Life Cover
Why do you need Life Cover?
Life cover is more than a safety net – it’s an investment in the future of your loved ones. Protecting your family’s future with life cover gives you peace of mind, knowing that they will be taken care of no matter what.
Life cover is the greatest gift you can give to your family-a legacy of financial security and stability. The impact of your legacy goes beyond what you leave behind – it’s also about ensuring that your dependents can continue to build their own future with peace of mind.
Protect the financial future of your loved ones with our life covers.
Who should consider having life Cover?
Generally, anyone who has dependents or loved ones who would be financially impacted by their death should consider taking out life cover.
This includes:
- People with spouses, children, or other family members who rely on their income.
- People who have debts, such as a home loan, that their family would need to repay if they were to pass away.
- People who want to ensure that their loved ones are taken care of financially, no matter what happens.
It’s important to consider your individual circumstances when deciding whether or not to take out life cover.
Life cover is the greatest gift you can give to your family-a legacy of financial security and stability. The impact of your legacy goes beyond what you leave behind – it’s also about ensuring that your dependents can continue to build their own future with peace of mind.
Protect the financial future of your loved ones with our life covers.
Life Cover Plans
Life cover with investment
This enables you to accomplish two goals simultaneously, life cover and investment.
Key Features
- Can be taken as a policy term (Minimum 5 years) or for whole life.
- Entry age: 17 – 65
- Medical requirements compulsory
- Cover level can be up to 5million.
- The balance invested is payable prior death at maturity date or on death before maturity.
Optional Benefits
Financial provider is flexible enough for you to design a solution that fits your specific needs and budget. You can choose benefits to add on your policy.
Cash Withdrawal Benefit
Before death, this offers the opportunity to cash out some accumulated value.
Accidental Benefit
Extra protection in the event of accidental death. A lumpsum is paid out in the event of the policyholder’s death due to an accident.
Occupational Disability
Should you become disabled to the extent that you are totally and permanently unable to do your job, you will receive a payment.
Disability Waiver Benefit
If disability prevents you from working, the policy premium is waived.
Terminal Benefit
If diagnosed with a terminal illness, you will receive a lump sum amount that can be utilised in the future to cover any hospital bills or medical expenses.
Major Medical Benefit
It protects against high medical costs by providing financial coverage for various medical expenses, such as hospitalization, surgery, and other treatments.
Hospital Cash back benefit
In case of hospitalisation, we take care of finances for policyholders to focus on their health. Daily cash is paid out during hospitalisation of policyholders.
Optional funeral benefit of up to M15 000.
Premium
Premiums are highly dependent on age, gender, overall health, cover level and other factors. For more details, speak to one of our financial advisors.
Future choice and Life cover isn’t just about providing financial stability for your family – it can also be used to secure a brighter future in other ways. For example, Future Choice and Life Cover can be used as collateral for a home loan or for any form of debt such yellow plant or heavy trucks, giving your loved ones the opportunity to invest in their future. This means that your life cover policy can not only provide financial protection, but also help to build your family’s legacy.
Basic Life Cover Benefit
| Minimum | Maximum | |
|---|---|---|
|
Cover |
M200,000 |
M5,000,000 |
|
Policy Term |
5 years |
The lesser of either 30 years or 81 - age next birthday at entry |
|
Entry Age |
15 years |
66 years |
Cash back bonus every 5 years.
Add-on Benefit
Occupational Disability
You can also add on Occupational Disability as an accelerator to your policy. This benefit provides you with additional protection if you become disabled and unable to work due to an injury or illness. This can give you peace of mind, knowing that you and your family are protected in the event of an unexpected illness or injury.
Premium
Premiums are highly dependent on age, gender, overall health, cover level and other factors. For more details, speak to one of our financial advisors.
Stand-alone life cover that provides financial security to the family in case of the unfortunate death of the policyholder. It can be taken as a whole life or term policy that pays a lump sum benefit on death of the life insured. It may also be used as debt security if the maximum cover is selected.
| Minimum | Maximum | |
|---|---|---|
|
Cover |
M50,000 |
M1,500,000 |
|
Policy Term |
5 years |
35 years / whole life |
|
Entry Age |
15 years |
65 years |
Special Benefits
Free accidental death cover
Cashback bonus after every 5 years
Life Cover Premium
Life cover premiums are highly dependent on age, gender, overall health, cover level and other factors. For more details, speak to one of our financial advisors.
