Short term insurance may look attractive to many, but is it really a good option?
Term insurance is similar to a life policy, except that it is only viable for a certain period. The length of the term is decided with the help of your insurer.

In South Africa a short-term insurance policy is a short term policy which relates to risks in fixed assets (i.e. buildings and equipment) located in South Africa. It also refers to any risk where the insured is a South African-resident or he or she has a registered office or principal place of business in the country. It can thus be concluded that short term insurance is a non-renewable, inexpensive source of coverage.

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