To amend the Long-term Insurance Act, 1998, so as to require the Authority to prescribe rules relating to the protection of a policyholder of multiple funeral policies for the same beneficiaries; to require a long-term insurer to offer disclosure within a certain period to existing policyholders related to the consequences of holding multiple funeral policies for the same beneficiaries; to provide that a policyholder of a funeral policy is entitled to cancel any of the multiple funeral policies held for the same life event; to provide that non-disclosure of a funeral policy for the beneficiary does not affect the validity of an affected funeral policy; to provide for a sanction in the event of a failure of a long-term insurer to comply with certain rules and disclosure obligations; and to provide for matters connected therewith.
Introduction
Portfolio Committee
National Assembly
Select Committee
National Council of Provinces
Sent for Assent
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| TITLE | BILL NO. | DATE |
|---|---|---|
| Long-Term Insurance Amendment Bill (B17–2026) | 2026-06-08 |
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