This is why you should to take out Disability Cover from OUTsurance
- At OUTsurance, 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 stays fixed for five years.
- 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 have already paid over R1 billion back to clients.
- You can take out Disability Cover for the time period that you prefer – i.e. 5, 10, 15, 20, 25 years or for your whole life.
- Disability Cover is available to people between the ages of 18 and 60.
- 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 disability cover you would need in order to maintain the same lifestyle if you were to become disabled.
Documents | Frequently Asked Questions
Disability cover options
Own Occupation
The Sum OUTsured will be paid out to you when you become disabled during the insured period. Own Occupation Cover makes reference to any illness or injury that caused a permanent disability and where you’re no longer able to perform your own occupation. Of course, you need to be medically certified (to the satisfaction of our Chief Medical Officer) with a total and permanent disability that is incurable or untreatable.
Own or Suitable Occupation
Alternatively, you can choose the own or suitable occupation option where you’ll receive cover in cases where an illness or disability resulted in you being unable to perform your own occupation or any other suitable occupation taking your training, education, ability and experience into account. Again, we would require that you’re medically certified with a total and permanent disability that is incurable or untreatable.
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.