Legal Guard hopeful despite market turbulence

Ratlhaga PIC: PHATSIMO KAPENG
Ratlhaga PIC: PHATSIMO KAPENG

Legal Guard, one of the country's legal insurance players, is hoping to bounce back from a tough period in which the general industry has seen increased policy lapses due to difficult economic conditions.

The insurance sector, one of many dented by the COVID-19 effects, has been recording high policy cancellations from clients who have lost incomes or jobs as a result of the pandemic.

Insurance is often seen as luxury by many, especially legal cover, and is among the spending items jettisoned first when tough economic times appear. Financial services giant, BIHL recently revealed that the difficulties encountered by customers in the first half of the year had manifested in policy lapses and an increase in the early maturity termination of investment portfolios by clients.

Editor's Comment
Implement the recommendations Mr. President

The nation is eagerly awaiting this report to have a glimpse of what the recommendations are like, possibly for further debate. Mr. President, it’s our ardent hope that true to your promises, the public will have an opportunity to peruse the report and see if it reflects their interests as the Commission went around the length and breadth of the country collecting views of the people with some choosing to write to the Commission’s...

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