More information on the BENEFITS under Life Insurance
Death Cover
- Life / Death Cover
- Cover that will pay out at your death, natural or accident.
- It will pay out to your beneficiaries or Estate
- To provide an income and financial security for the surviving family. It will also assist in payment of debt, outstanding bonds, estate duty and other cost when you die.
- Accidental Death
- It will only pay if your death was due to an accident
Disability Cover
- Disability Lumpsum
- Payment links to your ability to perform in an occupation
- Own Occupation = The specific occupation that you stated on the contract
- Reasonable Occupation = An occupation which you can perform in with your past and current experience.
- Disability Income
- If valid claim, you will receive a monthly income
Dread Cover
- Severe Illness / Dread Disease Cover
- To provide cover for the cost of making lifestyle adjustments as a result of surviving a severe illness
- To assist with your medical bills
Impairment Cover
- Functional Impairment
- Payment when there is a loss of use of a body part
- Physical Impairment
- Payment when there is a physical loss of a body part
Funeral Cover
- Funeral Cover
- Payment on the submission of a Death Certificate
- Payment to a beneficiary for funeral expenses
Retrenchment Cover
- Retrenchment
- Only a few occupations qualify for this benefit
- It will either pay:
- A salary for a few months
- Pay the premium of the insurance contract