Statement 802: The Measurement of the Access to Financial Services Element of Broad-Based Black Economic Empowerment as it relates to the Long-Term Assurers
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Introduction

 

The Financial Sector acknowledges that access to first-order retail financial services is fundamental to transformation and to the development of the economy as a whole.

 

The Long Term Insurance industry undertakes to make available appropriate first-order retail financial services, affordably priced and through appropriate and accessible physical and electronic infrastructure to the Financial Sector Code target market.

 

Arrangement of this statement

 

1. Objectives of this statement

2. The Access Scorecard as it relates to all members of the Long-Term Insurance Industry

3. The definitions, standards, target markets and key measurement principles of Access