Insurance Products & Services

Why is Medical aid important in South Africa?

Getting proper health care in South Africa can be hard to find and extremely expensive, sometimes even hopeless.

So, getting the right medical aid that will cover your day-to-day visits to the doctor, medical emergencies, planned and unplanned operations, dental care, and long-term care needs is extremely crucial.

Access the best medical aid plans for you and your family without going from pillar to post to find what you need. Get comprehensive and some of the most affordable medical aid quotes from the very best medical aid providers in South Africa.

How does medical aid work?

Generally, your medical aid will pay out a claim directly to your doctor, hospital, or medical facility within 7 to 14 days. This will ensure that your medical bills are taken care of without any hassles.

Accidents happen unexpectedly

A proper medical aid will allow you to go straight to the hospital without financial stress.

Many medical aid schemes will offer you the option of a savings pocket that can be used for medication from your local pharmacy or for any other gaps like certain dental care needs, etc.

How to apply for medical aid?

Most medical aid providers will take you through a quick underwriting process where they will ask you a few personal, lifestyle, and health questions to determine if they can approve your cover. To ensure a trouble-free claims process, it is very important to be transparent and honest when you answer these questions.

You will have the option of adding your spouse and children onto your cover and even qualify for a discount when you have more than one member on your policy.

Access convenient medical aid quotes online from reputable providers that also offer telephonic assistance and advice. If you prefer a face-to-face consultation, you can easily get in touch with your chosen provider to set up a meeting.

List of direct providers offering Medical aid in SA

Why do I need a Funeral policy?

Losing a loved one can come unexpectedly and arranging a dignified burial for them can be very expensive. Don’t leave your family with added financial stress when you pass away, get a funeral policy in place to give you the peace of mind you deserve.

How does Funeral cover work?

Funeral cover was mainly created to cover all funeral-related costs such as your casket, transportation if you happen to be away from home, and even after tears gatherings. The great part about funeral cover in South Africa is that it is generally very cheap, easy to access, and is paid out fast in the case of your death.

What does my policy include?

Most funeral cover policies will cover you immediately for accidental death and may have a waiting period for a natural cause of death of between 6 and 12 months. Suicide is also covered after 24 months of having a funeral cover policy in place, so even in the most devastating scenario, your family will be able to say goodbye in a proper way without financial stress.

Which Funeral policy is the best?

Obtain the most competitive funeral cover quotes by comparing different benefits, features, cover amounts, and premiums with the top funeral cover providers in the country.

Make an informed decision by ensuring that your chosen funeral cover provider has a good reputation in terms of customer service and paying out claims.

List of direct providers offering Funeral cover

Affordable Car insurance in minutes

Obtaining the right type of car insurance at an affordable premium is possible! With InsurancePlus you can decide which type of car insurance suits your needs best and find the right lender too.

What does car insurance cover?

Car insurance covers a wide array of damage to your vehicle as well as the vehicle of a third party. If your vehicle is stolen or written off, your insurer will pay you the replacement value as per your insurance policy.

Who needs car insurance?

While car insurance is not mandatory in South Africa, due to the high rate of accidents and incidents, including vehicle theft and hijacking, having insurance is crucial to safeguard yourself financially.

The three types of car insurance

• Third-party only
• Third-party, fire, and theft
• Comprehensive

Third-party covers you only for the damage that you have caused to the property of another. Third-party, fire, and theft, covers damage you cause to anyone else’s property but also covers the cost of replacing or repairing your vehicle if it’s damaged by fire or stolen.

Comprehensive car insurance is the most popular type of insurance because it covers you for damage caused to your vehicle and the vehicle of a third party, whether the accident is your fault or not. You also get compensated for damage or vehicle replacement if it’s damaged by fire or stolen.

Choosing the right car insurer

Understanding your needs is the first step to choosing the right car insurer and the right insurance package. Is third party, fire, and theft sufficient or will comprehensive cover better serve your needs?

Once you know what type of insurance will best serve your needs, you can then compare quotes and find the insurer that offers you the best value for money.

What influences your car insurance premiums?

We may all know that the make and model of car that you drive determines, to a large extent, your insurance premiums but that’s only one aspect. How often you drive, where you live, your age, whether you’re male or female, as well as your claim history, and vehicle and home security will also affect your premiums.

List of direct providers offering Car insurance

Home contents insurance doesn’t have to be complicated

Home contents insurance covers your home and personal possessions in the event that they get damaged or destroyed. This includes furniture, decor, appliances, and even personal possessions like clothes, and jewellery.

Items that you frequently remove from the home such as your phone, laptop, watches, and jewellery may need to be covered under a separate policy known as portable possessions cover.

How does Home contents insurance work?

For a monthly premium, you’ll be covered for loss or damage of your home contents. This damage may be the result of burglary, impact damage, fire, flooding, explosions, and power surges among others.

You can generally have your home contents covered under a general policy but, should you have any high-value items that exceed limits specified by your insurer, you’ll have to specify these items. Your insurer may also require valuation certificates for these specified items.

Common home contents insurance mistakes

Many people make the mistake of not completing a home contents inventory to determine the right home contents cover amount. They’re then left devastated when something happens and they need to replace all the possessions they once had only to find that they were gravely under-insured.

Many people also make the mistake of not specifying rare and high-value items and when these items get stolen, damaged, or destroyed they’re left with no choice but to accept the financial loss.

If you have items that you regularly take outside of your home with you, it’s best to take out a portable possessions policy to cover these items. Without this, if your belongings are stolen or destroyed while you’re outside of the home, your insurer will not payout.

Finally, another common mistake people make is confusing home contents insurance with building insurance. Building insurance is cover that protects the physical structure of your property and all fittings and fixtures but not your home contents.

Choosing a home contents insurance provider

The best way to choose a provider is to compare home insurance quotes, and providers online and select the one that offers the best value for money. Take into consideration the size of the company, their reviews, and the cost of cover.

List of direct providers offering Home Contents insurance

Protect yourself & your loved ones with a Life insurance policy

Life cover allows you to make provision for your family’s future in an affordable, manageable way. You can get up to R10 million life insurance from one of the 60 South African insurers currently registered with the Financial Conduct Authority.

Why is life insurance important?

While many people know that life cover will pay out a set amount in the event of the policyholder’s death, not many know about the additional benefits.

One of these benefits is that your cover will payout if you become permanently disabled or are diagnosed with a critical illness. In such cases having quick access to a large lump sum of cash can be a saving grace.

If you’re looking to finance the purchase of a car or vehicle, your lender may require that you have life insurance in place to protect their investment.

Life insurance in a nutshell

Taking out a life insurance policy will give you peace of mind knowing that should you pass away, your beneficiaries will receive a lump sum of cash.

This lump sum can be used to pay large debts, cover living expenses, and fund your children’s current and future educational costs. There are no restrictions on what your beneficiaries can use this money for.

In exchange for this cover, you’ll pay a monthly premium to your insurer. The premium that you’re charged will be based on your chosen cover amount, age and gender, overall health, and of course, your budget.

Since life insurance can take a long time to pay out, many life insurers offer accelerated benefits. One of the most common is the funeral benefit which acts like funeral cover and conveniently pays out within 48 hours.

Major South African life insurers

Among the 60 registered life insurers in the country, Liberty Life, Momentum Life, and Discovery are leading the market. These insurers account for more than 80% of the market share.

To choose your ideal life insurance provider, make use of InsurancePlus’ collection of life insurers and the service summaries that we’ve created to help you make the best possible decision.

List of direct providers offering Life insurance