1Life Insurance Ltd is a wholly owned subsidiary of Budget Holdings Limited, a multinational company based in Europe. Be that as it may, 1Life is geared towards the needs of the South African market. The company caters for the needs of the emerging market by providing quality insurance products at a reasonable cost. By reducing and eliminating administrative costs, 1Life Insurance Ltd has been able to introduce a streamlined operation offering affordable premiums. By making use of modern technology in every facet of their business operations, the company has been able to handle the application procedure and claims processing with great efficiency. The company’s life insurance cover provides your nominated beneficiaries with the value of your life insurance policy in the event of your death. Their financial product offering extend to cover death, disability, dread disease, female dread disease (All Woman), Expense Protector as well as loans and unit trusts.
1Life Pure Life Cover
This type of life cover offers a payout to your beneficiary of your choice, in the event of your death, ranging from R200 000 up to R10 million. The policy also pays out R50 000 Pay Now benefit to your beneficiaries within 24 hours of lodging a valid claim. A terminal illness benefit applies to terminal illness diagnosis patients with a life expectancy of less than 12 months. The policy gives clients the opportunity to increase the cover amount through the Guaranteed Assurability option in order to incorporate any lifestyle changes or major life events.
Expo-Sure – a 1Life benefit
This benefit helps clients to reduce the risk of contracting HIV/AIDS by offering testing and treatment programmes immediately after any event which may have led to the accidental exposure to the HIV virus.
Premiums and Qualifying Criteria:
In order for you to qualify for 1Life Insurance products, you need to fall between the ages of 18 and 65 years old. You must be a South African Citizen with a bank account that allows for a monthly debit order. Your premium is based on your specific risk profile and this will have a direct impact on how much you pay.
1Life is a reliable service provider which provides direct telephonic and internet-based access to life cover and other insurance products. The absence of up-front medical examinations combined with affordable premiums makes the process of choosing a life insurance policy at 1Life Insurance less cumbersome.
1Life Contact details:
Tel: 0860 10 53 40