Comparing Life Insurance Companies The Easy Way

    February 22, 2017

    Life Insurance Companies Compared

    If you’re struggling to choose between life insurance because of the wide varieties of life insurance policies that are available in South Africa, read on below to find brief summaries of what some of the leading insurance companies provide! Some of the leading insurance companies compared.

     

     

     

    companies compared

    1Life Insurance

    1 Life Insurance claims that their customers can receive savings of up to 22% on monthly premiums.

     

     

    Their coverage range includes:

    1. Basic Life Insurance – Financial coverage for your family in the event of accidental death.
    2. Funeral Cover – Coverage for funeral expenses for immediate as well as extended family members.
    3. Dread Disease Cover – Financial coverage for serious illnesses such as strokes.
    4. Female Dread Disease Cover – Financial coverage for women and their children against a wide range of cancers.
    5. Disability Insurance – Monthly cash payouts if you become disabled by accident or by injury.
    6. Expense Protector – Monthly income payout if you become temporarily disabled due to illness or an injury.
    7. Unit Trusts – Extra coverage from only R200 per month.

    Assupol

    Premiums with Assupol start from as little as R75 per month.

    Their coverage range includes:

    1. Financial coverage for a home loan and other debts when you pass away.
    2. Financial assistance for you and your family to provide for living expenses in the case of disability or critical illness.
    3. Also, three insurance plans to choose from with unique benefits to suit your specific needs.

    Regent Life

    The Regent Life division is an integral part of the Regent Insurance company.

    Their coverage range includes:

    1. Basic Life Insurance – Financial coverage for your family in the event of accidental death.
    2. Also, Funeral Cover – Coverage for funeral expenses.
    3. Income protection for disability and recovery time after an accident or serious illness.
    4. Saving products which are specifically designed for education and protection against debt.

    Hollard Life Insurance

    Hollard claims that their Life Insurance policies offer very generous benefits.

    Their coverage range includes:

    1. Basic Life Insurance – Financial coverage from R50 000 to R200 000 for your family in the event of accidental death.
    2. 48 hours payout – R20 000 of your chosen cover amount paid out within 48 hours after your reported death.
    3. Also, tailor-made benefits to choose from to customize your policy plan to your specific needs.

    Platinum Life

    Their coverage range includes:

    1. Basic Life Insurance – Financial coverage for your family in the event of accidental death.
    2. Female Cancer Cover – Financial coverage for women suffering from a variety of cancers such as breast cancer.
    3. Accidental Disability Coverage – Financial assistance in the case of disability or serious illness.
    4. Also, Legal Coverage – Financial assistance in legal matters regarding disease or death.

    Momentum Life

    Their coverage range includes:

    1. Basic Life Insurance – Financial coverage from R100 000 up to R3 000 000 for your family in the events such as an accidental death.
    2. 48 hours payout – Up to R50 000 of your chosen cover amount paid out within 48 hours after your reported death.
    3. Critical Illness Cover – A lump sum paid out if you get diagnoses with a critical illness such as cancer or heart diseases.
    4. Disability Cover – A lump sum paid out in the case of disability to help with financial needs.
    5. Also, various add-ons – A wide variety of add-ons to customize your policy plan to your lifestyle needs.

    Therefore, after all these life insurance companies compared, we hope you can make the right decision!

     

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    All info was correct at time of publishing