Telkom launches life insurance business with Guardrisk

4 August 2020

On 1 August 2020 Telkom launched Telkom Financial Services, which includes a life insurance business that will initially sell funeral insurance, written out of a Guardrisk Life cell captive, to its more than 12 million customers.

Telkom owns a significant share of South Africa’s mobile market, as of 31 March 2020 the company recorded 23.9% growth in active mobile subscribers, effectively giving it one of the most significant distribution channels for insurance products in South Africa.

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