In 2013, 1Life Direct Insurance officially changed its name to 1Life Insurance. There was nothing radical about that and indeed, the company continues to have the same DNA that has made it one of South Africa’s leading life insurance companies.

The 1Life Insurance Company is owned by the Telesure Group, and provides the general life insurance solutions for the Group’s other insurance service providers. Key to 1Life’s success in the past few years has been its insistence on direct insurance. They have no middlemen, and your policy is handled directly by the company. This has allowed them to promote technologies like managing your life insurance policy online. This goes a long way to being efficient, thus winning many accolades for outstanding customer service.

1Life Quotes

Insurance quotes from 1Life have been made easy to access via the internet. With these quotes are the following life insurance products –

Pure Life Cover is a product available to persons between 18 and 65 years old. This is the most comprehensive life insurance that 1Life offers, and covers you and your beneficiaries to a total of R10,000,000. That amount is payable upon your death, where R50,000 is made available immediately for your funeral. Also, R5,000 can be set aside for a memorial benefit. This goes to buying a tombstone for you, thereby ensuring your final resting place is as dignified as possible.

Seeing that taking out life insurance at 18 years for example, is a different issue than when you take it out at decade later, by which time you might be married, 1Life gives you the option to increase your life cover to reflect your changing lifestyle. This is called the Assurability benefit.

And like other life insurance companies, 1Life insures you for terminal illnesses and disability. In the unfortunate event that you are diagnosed with a terminal illness and are expect to die within the next 12 months, the full benefits of your life insurance are paid out to you in cash.

1Life Insurance Contact Details

www.1life.co.za
0860 10 53 40

Life insurance terms explained easily – click here for more!

Life is priceless, that’s why Clientele Life stands for quality livelihoods and making sure your family is provided for. With Clientele life insurance products, you guarantee your family will be taken care of when you are no longer able to – this could be because of disability and even death – and this all for as little as R130 per month.

Clientele Insurance

Clientele Life Insurance makes financial soundness a reality, especially in the tough economic times that South Africans find themselves in. With three life insurance offers, you’ll definitely find the right life insurance from Clientele, or quotes from our life insurance insurance partners.

Lasting Dignity Cash Back Plan

This is Clientele’s most popular life insurance product, and has been since the company’s early days. The Lasting Dignity Cash Back plan will cost you a mere R130 per month, which is a small amount to part with considering the benefits made available to you thereafter. These benefits include a R10,000 initial payment for your funeral, a cash back facility after 60 months of not claiming, accidental death insurance, and critical illness insurance.

Premium Life Plan

With the Premium Life Plan, you get cover of up to R10,000,000.00. That’s more than what many other life insurance companies offer, and this amount can go a long way in providing for things like your funeral of course, settling your outstanding debts, and securing the financial future of your beneficiaries. You can also choose additional critical illness and disability insurance with a Premium Life Plan.

Cancer Plans

A growing number of South Africans are being affected by cancerous illnesses. Therefore, both the young and old need the best life insurance cover to protect them at their times of need. Clientele Life has specialist cancer insurance, where you can receive a payout of up to R300,000. Through the course of your life policy, you will also receive R800 twice every 5 years for breast cancer screening.

Clientele is a life insurance company that cares, and not just for its bottomline.

Clientele Life Insurance Contact Details

011 320 3000
www.clientele.co.za

Life insurance terms explained easily – click here for more!

Affordable life insurance doesn’t have to mean bad service, limited coverage, or any of the things that are associated with affordability. On the contrary, 1Life Insurance is a good example of how a life insurance company should be. The life insurer was established in 2006 at the Telesure Group’s first life insurance company in South Africa.

Life insurance terms explained easily – click here for more!

More about 1Life Insurance South Africa

1Life gives you direct contact with them, and has eliminated the broker system that other life insurers have, and this ultimately gives you control over your life insurance needs. 1Life has various life insurance products under its portfolio, and they are as follows –

• R10,000 life insurance cover
• Premiums from as little as R105 per month
• Fixed premiums for the first 24 months
• Immediate cover for natural and accidental death. There is however, a waiting period of 24 months for suicides.
• The Pay Now benefit from 1Lif Insurance ensures that your family receives at least R50,000 when they have made a successful claim upon your death. This will go towards your funeral expenses.
• If you are diagnosed with a terminal disease after you have taken your policy, and your doctor expects your life expectancy to be within the next 12 months, your full life insurance cover will be paid out in full.

