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Genlife Blog

We at Genlife Financial Services have a large knowledge-base when it comes to the funeral insurance industry and we would love to share some of it with you. We write on a wide variety topics such as funeral insurance, funeral cover, the software payment devices we use and so much more!

Be sure to keep an eye on this page for new blog posts about the funeral industry as a whole.

How to protect yourself from the Coronavirus disease (COVID-19)

Author: alicia

Posted: 16 Mar 2020

The Coronavirus disease (COVID-19) is characterized by mild symptoms including a runny nose, sore throat, cough, and fever. Illness can be more severe for some people and can lead to pneumonia or breathing difficulties. More rarely, the disease can be fatal. Older people, and people with other medical conditions (such as asthma, diabetes, or heart …

FSCA Press Release- FSCA Fines Channel Life

Author: alicia

Posted: 02 Mar 2020

The FSCA found that Channel Life concluded agreements with 168 individuals (referred to as runners) who collected insurance premiums on its behalf. These runners were not registered as representatives of Channel Life as required by the FAIS Act. Channel Life conducted financial services business with individuals who were not lawfully authorised in terms of the …

How to obtain a FSP License

Author: alicia

Posted: 03 Feb 2020

A FSP License is a license which is obtained from the FSCA. This license authorizes certain financial advisers to act as representatives or key individual of the company they work for, in which case the company is the actual registered Financial Services Provider (FSP) License holder. A Financial Service Provider (FSP) is a business offering …

The Funeral Underwriter Checklist

Author: alicia

Posted: 01 Apr 2019

So what should one look out for when considering an underwriter for funeral insurance? First and foremost one should identify a company with a solid reputation as a reliable and trustworthy organisation. The industry is regulated by the Financial Services Board, which ensures that clients’ interests are protected and service providers are legitimate.

Growth despite economic climate

Author: alicia

Posted: 01 Apr 2019

In contrast to the South African economy grappling with low growth in general, the local funeral industry is expected to grow by 12% year on year until 2020. What makes this industry so resilient in a challenging economic climate?

Putting a theme to a funeral

Author: alicia

Posted: 30 Jan 2019

Traditionally, funerals are sombre occasions where mourners, mostly dressed in black, pay their respects to the deceased in a religious ceremony.

Facts about funeral industry in South Africa

Author: alicia

Posted: 23 Jan 2019

With a population of over 57 Million, the South African funeral industry is vast and potentially lucrative. However, reliable statistics are not available as a large part of the industry is informal and operators are not required to register with industry organisations.

A growing industry

Author: alicia

Posted: 18 Jan 2019

The funeral and funeral insurance industry is forecast to continue growing in 2019.
Although there has been a steady decrease in national deaths, the funeral industry expects growth of 12% this year.

Improving Customer Experience with Gensoft™

Author: alicia

Posted: 10 Sep 2018

Groundbreaking in its approach and application, Gensoft™ is our unique funeral Administration Software specially developed for our clients. We pioneered our software in order to streamline processes and enhance the interaction with Genlife. It is custom-designed to improve the daily management of our clients’ businesses in the funeral financial product industry.

Genlife Funeral Cover

Author: alicia

Posted: 20 Aug 2018

A funeral is not a pleasant topic for thought, but the reality is that we all have to plan for it at some stage. A funeral gives friends and family the opportunity to mourn and honour the deceased’s memory and legacy. As there are so many aspects to a successful funeral, it helps to plan and provide for it with adequate Funeral Cover that takes all your wishes into account.