MBS Advisors

MBS Advisors Mbs Advisors is a financial services marketing company started in 2014 with humble origins.

We are looking for sales agent all over South Africa! Get in touch if you'd like to partner with us.Appliy via email or ...
06/10/2023

We are looking for sales agent all over South Africa!

Get in touch if you'd like to partner with us.

Appliy via email or what'sApp

Email: [email protected]
What'sApp
067 237 2932

Become An Entrepreneur - Start You're Business Today!Let the Experts Guide You. We Help Position You're Business. Let's ...
08/07/2022

Become An Entrepreneur - Start You're Business Today!

Let the Experts Guide You. We Help Position You're Business. Let's Fight Unemployment and Poverty in SA.

Business Benefits

- Entrepreneurial independence
- On Going Specific Training Offered
- Recurring Commission
- Sales Material Provided

What'sApp For More Information

Four preventive measures to avoid an insurance policy lapse.1. Make payments on timeMaking payments on or before the due...
21/06/2022

Four preventive measures to avoid an insurance policy lapse.

1. Make payments on time

Making payments on or before the due date is the best way to avoid your policy lapsin. If you don’t pay your premium on the due date, the insurance company provides you a grace period, during which you have the option to pay your pending premiums.

Keep a note of the grace period, so in case you missed the payment on the due date, you can pay the premium before exhaustion of the grace period to avoid lapse of the policy.

During the grace period, the policy remains in force without any reduction or termination of policy benefits. A policy will become a lapsed policy, only when you don’t pay the due premiums during the grace period as well. All the benefits are intact during the grace period.

2. Set up an automatic billing mode

Your policy may lapse due to non-payment of even a single installment of the premium. This mistake can prove devastating for you, as you will lose all the earlier benefits of the policy and the premiums you have paid will go in vain.

You may not remember paying the premiums on the due date, so it would be a better option to place standing orders with your bank, which ensures that your premium will be auto debited on the exact due date from your account.

You can also choose credit card automatic payment option with which the premium amount will be deducted automatically from your card on the due date. With automatic payment option, you don’t need to remember the date of premium payment and you never be put at a risk of a policy lapse.

3. Keep your communication details updated

The insurance companies send premium reminder letters, emails, or text messages regarding premium payment. At the time of purchase of an insurance policy, you must have provided your communication details such as current address, permanent address,email id, mailing address, phone number, etc.

In case of any change in such details, it is recommended to update the same with your insurance company, so that you get timely reminders and you can pay the premium on time or beforehand.

4. Reinstatement of the Policy

It is a process by which an insurance company revives your lapsed insurance policy that has been terminated due to non-payment of the due premiums. To revive the policy, you need to pay the unpaid outstanding premiums plus interest levied on account of delayed premium payment.

You may also be asked to submit a declaration of good health or may have to undergo medicals also, if asked by the insurance company for the risk analysis. The final decision to reinstate the policy rests with the insurance company.

The lapsed policy can be usually reinstated within 2 to 5 years from the last unpaid premium payment date, subject to the sum assured, age, health condition, policy type, etc. along with the submission of requisite documents. The reinstatement requirement may vary from insurer to insurer.

Conclusion

Life insurance is a vital and long term investment which ensures financial protection to your loved ones during the extreme untimely incidents like death. It is also an investment tool to attain your financial objectives.

Get affordable funeral cover for your parents that's includ the following benefits.1. No age limit2. Accidental Death Be...
06/06/2022

Get affordable funeral cover for your parents that's includ the following benefits.

1. No age limit
2. Accidental Death Benefits
3. Ambulance and other transport in a life-threatening medical emergency
4. Transport of the decreased and family members

Apply today

Why should an individual have life insurance?Life insurance is important, as it protects your family and lets you leave ...
27/05/2022

Why should an individual have life insurance?

Life insurance is important, as it protects your family and lets you leave them a non-taxable amount at the time of death. It is also used to cover your mortgage and your personal loans, such as your car loan. Your individual life insurance follows you when you retire and you are no longer insured by your employer.

What is life insurance and how does it work?Life insurance is a contract between you and an insurance company. Essential...
27/05/2022

What is life insurance and how does it work?

Life insurance is a contract between you and an insurance company. Essentially, in exchange for your premium payments, the insurance company will pay a lump sum known as a death benefit to your beneficiaries after your death. Your beneficiaries can use the money for whatever purpose they choose.

How do you check if a company is registered with FSCA?You can simply visit the FSB website at www.fsca.co.za, click on t...
27/05/2022

How do you check if a company is registered with FSCA?

You can simply visit the FSB website at www.fsca.co.za, click on the "FAIS" link at the top right of the page, and then select "Search for financial services providers" from the list that appears. An easy to use form enables you to search the FSCA database by company name, FSP licence number or postal area.

27/05/2022

When to use the ombudsman?

An ombudsman is an independent service that can help you deal with an unresolved complaint you might have with an organisation.

Ombudsman services are also called alternative dispute resolution (ADR) schemes.

You need to fully pursue the internal complaints process of the company you're in dispute with before you go to the ombudsman.

If the company refuses to do what you ask to sort out the problem, you should ask for a ‘letter of deadlock’ to show you've done all you can to resolve your complaint.

What is Ombudsman responsible for?An ombudsman is an independent official, judge or referee whose job is to receive, inv...
27/05/2022

What is Ombudsman responsible for?

An ombudsman is an independent official, judge or referee whose job is to receive, investigate, and resolve complaints of bad or unfair treatment of customers.

Why you need funeral plan?Fortunately, funeral cover will ensure that your family don't have to empty their savings or t...
27/05/2022

Why you need funeral plan?

Fortunately, funeral cover will ensure that your family don't have to empty their savings or take on more debt. This will help them grieve in peace. Having funeral cover not only covers costs in the case of your death. It also allows you to cover other members of your household, including your parents.

Address

296 Pretorius Street
Pretoria
0002

Opening Hours

Monday 08:00 - 16:00
Tuesday 08:00 - 16:00
Wednesday 08:00 - 16:00
Thursday 08:00 - 16:00
Friday 08:00 - 16:00

Telephone

+27120041234

Website

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