Cashback Lifestyle life insurance

INSURED AMOUNTS

Insured amounts range between the following minimum and maximum values

MinimumR30 000
MaximumR500 000

INSURED AMOUNT PAYMENTS

Duration of policy% of the insured amount to be paid
Less than six months0%
Six months or more but less than 12 months25%
12 months or more but less than 18 months50%
18 months or more but less than 24 months75%
24 months or more100%

DEATH COVER PAYMENTS

Death cover pays out in three steps

  1. Funeral accelerator
    10% of the insured amount on death
  2. Lump sum benefit
    70% of the insured amount after underwriting has been done
  3. Survivor benefit 20% of the insured amount payable over four months after payment of the lump sum benefit

WAITING PERIODS

  • The policy has a stepped waiting period for deaths resulting from natural causes
  • The full insured policy amount is payable after for 24 months or longer
  • The waiting period for claims resulting from suicide is 24 months

PRODUCT FEATURES

Disabilities covered:

  • Total loss of vision
  • Total loss of speech
  • Amputation
  • Paraplegia
  • Quadriplegia

Critical illnesses covered:

  • Heart attack
  • Stroke causing permanent damage
  • Coronary artery bypass graft
  • Invasive cancer