Betterlife Protection

No family should be burdened with the emotional and financial trauma should something unexpected happen. In a few minutes and without any worrisome medical examinations, you can get an obligation-free quote for a BetterLife Protection policy which includes death cover as well as optional disability, dread disease and retrenchment cover.

As a service to our customers, we contact every newly approved home loan applicant and make sure that they have the opportunity to protect their family from unforeseen loss.

Benefits Include:

  • No interest is charged on the insurance premium.
  • The insured can decide if they want the policy ceded to cover their bond or they can nominate their own beneficiaries.
  • The value of the cover does not decrease as your bond debt reduces – the sum assured stays the same. As a result, if the insured person dies and their bond is nearly fully paid up, their family/beneficiaries stand to inherit both the house as well as the value of the insurance policy.
  • No underwriting is required – no medicals or HIV testing are required.
  • Premiums are very competitive.

Reminder | This cover only goes up to the value of R2.2 million.

Underwritten by Old Mutual Alternative Risk Transfer Limited (OMART) and administered by IUA Business Solutions (Pty) Ltd (FSP No. 15737).