Absa Life Insurance
Absa Life Insurance offers a wide range of cover options - including death,
disability, critical illness cover, together with income protection - so
you can meet all your insurance needs and protect your loved ones and
yourself with a single, comprehensive policy.
Absa Life Insurance Benefits
- Death Benefit is vital if you have dependents and are concerned about providing for their future. On death, a lump sum payment is made to protect your estate or to provide for your dependents’ financial future.
- Accidental Death Benefit though less comprehensive than the full Death Benefit, but, should death result from an accident, your estate and your dependents’ financial future will be provided for.
- Functional Impairment Benefit so that a payment can be made in the event of a loss of functional capacity that reduces your ability to perform functions and activities that form part of your daily life.
- Physical Impairment Benefit so that a payment can be made in the event of an unnatural, accidental or incidental loss of ability due to an injury or accident. This benefit will help you pay for home modifications or maintaining your current lifestyle during your adjustment period.
- Critical Illness Benefit helps out when traditional medical aid is exhausted and you need protection from the cost of treatment and recovery. Depending on your level of cover a lump sum payment will be made for you to use on diagnosis of a critical illness.
- Own Occupation Disability Benefit covers you when you are injured or fall ill and it is impossible for you to carry out the duties of your chosen occupation.
- Own or Similar Occupation Disability Benefit is similar to the ‘Own Occupation Disability Benefit’, but covers you if are unable to work within your chosen career or a similar working environment.
- “Catch All” Disability Benefit, the most comprehensive of all the disability benefits, protects you against either a “total” or “partial” inability to perform the normal activities of your daily life.
- Final Expenses Benefit is the equivalent of a funeral policy, a lump sum payment will be made within 48 hours of death to meet the immediate funeral expenses.
- Income Protection Benefit will provide you with a regular income, either temporarily or permanently, if you are unable to work.
- Business Overheads Expense will cover your business's overhead costs while you are unable to.
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