The above are the main benefits of having a life insurance policy with 1Life. Through the Telesure Group, 1Life Insurance extends also extends its life cover to its sister companies. For example, Budget Insurance is mainly focused on car insurance, however, it is growing in the arena of life insurance with the help of 1Life.

Other benefits from this life insurer include free HIV testing and counselling if you are diagnosed with the disease. This is important as your health is arguably the most important variable that determines your life insurance premiums.

So, you can get a quote online, manage your policy, and make claims online with 1Life. That’s got to be a good reason to consider being a client of them.

1Life Insurance Contact Details

www.1life.co.za
0860 10 53 40

Budget life insurance is a recent offering from the insurance company better known for its motor vehicle insurance. Budget Life gets its expertise by sharing the resources and knowledge of its sister life companies under the Telesure Group. Budget Life has comparative life insurance quotes that reflect your eventual policy premiums.

Basic benefit life cover is the first of Budget’s life insurance products. With this, you can get up to R200,000 of life insurance, and as low as R50,000. These two lump sum amounts depend on your monthly premiums.

Elevated life insurance cover is the more premium option. Its cover starts at R200,000 to a maximum of R10,000,000. That’s a lot of money and you should expect to pay more premiums than on the Basic benefit option. Also, with the Assurability benefit, you can increase the amount of cover you require (at any time) to meet your changing lifestyle needs.

The only major difference between the two options is the amount of the total cover. While the two have many commonalities. These include the following –

With both the Basic and Elevated life insurance covers, you get –

Immediate cover for accidental death, and a two years’ waiting period for natural death or suicides.

Like other life insurance companies, Budget Life Insurance determines your life insurance premiums and the minimum amount of cover you need based on your risk profile. For example, a 24 year old can get up to R500,000 at just R86 in monthly premiums.

Both policies cover you should you incur a disability and/or get a critical illness.

R50,000 is paid out within 24 hours of your death to your family for funeral arrangements.

HIV/AIDS testing and treatment from accidental HI virus exposure, thus making Budget Life Insurance South Africa one of the first companies to extend full life insurance cover to HIV positive South Africans.

Budget Life Insurance Contact Details

www.budget.co.za
0860 86 04 44

Life insurance terms explained easily – click here for more!

Dial Direct calls their life insurance product Pure Life Insurance. That’s a simple name, and with good reason – it’s simple life insurance! Dial Direct Life Insurance is newer to South Africa’s life insurance scene, because since the company launched here, it has focused – and with great success – on motor vehicle insurance. Here’s a little bit more about the Dial Direct Pure Life product.

Life insurance terms explained easily – click here for more!

This life insurance is designed to be as simple as possible, however, it comes in two options. These depend on your budget and your lifestyle.

Basic Life Cover

The entire value of your cover is paid out if you are diagnosed with a critical illness. After a maximum two days of making the claim, your beneficiaries can get up to R50,000 for your funeral. Fixed premiums for the first 2 years of your life insurance policy. Pays between R50,000 to R200,000 on your death.

Elevated Life Cover

This is the more expensive option, and the main differences are that it covers you for up to R10-million. This is more of a lifestyle option, where your beneficiaries can completely cover the outstanding balance of your bond for example, and allow your children to complete school at tertiary level without worrying about payments. The Elevated Life Cover opens the option for you to increase your payout amount when major lifestyle changes occur in your life. For example, you could buy Dial Direct life insurance before you get married and have kids, thereafter you would probably need to up your life insurance cover because of this lifestyle change.

As a Dial Direct Life Insurance client, you will be made available to financial assistance and manage your life policy over the internet.

Death can strike at any time, and as such, Dial Direct has made provision to take care of your financial needs if your injure yourself during work. Occupational disablement insurance is an extra option which you can take as a top up to either of your main life insurance policies. However, this goes further than your place of employment and covers you for disability due to accidents.

