INSETA
Insurance Sector Education and Training Authority
Official Website
Type
Sector Education and Training Authority
Established under
Skills Development Act, 1998
Overview
Covers insurance, reinsurance, pension funding, risk management, and related financial advisory services.
Key Functions
Each SETA is mandated to develop sector skills plans, manage learnerships and internships, approve workplace skills development plans, disburse skills development grants, and ensure quality assurance of training.
Employer Obligations
Employers with an annual payroll exceeding R500,000 must pay 1% of total payroll as the Skills Development Levy (SDL). 80% of levies collected are transferred to the relevant SETA.
SIC Codes covered by INSETA (8)
| SIC Code | Description |
|---|---|
| 65110 | Life insurance |
| 65120 | Non-life insurance |
| 65121 | Health insurance |
| 65122 | Travel insurance |
| 65123 | Transport insurance |
| 65129 | Other non-life insurance |
| 65200 | Reinsurance |
| 65300 | Pension funding |
FAQ
How do I contact INSETA?
Visit the official website at https://www.inseta.org.za/ for contact details.
Which SIC codes fall under INSETA?
The allocation was published in the Government Gazette of 22 July 2019.