Why Young South Africans Mindset On Life Insurance Needs To Change

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why young south africans mindset on life insurance needs to change

Young South Africans are quick to insure their first car or replace a broken smartphone, but many overlook the one asset that pays for everything else themselves.

New claims data from Momentum Life Insurance shows why that mindset needs to change.

According to the insurers 2025 claims statistics, 62 of death claims involving people younger than 30 resulted from unnatural causes, with motor vehicle accidents accounting for most of them.