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Better Futures #04 - Financial Literacy.

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Enabling better futures through educating policyholders.

Many of our policyholders don’t know how to budget and make their money work for them. So we invite them to educational seminars where we help them navigate the jargon-filled world of insurance policies and teach them the basics of budgeting.

We believe there is a better way for South Africans to become financially literate.

At Hollard, developing and distributing innovative insurance solutions is not our sole reason for existing. For us, it’s about also making a meaningful contribution to the communities in which we operate and we believe a big part of our purpose is to help catalyse real, positive and enduring change for the benefit of all of us.

In the insurance space, that translates into a social responsibility to ensure that the people who buy our products are clear about what they are designed to do, satisfied that they meet their needs and that they understand how to manage them effectively.

In other words, that they have all the knowledge they need to make informed financial decisions that are in the best interests of themselves and their families.

This is especially important in the emerging market, where consumers often recognise the value in protecting themselves from risk, and are keen to learn about the ways in which it can be done, but aren’t comfortable enough with the concepts or terminology to take things further.

Or worse that than, they go ahead and buy policies without fully understanding the terms (especially the implications of lapsed premium payments, which can be very costly) or end up with something that doesn’t really meet their needs after all.

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About the artist...
Adolf Tega (1985).

Adolf Tega finds inspiration in the mundane, the often-overlooked aspects of life. Of particular interest to him are the faceless and often disregarded masses that populate our environment.