AIDS Treatment Successes Could Revolutionize Funeral Market.

According to the magazine “Money Marketing” of 31 December 2014 AIDS treatment is increasing life expectancy, and therefore the funeral policy market can expect to see the development of new products which could boost South Africa’s gross household savings by as much as 15%.

Life expectancy has risen from a low of 54 years in 2003 to 61 years in 2012. The number of patients receiving ART (antiretroviral treatment) has increased from 50 000 in 2004 to more than 2,3 million in 2013 in South Africa. Researchers from Stellenbosch University and Deloitte believe that there is an opportunity to design products that could encourage policyholders to maintain their payments. Cash-backs on funeral policies could offer opportunities for reinvestment, while surrender values on funeral policies could directly boost the savings of policyholders.

“All things being equal, the new business profitability on our model portfolio of funeral policies could be boosted by as much as 60% under our more aggressive mortality scenarios,” stated Marius Strydom, independent researcher.

At the end of 2013 35 million people were living with HIV globally. An estimated 39 million people have died from AIDS-related causes world-wide. The goals set for the national strategic plan for HIV and AIDS include:

  • reducing new HIV infections by at least 50%
  • initiating at least 80& of eligible patients on antiretroviral treatment, with 70% alive and on treatment five years after initiation.

Embalming Course

Seven persons have booked for the first training session which will take place from 9 – 20 March 2015 at Thom Kight and Co in Johannesburg.

The next session will run from 13 – 24 April with 2 seats booked already.

DON’T DELAY, BOOK TODAY!

2015 AGM & Conference

The auction at the gala dinner raised R16 000-00.

Mr Rey von Rönge was awarded Honorary Membership at the gala dinner for the years of faithful and loyal service in the advancement and furtherance of the funeral profession.

17 members committed to sponsoring the 2015 Inland region golf day.

THANKS TO THE DIAMOND REGION AND ESPECIALLY FREDDIE VAN NIEKERK FOR PLANNING AND ARRANGING THE AGM, CONFERENCE AND GALA DINNER. YOU ROCK !!!!

The 2015 Funeral Expo will take place on 25 – 26 August at the Sandton Convention Centre and will be managed by the NFDA executive committee.