Get a life cover quote for peace of mind that your family and loved ones will be financially provided for in the event of your death.
Calculate your personalised life cover premium discount of up to 35% with LifeReturns® to save on your monthly premiums. LifeReturns® is a modern approach to calculating maximum discounts on your monthly life cover premium using the latest digital technology to quickly and accurately assess your health risk factors that are used to calculate your monthly premium price.
- Settle significant debt like a bond, credit card or car repayment.
- Ensure your legacy continues knowing there's enough money to pay for your children's education and living expenses.
- Save up to 35% on your monthly premium with a personalised LifeReturns® premium discount.
What is life cover?
Life cover ensures that your financial responsibilities are taken care of in the event of your death. It replaces the income you would have earned during your working life, ensuring that your family is financially secure.
When should I get life cover?
- Discuss the benefits of taking out life cover with a financial adviser.
It is advisable to buy life cover earlier because you never know when you are going to need it and, as you get older, life cover gets more expensive.
- If anyone else depends on your income, you should consider taking out life cover – the earlier the better.
For example, if you’re married, you and your spouse may want to take out life cover for each other. Many married couples rely on 2 incomes to cover their monthly expenses, and if one
spouse dies, the other spouse would need to cover those expenses on one income.
How much life cover do I need?
To find out how much life cover you need, work out what portion of your income your family needs today. Because that is what they will need if you die tomorrow.
The next step is to calculate the lump sum that will generate this income up to your planned retirement age, taking inflation into account. You can select life cover from R100 000 up to R5m.
Find out how with our online life cover quote.
We’re keeping our promises, and paying on our promises
We have a solid reputation for always looking for reasons to pay all valid claims. We understand that every claim represents a family that has lost a loved one or experienced the impact of illness or disability. We’re committed to doing everything we can to ease the financial burdens of these families during this difficult time and remain dedicated to protecting our clients’ journeys to success, no matter what challenges they may encounter. In 2022, we paid 92.98% of the total claims submitted with no Ombud rulings against our claim decisions.
Want to know more?
Claims and payouts
The life cover benefit won't pay out if the person insured dies due to suicide during the first two years of the policy.
The benefit amount will be paid out to the nominated beneficiaries on the policy.
Life cover claims are usually paid within 2 to 5 days of the death of the insured.
No. This benefit is tax-free.
The premium depends on the person insured's age, gender, smoker status, and health as well as the premium pattern chosen at the outset of the policy.
If you skip a payment, the policy won’t lapse as long as we receive a payment within the 30 days grace period.
Cover term and amount
If the person insured chose an increasing cover amount during the application process, the cover amount will increase annually and so will the policy premium.
The person insured can choose how long he/she wants to be covered for - either for life or for a specific term (5 years being the minimum, and 20 years being the maximum).
Yes, the cover amount can be changed through an alteration process.
Minimum: R100 000
Maximum: R5 million