Click here for more info about Liberty<\/strong><\/a><\/li>\n<\/ul>\n\n\n\nAccording to 2022 research by the South African National Cancer Registry (NCR), one in eight women and one in six men will be diagnosed with cancer in their lifetime.<\/p>\n\n\n\n
Insurer Liberty has seen the toll cancer takes on its clients, with cancer accounting for 32.3% of all critical illness claims in 2023, and similar insights in years prior.<\/p>\n\n\n\n
Surviving cancer brings immense relief but for many, the fear of recurrence lingers. This fear, combined with the financial uncertainty that often accompanies treatment for recurrent or advanced cancer, can be overwhelming. <\/p>\n\n\n\n
Traditional policies may not provide adequate coverage for this challenging journey.<\/p>\n\n\n\n
In response to these needs, Liberty has introduced the Cancer Claims Booster, a market first, which is part of the enhanced flagship Lifestyle Protector cover. <\/p>\n\n\n\n
This new offering goes beyond standard coverage, providing critical financial support when clients face cancer progression, recurrence, or terminal stages. <\/p>\n\n\n\n
Unlike traditional policies, which typically pay out after the initial diagnosis, Liberty\u2019s Cancer Claims Booster offers an additional 25% payout for stage three or four cancers that progress or recur despite treatment. <\/p>\n\n\n\n
This helps ease the financial strain that often accompanies prolonged treatment or, tragically, a life expectancy of 12 months or less where palliative care may be needed.<\/p>\n\n\n\n
Liberty’s Chief Specialist of Lifestyle Protector, Kresantha Pillay explains, \u201cCancer is never a predictable journey. <\/p>\n\n\n\n
With this Cancer Claims Booster, we are ensuring that clients who need additional financial support during advanced stages of cancer aren\u2019t left without resources when they need it most.\u201d<\/p>\n\n\n\n
In addition to this Liberty has also introduced a Critical Illness Booster<\/em>, which pays out an extra 25% to 100% for certain long-term conditions that require ongoing support.<\/p>\n\n\n\nThis includes conditions like heart transplants, where clients may need lifelong anti-rejection medication, or limb loss, which often requires extended physical and mental rehabilitation.<\/p>\n\n\n\n
\u201cWe look to client needs and develop solutions, accordingly, ensuring that Lifestyle Protector is always relevant and evolving to our client\u2019s needs.”<\/p>\n\n\n\n
“Critical illnesses like these can leave lasting effects on clients\u2019 lives, including long term financial burdens. This cover can help to alleviate some of the burden,\u201d says Pillay.<\/p>\n\n\n\n
Support for early cancer and mild illness<\/strong><\/h3>\n\n\n\nLiberty has also enhanced the Living Lifestyle benefit – Extended Option to include Early Cancer and Mild Illness Cover<\/em>, providing financial support for less severe conditions that still require attention. <\/p>\n\n\n\nFor example, the policy pays out 10% of the Living Lifestyle sum assured for treatments like the removal of pre-malignant lesions or brief hospitalisation for conditions such as Guillain-Barre Syndrome.<\/p>\n","protected":false},"excerpt":{"rendered":"
Millions of people around the world are affected by breast and prostate cancers, the number of new\u00a0cancer\u00a0cases continues to increase at an alarming rate. <\/p>\n","protected":false},"author":57,"featured_media":800583,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[11127,499],"class_list":["post-800572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-liberty","tag-standard-bank"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/800572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=800572"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/800572\/revisions"}],"predecessor-version":[{"id":801229,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/800572\/revisions\/801229"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/800583"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=800572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=800572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=800572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}