1Life Insurance, South Africa’s #1 direct life insurer*, is on a mission to change lives for the better. Our insurance products, content & tools will help you take the first step towards building generational wealth today, ensuring a better life for your family tomorrow. All our products are only a telephone call away. We also offer our clients a financial needs analysis to ensure that they are buying the right cover based on their individual circumstances and what they can afford. *Based on Swiss Re Reports 2010-2021
1life funeral cover
What is the waiting period for 1Life funeral cover?
Waiting periods
A waiting period for natural death on the funeral plan is 6 (six) months and 6 (six) paid premiums from the commencement date or reinstatement of cover date in respect of a member, is applicable in terms of this policy.
How does 1Life cover work?
When you take out a life cover policy, you pay a premium every month and, in the event of the life assured’s death, 1Life pays your beneficiaries, for example your family or other dependants, a lump sum.
How does 1Life funeral cover work?
Life insurance pays out a lump sum to beneficiaries in the event of the life assured’s death, to help them pay off debt and pay for their expenses, such as living expenses and education. Funeral cover pays out quickly when a member dies, to help the family pay for funeral and burial costs.
What is the waiting period for 1Life?
The waiting period for natural causes is 6 months (ie after the 7th premium is recieved in the 7th month) from the commencement or reinstatement date of the policy for all Lives Assured. There is no-waiting period for the accidental death of all Assured’s covered on the policy.
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