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Alliance Insurance Company

Latest News and Press Releases from Alliance Insurance Company

Ever walked into a financial institution, talked to the consultant and walked out without understanding what was said? Well, this is the narrative for many consumers of financial products in the country. A consumer of financial products is anyone who uses financial products such as bank accounts or...
Spring has sprung, bringing with it new opportunities to start afresh and improve. What better way to kick off this new season than “spring cleaning” our personal finances and taking control of the things that really matter- estate planning? Estate planning for many households is not a...
When most people think about insurance, the common types of policies that often come to mind are funeral covers, car insurance and/or life cover policies. In most cases, we often confuse what each type of insurance cover is meant for and/or why we need it. As if the confusion is not...
A bank or account statement is defined as a summary of financial transactions recorded over a period of time by financial institutions i.e. bank, insurance or asset management companies.  Most financial services providers send account statements to their clients on a monthly or quarterly basis...
Stokvels, a concept dating back to the 19th century is an opportunity for a group of people to pool and rotate funds amongst themselves to achieve a common goal. Stokvels takes different forms ranging from savings and investment clubs, burial societies and grocery clubs to name...
As mentioned in the previous article, a life insurance policy is a contract between a client and an insurer. It is a legal and binding contract which sets the parameters applicable to the insurance contract between you and the insurer.
So far, we have discussed various insurance products you can apply for in different companies based on your needs. Once you have applied for the appropriate insurance and undergone the necessary underwriting, if applicable, the insurance company decides whether or not to accept the application.
Last week, we dealt with products that assist you in saving for old age. Once you reach retirement age, you would have seen that the various retirement funds allow you to take a maximum of one-third in cash and to purchase a compulsory annuity with...
One of the major risks in life is living too long and outliving your asset so that you become a burden on your children, relatives and neighbours. You practically become a begging bowl because you did not save enough money for old age.
The death of a family member is certainly one of the most harrowing life experiences and the associated burial expenses can be devastating to the poor. In a country with a high unemployment rate and 59 percent of the population living below...