 2875.