Unfortunate events like sickness, accidents, death or theft can have a significant impact on your financial well-being. However, with the right insurance , you can have peace of mind that you will be able to maintain your lifestyle despite unplanned expenses or a loss of income due to these events.
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Accidents can happen to anyone, even if you’re young and healthy. If you become permanently disabled because of an accident, you may be unable to finish your studies and to follow your dream career. Knowing that you will be able to take care of your expenses will minimise the financial pressure on you and your family.
You make monthly payments of R34. If you become permanently disabled or are infected with HIV, you will receive a tax-free one-off pay-out of R1 000 000.You can take out this cover if you are in your fourth year of study and younger than 30 years, and studying towards most professional disciplines.
You can combine accidental disability cover with any of the insurance options below. If you’re not sure of the level of cover you need or don’t understand any of the cover options, it’s always a good idea to talk to a financial planner who has the expertise to help people manage their money in a way that’s best suited to their current needs.
Although you are now just enjoying your student life and dreaming about the future, life is unpredictable and death can come at any time, whatever your age. You don’t want your parents and loved ones to deal with an additional financial burden on top of their loss. Life Insurance for Student Professionals can help them cover the necessary expenses if something happens to you.
You have three options:
Accidents happen so quickly, but the impact of an injury can be long term. Even though you may be able to go on with your life and your studies, you need peace of mind that you can pay your medical bills and any other extra expenses.
You make monthly payments of R15. If you are injured due to an accident and meet the requirements documented in your plan, you will receive a tax-free one-off pay-out. The exact amount depends on how serious your injury is (up to R100 000). For example, if you lose a finger, we will pay out 30% of the cover. If you lose an arm, we’ll pay out 80%. If you lose your eyesight, we’ll pay 100%.