Table 2 Demographic information Age...

Table 2

Demographic information

Age	Count	%	Education	Count	%	Consultations¹	Count	%
Undisclosed	1	1.0	Undisclosed	1	1.0	Friends/Family	16	15.7
Under 30	16	15.7	None	3	2.9	Financial Adviser	67	65.7
31 to 40	13	12.7	Matric	21	20.6	Others	8	7.8
41 to 50	16	15.7	Diploma	23	22.5	Undisclosed	3	2.9
51 to 60	29	28.4	Undergraduate	12	11.8
61 to 70	20	19.6	Postgraduate	42	41.2
Over 70	7	6.9

Age	Count	%	Education	Count	%	Consultations¹	Count	%
Undisclosed	1	1.0	Undisclosed	1	1.0	Friends/Family	16	15.7
Under 30	16	15.7	None	3	2.9	Financial Adviser	67	65.7
31 to 40	13	12.7	Matric	21	20.6	Others	8	7.8
41 to 50	16	15.7	Diploma	23	22.5	Undisclosed	3	2.9
51 to 60	29	28.4	Undergraduate	12	11.8
61 to 70	20	19.6	Postgraduate	42	41.2
Over 70	7	6.9

Cost² (000)	Count	%	Providers³	Count	%	Income (000)⁴	Count	%
Undisclosed	1	1.0	Discovery	19	18.6	Undisclosed	1	1.0
Below 2	32	31.4	Santam	56	54.9	Below 19	11	10.8
2–4	38	37.3	Old Mutual	3	2.9	19–68	14	13.7
4–6	15	14.7	Naked	1	1.0	68–197	10	9.8
6–8	7	6.9	Pineapple	0	0.0	197–400	23	22.5
8–10	6	5.9	Others	20	19.6	400–688	12	11.8
Over R10	3	2.9				688–1480	22	21.6
Undisclosed	2	2.0				1480–2360	5	4.9
Nobody	9	8.8				Over 2360	4	3.9

Cost² (000)	Count	%	Providers³	Count	%	Income (000)⁴	Count	%
Undisclosed	1	1.0	Discovery	19	18.6	Undisclosed	1	1.0
Below 2	32	31.4	Santam	56	54.9	Below 19	11	10.8
2–4	38	37.3	Old Mutual	3	2.9	19–68	14	13.7
4–6	15	14.7	Naked	1	1.0	68–197	10	9.8
6–8	7	6.9	Pineapple	0	0.0	197–400	23	22.5
8–10	6	5.9	Others	20	19.6	400–688	12	11.8
Over R10	3	2.9				688–1480	22	21.6
Undisclosed	2	2.0				1480–2360	5	4.9
Nobody	9	8.8				Over 2360	4	3.9

P2P usage⁵	Count	%
Yes	3	2.9
No	99	97.1

Note(s): ¹This is the type of consultations respondents made before engaging in an insurance policy, which includes friends and families

²This represents the cost respondents incurred in their respective insurance policies, presented in South African rand (R), in thousands

³This covers the type of insurance providers respondents deal with, while purchasing short-term insurance policies

⁴This is the annual income earned by the respondents, presented in South African rand (R), in thousands

⁵The number of respondents who partake in peer-to-peer insurance

Source(s): Authors’ compilation

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