Resolution Life Insurance offers an exceptional range of life insurance solutions which address the critical needs of each individual or corporate customer. The company adopts a “what you see is what you get” approach in keeping with its founding principles of transparency, simplicity, speed and cost.
Depending on individual requirements, Resolution Life provides Life Cover either for the lifetime of the Main Life Assured or for a specified period of time.
Accidental Death Cover
In the event of the accidental death of the Main Life Assured, the Resolution Life Cover pays a lump sum amount of up to R500 000 provided the claim event occurs in the period preceding Resolution Life’s written acceptance or rejection of application for Life Cover.
Terminal Illness Cover
In the event that the Main Life Assured is diagnosed with a critical illness as defined in the policy document, the acceleration of the life cover is initiated and the Main Life Assured may elect to receive 90% of the sum assured.
Capital Disability Cover
The Capital Disability Benefit is made available to the Main Life Assured in the event of an illness or bodily injury resulting in permanent occupational disability. For purposes of this type of cover, the following definitions are applied:
Own Occupation Disability
This refers to instances where the Main Life Assured suffers an illness or injury which completely and permanently renders him unable to perform the functions of his occupation.
Own or reasonably suited Occupation Disability
This refers to instances where the Main Life Assured suffers an illness or injury which completely and permanently renders him unable to perform the functions of his own or reasonably suitable line of occupation. In reaching this determination, Resolution Life will take into account the experience, skills and training of the Main Life Assured.
Debility Cover applies to situations where the Main Life Assured has suffered total and permanent loss of use limbs or eyesight and any other debility.
Critical Illness Core Cover
Resolution Life Insurance understands the enormous financial impact and emotional stress which follows the diagnosis of a critical illness. As such, the Resolution Life Critical Illness Cover is designed to alleviate the financial stress by providing a lump sum payment following the diagnosis of a critical illness such as cancer, stroke or heart attack. It is a pre-condition of this benefit that the Main Life Assured must survive for a period of 14 days without the use of life support after the diagnosis.
Income Protection Core Cover
In the event that the Main Life Assured becomes disabled and is rendered occupationally unable to generate a monthly income, Resolution Life offers the Income Protection Cover. This Benefit offers a recurring monthly payment which continues until the Main Life Assured recovers from the disability dies or reaches the age of 60 years.
Group Funeral Cover
This benefit pays a lump sum amount to the immediate family of the deceased. This benefit is designed to alleviate the financial strain which follows such a traumatic event. The Resolution Life funeral benefit is particularly ideal for clubs, unions, organisations and corporates.
Functional and Physical Impairment Benefit
In the event that the Main Life Assured succumbs to a serious functional or physical impairment that will have a permanent impact on the lifestyle of the Main Life Assured, this benefit pays a lump sum equal to a percentage of the sum assured.
Resolution Life provides a myriad of product and service solutions for the most valuable assets of any company, the employees.
Group Life Assurance
Provides employees with life cover on a defined benefit basis which means that a lump sum amount will be paid to the beneficiaries of the Main Life Assured upon his death.
Group Disability Cover
In the event that the employee becomes temporarily or permanently disabled as a result of a bodily injury or illness, a lump sum payment is paid out.
A fixed lump sum is paid to the nominated beneficiaries.
Credit Life Cover
Resolution Life Insurance has designed a policy which ensures that all the outstanding debts of the Main Life Assured are settled after his death.
Resolution Life Contact Details:
Tel: 0861 796 6400