The Savings Association of South Africa's (Asisa) latest claims report shows that South African consumers are struggling to pay for their insurance policies and are dipping into past savings to make ends meet. As conditions became tougher for consumers generally in 2022, roughly 8.4 million insurance policies lapsed last year, and consumers withdrew almost 700 000 savings policies early. We are in conversation with Standard Bank Head: Life Assurance, Elaine Marcus on why South Africans are ditching their life insurance policies and what affordable options are there on the market.