Suicide is prevalent among business owners - insurance advisor

According to reports, the number of people committing suicide grew by 20% in 2016 compared to the previous two years (2015 and 2014).

The rise in suicides has been attributed to tough economic conditions.

Insurance advisor Karina Namhing says other insurance providers have reported more than 30% suicide deaths, which is quite scary.

Suicide is actually more prevalent with business owners, which is frightening. That is why there are so many underwriting criteria.

Karina Namhing Director, Advice and Intermediary Insurance Services

Namhing highlighted the fact that a lot of people don't know that there is two years suicide clause across the industry.

The two years suicide clause simply means a life insurance company will not pay death benefits if the policyholder commits suicide within a specific period of time after their policy takes effect. However, after those two years are up, the suicide clause is no longer applicable.

There is a reason why there is a two years suicide clause because it is more common than what people think it would be.

Karina Namhing Director, Advice and Intermediary Insurance Services

702's Gugs and Sizwe also spoke to clinical psychologist Dr Eddie Wolf about why people feel the need to commit suicide.

Listen below to hear how Dr Wolf put into context the reason people commit suicide:

Read More
Eskom's delayed renewable energy deal 'economic suicide', says expert

Eskom's delayed renewable energy deal 'economic suicide', says expert

Energy expert Ted Blom explains that the signing of power agreements with the renewable energy industry will sink Eskom further.

Technobyte: Facebook tool to help prevent suicide

Technobyte: Facebook tool to help prevent suicide

A resource to help prevent suicide, a new battery with three times more power and a mobile robot to work with security guards.

Life expectancy up and mortality rate down 3%, says Stats SA boss

Life expectancy up and mortality rate down 3%, says Stats SA boss

Statistician-General Dr Pali Lehohla has released the latest mortality rates and causes of death report and explains the findings.

Retired elite athlete opens up about post competitive depression

Retired elite athlete opens up about post competitive depression

In light of former rugby player Dan Vickerman's suicide, former Olympic rower Lee-Ann Persse talks about life after competition.

We need support structures for sports stars once they retire - psychologist

We need support structures for sports stars once they retire - psychologist

SA-born former Australian rugby player Dan Vickerman's possible suicide has raised the issue of how to cope when a career ends.

John Maytham's Book Review: Suicide notes, family dramas and penguins...

John Maytham's Book Review: Suicide notes, family dramas and penguins...

Take a listen to John's book picks for the week.

Popular articles
Best bank ad ever? Andy Rice reviews Investec’s “you’re more than data”

Best bank ad ever? Andy Rice reviews Investec’s “you’re more than data”

The Money Show’s Bruce Whitfield interviews the advertising expert about the best and worst new advertisements.

Police apparently mulling over warrant of arrest after Grace Mugabe a no-show

Police apparently mulling over warrant of arrest after Grace Mugabe a no-show

EWN understands that lawyers representing the Zimbabwean first lady are negotiating with officers at the Sandton police station.

[LISTEN] 20-year-old SA woman traumatised by Grace Mugabe's assault

[LISTEN] 20-year-old SA woman traumatised by Grace Mugabe's assault

Gabriella Engels says she is saddened by people who are calling her names on Twitter before they understand the full story.

Traffic gridlocked as Imizamo yethu residents make their way to Cape Town

Traffic gridlocked as Imizamo yethu residents make their way to Cape Town

About 40 minibus taxis, in a convoy at a very low speed, are transporting Imizamo Yethu residents into CT for a planned protest.

Words you’ll hear: Grace Mugabe's latest nickname

Words you’ll hear: Grace Mugabe's latest nickname

Find out why Zimbabwe's First Lady should be dubbed with the moniker 'extension cord'.

Discovery CEO (and founder) Adrian Gore bares his soul about money

Discovery CEO (and founder) Adrian Gore bares his soul about money

The Money Show’s Bruce Whitfield interviews Gore about his attitude to money (hopes and fears, successes and failures, etc.).

Ocean Basket gives franchise owner the chop after assault video

Ocean Basket gives franchise owner the chop after assault video

The man was immediately divested of his shares and is no longer part of the group, explains Ocean Basket CEO Grace Harding.

WATCH: Cape schoolkids 'starstruck' after Trevor Noah,  Charlize Theron drop by

WATCH: Cape schoolkids 'starstruck' after Trevor Noah, Charlize Theron drop by

Oaklands High principal Reza Patel says it was an extremely exciting experience for both the learners and staff. We can imagine!

CoCT explains new electricity tariffs

CoCT explains new electricity tariffs

Following residents concerns over new electricity tariffs and properties being re-evaluated, Johan van der Merwe provides clarity.