There’s a pretty great penguin colony site seeing area in Cape Town called Boulders Beach for those of you that happen to visit and are keen to see them up close.
Indeed it is forced savings but with the benefit of covering your funeral expenditure if it is required suddenly and unexpectedly.
For context, it might cost you $5 per month, and give you funeral cover of $500.
As OP mentioned it is very common in South Africa, likely owed to the unpredictable life expectancy. All the large insurers offer it, it’s a massive market.
https://www.dw.com/en/musk-vs-openai-trial-to-get-underway/a...
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