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Can you claim for a minor infection?

16.01.2013.

At FMI, we are committed to paying claims for serious illness or accidents that prevent our clients from earning their income. This means that minor infections, e.g. a cold that requires bed rest but not hospitalisation, will most likely not be covered. It is important to remind your client that restrictions have been placed on short-term illnesses and no claim will be paid for minor infections e.g. influenza, bronchitis, sinusitis, pneumonia, tuberculosis, or laryngitis (please note that this list is not exhaustive) unless the Life Insured meets certain criteria.

Does your client have the best possible waiting period?

16.01.2013.

Income Protection is designed to provide your clients with an income if they cannot work due to an illness or disability. If a disability or illness claim is assessed as valid, the selected cover amount will be calculated from the end of the waiting period, for the length of the disability. Selecting the correct waiting period is an important factor in providing your client with the best possible cover. FMI offers a selection of waiting periods, including a unique 14 day waiting period.

Over 63? Your covered!

05.01.2013.

With the experience gained in the income protection industry since 1995, we acknowledge the fact that one of the best ways that FMI can support our clients is by paying claims. We are extremely proud of a philosophy that provides certainty to both our clients and Financial Advisers, which we recognise to be one of the most important tests of any insurance company.

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05.01.2013.

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Industry Interview - Magda Briers

10.12.2012.

This month, we're doing an Industry interview with a twist. We are pleased to announce that we have a new Claims Manager, Magda Briers. Magda joined FMI on 1 December and comes highly recommended for this position. With a wealth of knowledge and experience in claim management from an occupational perspective, we are sure that Magda will add immense value to our clients' claims experience. Learn more about Magda.

Train wreck or migraine? What kinds of claims does FMI receive?

10.12.2012.

What comes to mind when you hear the term 'disability'? A freak accident leading to a permanent lifestyle change? The truth is that most disabilities are temporary in nature and can happen as the result of daily activities or illnesses. In the insurance industry, the term 'disability' covers a wide range of illnesses or injuries that prevent a person from working and generating an income. The following are just some of the claims we’ve received in the past year.

 

Back to Basics – Is your client’s Income Protection all it should be?

10.12.2012.

A large number of South African insurance companies are now offering Income Protection products. However, labels can be deceiving and not all of these products offer ‘income protection’ in the truest sense of the term. Consider what Income Protection is supposed to do (replace income in the case of a disability that prevents the Life Insured from earning an income) and then ask yourself – which product will ensure that my clients are covered in this regard?

Tele-Underwriting – Why It’s Worth It

10.12.2012.

Traditionally, the underwriting process involves paper application forms, requiring applicants to provide details of their medical history. These forms have become increasingly lengthy and often result in missing or inaccurate information. For the Financial Adviser and the client, this process can be difficult and time-consuming. Tele-underwriting counters these hurdles through an efficient process designed to reduce turn-around times and protect you and your client.

A Word from an ABSA Financial Adviser

10.12.2012.

We are pleased to share the following feedback from one of our ABSA Financial Advisers who claimed as a policyholder in August 2012.

ABSA White Label Project

10.12.2012.

The ABSA White Label Project is now two months in and going strong. We are proud to have been chosen as the provider of choice for ABSA Advisers and their clients.

For the past 11 years, FMI has been chosen to provide ABSA Advisers with a compulsory Income Protection scheme (AIFA) to protect their income in the case of disability. Through this scheme, we are able to save advisers and their practices from potential financial ruin. We plan to continue to offer this level of service and professionalism in all our ABSA-associated projects.

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