Can you guess what 50% of female insurance claims are for?

June 19, 2013

imagesI don’t often feature financial or insurance-type posts here, but this is one that completely floored me. And I have to admit that while I often read about breast cancer stats, it somehow didn’t hit me as hard as this stat.

So, according to Nicholas van der Nest of Liberty, cancer claims account for nearly 50% of all female claims, but only 32% of the claims for males. He says that of the R2.3 billion paid out in total claims, R370 million of that was towards critical illness cover.

One in every 11 women aged between 20 and 59 years old will be diagnosed with breast cancer in their lifetime, and remains the leading killer among women in this age group, according to the World Health Organisation. Cancer cases will increase from an estimated 12.9 million in 2009 to 27 million in 2030, with 17 million cancer deaths, says a landmark report on the global cancer burden.

If this isn’t a case for doing regular breast exams and going for mammograms, trying to live as healthily as possible, and trying to deal with stress better, then I don’t know what is. And of course, getting a health and insurance plan if you can.

Information provided by Liberty Group (this is not a sponsored post)


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1 Comment

  • Patricia M. Atkins

    It’s kind of scary knowing what 50 of female insurance claims are for. Breast cancer is one of the deadly illnesses for women. I agree with getting an insurance. It is still best to be prepared at all times because you will never know what might happen in the future.

    July 11, 2013 at 5:09 am Reply
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