This is Life Cover
Life cover may provide your family with funds to sustain their standard of living after you have passed away.
Summary
- Pays out a lump sum amount to the maximum of the cover value selected by you.
- Pays a lump sum on the diagnosis of a terminal illness.
- Cover can range between R 400,000 and R 2.5 million.
- You need to be between the ages of 21 and 60.
- You may increase the cover whenever you wish to do so.
- You can pay your contributions either monthly or annually.
- You may reduce your cover or cancel your cover without incurring additional cost.
- Your payment will increase annually based on your age.