Lockdown retrenchments increase six fold
Insurance group Liberty’s retrenchment claim statistics for 2020, released on May 19, give an indication of just how many people lost their jobs in the formal sector as a result of Covid-19. Between August and October last year, the insurer was processing more than 60 retrenchment claims a month, reported TimesLive (20 May 2021).
More than R500-m was paid out by Liberty to cover confirmed Covid-related death and health-related claims, with death being the leading cause. Covid-19 related funeral claims peaked during the first wave, with most claims coming from the Eastern Cape, Gauteng and the Free State. But the company said it probably paid out more than R575-m in Covid-related claims, given that some Covid-19 deaths were recorded as natural causes.