Life insurance

  • 100% OUTbonus
  • Death, disability and critical illness covers
  • Free funeral benefit
  • Terminal illness benefit
  • No waiting periods

Death cover

Why choose OUTsurance death cover?

At OUTsurance, your premium is guaranteed for a total of five years – and who knows, depending on whether or not your circumstances have changed, it may not even be necessary to increase this after the initial five-year period.

Also, if you don’t claim during 15 consecutive years of cover, you will receive all of your paid life insurance premiums back in cash provided you chose to take the OUTbonus option! This stands in strong contrast with other life insurers where you’ll never receive any type of reward for not claiming. Read more about the OUTbonus.

Finally, did you know that at OUTsurance, we base your life insurance premium on your specific risk profile? So, if you’re a low risk, you’ll most likely pay significantly less for life insurance with us than you would somewhere else.

In addition to this, we’ll pay the costs for any medical tests you need to have done before you can take out life cover with us and we’ll even send a qualified nurse to you if you’re unable to visit a medical lab to have tests done.

More about death cover

  • We can offer death cover to anyone between the ages of 18 and 65.
  • You can apply for a specific time period that works best for you (e.g. anything from 5 years up to 25 years or if you choose – until you pass away).
  • We provide extremely flexible payment structures to accommodate your specific circumstances. For example, you can choose whether or not to keep you premium fixed or you can ask to increase your premium on an annual basis. Speak to one of our life insurance advisors to find out exactly what your options are.
  • If you’re diagnosed with a terminal illness with less than a year to live, we will pay out 50% of the total insured amount (maximum limit of R1 million applies).
  • Check out our online life insurance calculator to see how much cover you need to apply for.

Documents | Frequently asked questions

Death cover products

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.

Apply for a combination of death, critical illness and disability cover options

You can select a combination of the death, disability and critical illness cover options that’ll work best for your unique circumstances. Give us a call on 08 600 60 000 – we’d love to assist.