1Life

For more than 15 years, 1Life has been developing itself in the insurance industry and serving South Africans with affordable, and flexible market-leading products and services.

From South Africa’s most loved life insurance products to personal loans and financial advice from some of the country’s most experienced consultants, 1Life is ready to deliver exceptional products and services to meet you where you are and help you achieve your goals.

Dedication to financial education

1Life is dedicated to helping South Africans increase their financial knowledge and skills in order to make better financial decisions and reach their financial goals.

An innovative lender leading the way

1Life was the first South African insurer to sell life cover online and launch a USSD service to allow customers to manage their policies. They’re proud of their long list of firsts which places them ahead of their competitors and helps them maintain their competitive edge. 1Life is owned by Telesure Investment Holdings which also owns a handful of some of South Africa’s most well-known and loved insurance companies such as 1^st for Women and Dialdirect.

More information, and financial advice

You can access information and world-renowned financial advice and information through 1Life and its expert advisors and consultants. They also provide a great deal of information via their website and blog.

• 1Life blog: A range of articles and blog posts that provides information about health, home finances, insurance, and their range of products and services and how they can service you.
• Financial needs analysis: Complete a three-step form and find out how much insurance will suit your specific needs as well as how much you’ll pay for it.
• Insurance calculator: Add some basic personal details and find out how much life, disability, and dread-disease cover you need.
• Last Will and Testament: You can download a free Last Will and Testament that you can edit and use as you like.
• General information: You can also find out more about 1Life and their range of products and services on their website and more specifically amongst their many FAQ sections.

1Life is well known for its range of life insurance products that offer exceptional value at an affordable premium with no invasive medical tests or exams but, some of their lesser-known products like their salary protection cover deserves more hype.

1Life’s expense protector Salary protection

The salary protection plan offered by 1Life is one of the most flexible in the market in that you can choose not only how much cover you want but also whether you want it paid out as a lump sum or as a monthly pay-out.

You can take this policy out as a standalone product so you don’t need life or any other type of cover with 1Life to apply.

How Salary protection works

This is a type of insurance that covers you in the event that you become disabled or ill and are unable to work and therefore unable to draw in your usual monthly salary. Once you claim you’ll get the lump sum or monthly payout that will enable you to continue paying your bills and get through a difficult time.

With a salary protection plan, you do not have to go through a 6 or 12-month waiting period as is the case with life insurance but you will need to select a deferment period which is a period of time that will have to pass between the time of a disabling event and when you receive your payout.

Income protection will cost you

Your premiums will depend on how much cover you need as well as your personal risk profile which will be determined based on your age, level of education and occupation, overall health, and gender. This is also where the financial needs analysis can help you.

You can also enjoy guaranteed fixed premiums for a period of 12 months from the date of inception of your policy. If your premiums increase you will be provided with a notice.

In addition, you can choose to opt for a 5% increase in your payout when you take out the policy. This will provide an additional pay-out boost which will make a massive difference if the unthinkable were to happen.