VAAL TRIANGLE - Vaal Triangle and other South African residents have been assured that they cannot lose their life insurance if they test positive for COVID-19, after such rumours were being circulated on social media. According to the Financial Sector Conduct Authority, you cannot lose your life insurance if you test positive for COVID-19. Head of Insurance at Standard Bank Group, Felix Kagura, said it is surprising that this rumour has been going around not only in South Africa but overseas as well. However, he says the advantage we have in South Africa is that the regulator has gone out to indicate clearly that this rumour is false. The regulator has further also made it clear that spreading false information about COVID-19 is a criminal offense.