Personal Insurance

Personal Insurance

Life/Death Cover

Ensure that your loved ones are taken care of in the event of your death. What would happen to your family and loved ones in the event of your death? Would they be able to afford the mortgage, the car, the school fees, the living expenses and all of the others things we take for granted?

Even if you are not the major income earner, how would your partner cope with the kids and run the household and hold down a full-time job if you weren’t around? Taking out life insurance will help ensure their financial security and peace of mind.

Total & Permanent Disability

TPD insurance is available as a stand-alone product or as an option on your Life of Trauma Insurance Plan. It provides a lump sum payment if you become totally and permanently disabled as a result of an illness or injury and are unable to ever work again.

Trauma / Critical Illness

Death is not the only calamity that can strike. Critical illness or ‘trauma’ can be just as emotionally and financially devastating. Trauma insurance provides a lump sum when you are diagnosed with a specified ‘trauma’ condition such as stroke, cancer, heart-attack (the specific conditions vary between providers). The money may be used for any purpose – to pay medical bills, help with living expenses or pay off debts. It will help you to focus on your recovery rather than your finances.

Child Cover

Child Cover can help protect you from the financial consequences of a seriously ill or injured child. The benefits could be used to take time off work during your child’s treatment. They could also help cover medical expenses, rehabilitation, transport, and accommodation costs.

Child Cover is also a way to ensure your child is protected for the future. At age 21, the Child Cover has the option to convert to a OneCare Life Cover with optional Trauma Comprehensive Policy without medical underwriting. The benefit is that any illness or disease that become apparent in the child’s teenage years are not excluded from the adult policy

Income Protection

When the going is good it’s good. But what happens when it’s not? What if you were suddenly unable to work due to illness or injury? Work might stop but the bills won’t. Do you have a plan that would allow you to focus on your recovery rather than worrying about how to stay financially afloat? Income protection insurance can cover up to 80% of your gross income. Income protection insurance protects your ability to earn an income. You can select from a basic cover to a range of complementary and optional benefits.

Living Expenses

Living Expenses Cover is designed for people who are not eligible for Income Protection Cover usually because they don’t have an income eg home makers and retirees or because they work on a casual or part time basis. The cover will pay an agreed amount of monthly benefit if the life insured is significantly disabled.

This fund can be used to meet financial obligations, maintain lifestyles etc.

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