{"id":1795,"date":"2017-10-19T10:49:23","date_gmt":"2017-10-19T08:49:23","guid":{"rendered":"https:\/\/www.namfisa.com.na\/educates\/?p=1795"},"modified":"2025-07-16T10:00:59","modified_gmt":"2025-07-16T08:00:59","slug":"financial-education-is-crucial","status":"publish","type":"post","link":"https:\/\/www.namfisa.com.na\/educates\/financial-education-is-crucial\/","title":{"rendered":"Financial Education Is Crucial"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1795\" class=\"elementor elementor-1795\">\n\t\t\t\t<div class=\"elementor-element elementor-element-23b0ea1e e-con-full e-flex e-con e-parent\" data-id=\"23b0ea1e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3faa5ee elementor-widget elementor-widget-egovenzsectiontitle\" data-id=\"3faa5ee\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"egovenzsectiontitle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"section-title-wrapper border-light text-left\"><div class=\"title-wrap\"><h3 class=\"section-title\">Financial Education<\/h3><span class=\"title-separator separator-border theme-color-bg\"><\/span><\/div><!-- .title-wrap --><div class=\"section-description\">While financial education is essential, it does not absolve financial institutions of their duty to provide consumers with clear and understandable information before contracts are signed.\n\nThis need is even more urgent in today\u2019s challenging economic environment. According to the Namibia Financial Stability Report (April 2017), the Non-Banking Financial Institutions (NBFIs) sector remains stable and poses no systemic risk. Asset growth in the NBFIs sector is expected to continue, but consumers still need a better understanding of the financial products and services they use.<BR><BR>\n\nConsumers should critically assess the inflation figures used by medical aid funds and insurers to set contributions and premiums\u2014often resulting in higher out-of-pocket expenses. Read more in this edition.<\/div><!-- .section-description --><\/div><!-- .section-title-wrapper -->\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-37cf0dd elementor-widget elementor-widget-egovenzsectiontitle\" data-id=\"37cf0dd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"egovenzsectiontitle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"section-title-wrapper border-light text-left\"><div class=\"title-wrap\"><h5 class=\"section-title\">Other factors that sometimes lead to inflations are:<\/h5><\/div><!-- .title-wrap --><div class=\"section-description\"><\/div><!-- .section-description --><\/div><!-- .section-title-wrapper -->\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-af7dac0 elementor-widget elementor-widget-egovenziconlist\" data-id=\"af7dac0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"egovenziconlist.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"icon-list-wrapper\"><ul class=\"nav flex-column vertical-icon-list\"><li class=\"icon-parent\"><span class=\" icon-theme-color ti-check\"><\/span>Money laundering and terrorist financing (They are criminalised by law in Namibia and can be committed by abusing services in the financial sector.)<\/li><li class=\"icon-parent\"><span class=\" icon-theme-color ti-check\"><\/span>Insurance fraud (which is going to be discussed in this bulletin for you to have a broader overview and to take necessary precautions.)<\/li><\/ul><\/div><!-- .icon-list-wrapper -->\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f747f93 elementor-widget elementor-widget-egovenzsectiontitle\" data-id=\"f747f93\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"egovenzsectiontitle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"section-title-wrapper border-light text-left\"><div class=\"title-wrap\"><h3 class=\"section-title\"><\/h3><span class=\"title-separator separator-border theme-color-bg\"><\/span><\/div><!-- .title-wrap --><div class=\"section-description\">We encourage consumers to speak up and visit NAMFISA for any issues concerning their financial rights and responsibilities. NAMFISA offers multiple channels to submit complaints, as outlined in this edition.  Don\u2019t hesitate\nto visit the NAMFISA Consumer Education website:\nwww.educates.namfisa.com.na for more information and for you\nto log any query related to NAMFISA Consumer Education<\/div><!-- .section-description --><\/div><!-- .section-title-wrapper -->\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Financial Education While financial education is essential, it does not absolve financial institutions of their duty to provide consumers with clear and understandable information before contracts are signed. This need<\/p>\n","protected":false},"author":1,"featured_media":780,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"footnotes":""},"categories":[429],"tags":[],"class_list":["post-1795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editors-desk"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/posts\/1795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/comments?post=1795"}],"version-history":[{"count":7,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/posts\/1795\/revisions"}],"predecessor-version":[{"id":35430,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/posts\/1795\/revisions\/35430"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/media\/780"}],"wp:attachment":[{"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/media?parent=1795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/categories?post=1795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/tags?post=1795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}