Life Cover Benefits
- Pays out from R50 000 to R200 000 life cover to a beneficiary/ies of your choice in the event of your death
- R25 000 funeral benefit is paid out to your beneficiary/ies 48 hours after a valid claim has been submitted*
- Includes a terminal illness benefit - if you are diagnosed with a terminal illness and your life expectancy is less than 12 months, your cover amount will be paid out
- Death due to natural causes is covered after 2 years
- Your premiums remain fixed for the first 24 months
- Your cover amount will not decrease while your policy is active
- Covers you for the whole of your life
- Covers you immediately for accidental death
- Suicide is covered after the first two years
- Provides access to Expo-Sure, a confidential HIV testing and treatment programme for accidental exposure.
Benefits
- Your loved ones will have the financial stability that they need when you are no longer here to support them
- You can alleviate the burden of any outstanding debt you may have, so that your loved ones do not have to worry about this
- Our funeral benefit will offer your loved ones some immediate financial relief, and can be used to cover those unexpected expenses including but not limited to funeral expenses
- If your lifestyle changes in future, (e.g. when you get married, buy a home or start a family) you have the option to increase your life insurance cover with us, which provides you with greater peace of mind.
- We will pay out to up to ten beneficiaries of your choice in the event of your death
How Much Does It Cost
Your Life Cover premium is based on your specific risk profile (each individual is different) and this has an impact on the premium you will pay. Your premium depends on factors like your age, gender, occupation and health status
Take Linda for example. She is a 26-years old personal assistant who has just found out that she is pregnant and is very excited to share this news with her mother. Linda hopes for a daughter and has spent some time imagining what her child will grow up to be. Linda can get R1 million life cover from 1Life for around R145 per month. This will ensure that, should Linda not be around one day, her daughter will never be denied the opportunities that Linda wants so much for her.
Qualifying Criteria
- Between the ages of 18 and 65 years
- South African citizen
- Bank account that allows a monthly debit order
- Add Dread Disease and/or Disability Cover to your Life Cover