Section K 65120

Non-life insurance

SIC-7 Code

65120

ETI Eligible

✅ Yes

Description

SIC code 65120 (Non-life insurance) is part of Division 65 (Insurance, reinsurance and pension funding, except compulsory social security) within Section K (Financial and insurance activities).

Compliance Risk Score
10 /10
Verified Official Source
International Crosswalk
Previous Edition Migration
Complete Hierarchy
Size/Threshold Documented
Trade or Export Match
Legacy Crosswalk

Who is this code for

This code typically applies to:

Risk ManagerIdentifies and evaluates potential financial and operational risks.
ActuaryAnalyzes financial risks using mathematics and statistics.
Financial AdvisorProvides guidance on investments, taxes, and financial planning.
AccountantManages financial records and ensures compliance with accounting standards.
Insurance UnderwriterAssesses risks and determines the terms of insurance policies.
Investment AnalystResearches market trends and evaluates potential investments.
Bank ManagerOversees the operations and staff of a bank branch.

Previous Classification (SIC 5)

Under the previous SIC 5 system, this activity was linked to: 82200 - Non-life insurance.

In this section (Insurance, reinsurance and pension funding, except compulsory social security)

Tax & Compliance 2026/27

Corporate27%
BTW / VAT15%
ETIAvailable
WageR27.58/h
View all rates →

SETA Allocation

FASSET
Finance and Accounting Services SETA
BANKSETA
Banking Sector Education and Training Authority
INSETA
Insurance Sector Education and Training Authority

Frequently Asked Questions

Sources: Statistics South Africa | SARS | CIPC