Life Insurance South Africa, All You Need to Know

Life Insurance South Africa, All You Need to Know

With the ever-increasing rate of crime and violence in South Africa, it has become quite necessary to seek protection from potential casualties or even death. One of such way is to buy a life insurance cover. As a matter of fact, this is one of the best things you can do for yourself and your family. { Life Insurance South Africa, All You Need to Know }

The ideal life insurance package should cover your family adequately in the event of your death. It will also take care of your funeral expenses taking the strain off your relatives.

life insurance south Africa

Top Life Insurance South Africa

Some of the reputable insurance companies with robust life insurance packages have been highlighted in this article.

Life Insurance South Africa, All You Need to Know

  • 1Life

1Life is one of the major providers of life insurance in South Africa. The company understands this concept so well and this is obvious with its comprehensive life insurance plans.

Also, they offer adequate cover to take care of funeral expenses. In the case of debilitating diseases like cancer and stroke, the company also provides a robust package. For instance, the life insurance package offered by 1Life pays the individual a monthly income in the event of a disabling injury.

Additionally, the premium at 1Life is really affordable and there is little or no paper work to be done when you’re buying the cover. In fact, it can be done from the comfort of your home.

  • OldMutual

OldMutual is another reputable insurance provider that also offers comprehensive life insurance.

In the event of death, OldMutual will pay a lump sum to your family so that they don’t suffer the strain of your absence financially. Also, in the event of a disability that affects your ability to work, there’s also a lump sum available that takes care of your necessary expenses.

OldMutual also offers professional advice and can help you draft your will to ensure your assets are properly allocated in the event of your death.

If you need more information on the life insurance cover offered by OldMutual, you can request advice using the call me back form on their website.

  • Hippo

Hippo is one of the major life insurance companies in South Africa that has been working round the clock to ensure that 30% uninsured south Africans are insured.

Their package is quite flexible and the response time when you have to request for their service is quite fast.

In addition to the life insurance, Hippo also offers funeral insurance and medical aid

  • OUTsurance

Reputed to provide one of the best packages for life insurance South Africa , OUTsurance provides cover against death, disability and critical illnesses.

Once you pay your premium you have a five year guarantee. Also, OUTsurance provides a cash OUTbonus if you have no claims after a number of years.

In situation, where you might need medical assistance, OUTsurance can send you a nurse to help take your blood sample.

  • Hollard

Hollard provides a wide range of comprehensive insurance packages and one of such is their life insurance package.

It is quite easy to buy the life insurance cover offered by Hollard. As a matter of fact, you don’t need to carry out any medical test or fill a long form. Everything can be done online from the comfort of your home.

In the event of death, you can get a funeral benefit of R50 000 that covers the training of your children. There is also a benefit of R30 000 funeral benefit that covers you and your partner.

If there’s no emergency after a period of 5 years, you can receive a cashback of 20%

Wrapping up

As stated earlier life insurance South Africa, Life Insurance is a neccessity and this article has provided you with many options. However, if you need further clarity from any of these firms, you can visit their website.

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Tags: life insurance South Africa , life insurance companies in South Africa

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