See other life insurance companies in South Africa.

Dial Direct Life Insurance Contact Details

www.dialdirect.co.za
0860 10 45 80

A Momentum policy provides you with a comprehensive solution to your life insurance needs. Your life policy with Momentum Insurance is there to safe-guard you against life’s risks and what those risks pose to your loved ones. Here, we explain the two life insurance options that can make up your Momentum policy.

Firstly, Momentum offers its basic life cover insurance, Life Cover Provider. With this, you get an industry beating life insurance option. By taking out this policy, you will essentially benefit from Momentum’s many other products like free financial advice. With the Life Cover Provider, you can get up to R3-million as a lump-sum payout when you die.

The second product is Myriad. This Momentum policy aims to cater to your lifestyle adjustments while you are alive. This means that if you stay alive longer, you can enjoy more of the many benefits that Momentum has. A good example is the Longevity programme. In this, you are paid back some of your life insurance premiums in cash for your life’s milestones. This goes well to encourage a healthier and more balanced lifestyle, thus avoiding the many complications that come with growing older.

In summery, Momentum’s second life policy offers you – standard life policy cover which includes life insurance, critical illness and disability insurance, impairment benefits, a future insurability benefit, and a retirement savings booster.

With both policies, you qualify for payout when you suffer a critical illness. This also means that Momentum’s disability insurance cover comes standard with your policy. Furthermore, depending on your risk profile and the record of your payments, you can qualify to get paid a portion of your lump sum amount if you have reached the age of 80 years without ever making a claim.

Momentum Life Policy Contact Details

www.momentum.co.za
0860 665 432

Well done on doing something proactive about looking after your dependants future when you are gone.  Being responsible and taking care of those that love you and need you is a great step in the right direction.  Let’s see what the various life insurance policies have to offer,  not all are the same and seeing that you as an individual have different needs from life, your policy should cater for these needs.

Below are some common features that life policies might include, we have turned them into easy to read icons and will include them if a company offers this service as part of their life policy. This should simplify the process of getting a life policy quote online.

Medical Benefit

Funeral Plan

Disability Plan

Debt Relief

Cash Back

Momentum Life Insurance is one of South Africa’s longest established life insurance companies. The company’s many thousands of underwriters and life insurance brokers work hard to deliver on the company’s promise of protecting your life, and the lives of your loved ones once you have passed.

The following are the different products that make Momentum Life Insurance the best.

Momentum Life Provider

With Momentum’s Provider product, you get life insurance of up to R3-million. This amount, a staggering one at that, is paid out to your beneficiaries when you pass away. However, Momentum understands the urgency of money at the time of death, thus a portion of that amount is paid out to your family within two days of them making a claim.

This option also comes standard with life insurance in the case that you get critically ill, and therefore cannot provide for yourself and your family. Momentum life insurance for disabilities falls under this as well, therefore, should you be injured at work for example, and are unable to have a working livelihood, your insurance policy can be claimed on. Note however, that the policy makes a once-off payment to you if you are disabled.

Myriad by Momentum Life

Myriad insurance is comprehensive cover from Momentum Life. This life insurance offers benefits far greater than what the Momentum Life Provider does, and certainly a deal more than what other life insurers offer. Here, you are incentivised for being alive. If you survive moderate and even critical injuries, your life policy will continue till the day you die. Also, on the day that you retire, you have the option to take out between 35% and 45% of your life insurance premiums in cash.

As part of Momentum Life Insurance, you also qualify for their rewards programme, Momentum Multiply. This rewards programme gives you access to a multitude of discounted products and services, many of which will help you live longer, like a gym membership and discount on food.

And even though Myriad has your bases covered on many levels, it’s important to understand that some events are not covered, and they would be: Cancer, a Heart Attack, Stroke and Coronary Artery Bypass (which are collectively known as the Big 4).

Momentum understands that life insurance is not just about death, but the risks involved throughout your adult life and the lives of your family members.

Momentum Life Insurance Contact Details

www.momentum.co.za
0860 665 432

Life insurance terms explained easily – click here for more!