This is why Death Cover from OUTsurance will give you peace of mind
- At OUTsurance, we can save you money on your Death Cover (also referred to as Life Cover) and provide cover that will take care of your responsibilities should you no longer be there to do so.
- Your life insurance premium is based on your personal risk factors. If you have a low risk profile, we will reward you with a low premium.
- Your premium is guaranteed for at least five years and depending on the circumstances, it may not even have to change after this period.
- Our claims team will process your claim as quickly and efficiently as possible.
- If you remain claim free for five years, you’ll get 10% of your premiums back in hard cash. We pioneered the OUTbonus and already paid over R1 billion back to clients.
- You can take out death insurance for the time period you prefer – i.e. 5, 10, 15, 20, 25 years or for your whole life.
- Death Cover is available to people between the ages of 18 and 65.
- You can choose a payment structure that works best for you. You can choose to keep both your premium and the Sum OUTsured fixed; or the Sum OUTsured stays fixed and your premium increases on an annual basis; or keep up with inflation by increasing your premium and the Sum OUTsured every year.
- Our online life insurance calculator will help you estimate how much death cover you would need in order to provide for your family and loved ones.
- You don't need to pay for any medical tests before taking out cover with us.
- If you are diagnosed with a terminal illness and you have less than 12 months to live, we’ll pay 50% of your Sum OUTsured to a maximum of R1 million.
Documents | Frequently Asked Questions
Death cover options
Comprehensive Death Cover
This option provides you with comprehensive cover if you should die as a result of any event during the period of cover. You automatically qualify for the terminal illness benefit, where 50% of the Sum OUTsured is paid out to you when you are diagnosed with a terminal illness and have less than 12 months to live. The balance will be paid out in the event of death.
Accidental Death Cover
Accidental Death Cover provides you with a more affordable (but more limited) alternative to Comprehensive Death Cover. We’ll pay out the Sum OUTsured only when you die as a result of an accident resulting from bodily injury caused by external, violent or accidental means.
Build your own combination of life insurance cover
We’ve decided to give you complete control of how you’d like to combine one, two or all three of our death, disability and critical illness cover options. This means that you can choose a combination that will work best for your unique circumstances.
Our Disability and Critical Illness Covers are structured into two main groups: free standing or accelerated.
Free Standing Structure
Your Death Cover, Disability Cover and Critical Illness Cover exist independently of each other. A claim on any one of the covers will not affect the Sum OUTsured of another benefit.
Accelerated Structure
If you choose accelerated Critical Illness Cover and/or Accelerated Disability Cover, Death Cover is compulsory. A claim on either Disability or Critical Illness Cover will have an effect on your Death Cover by either reducing or cancelling the death Sum OUTsured.