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Life Insurance South Africa

Life Insurance


The word ‘insurance’ is defined as a contract whereby one party (the insurer) agrees, in consideration of money paid to him (called the premium) by another party (the insured) to indemnify the latter against loss resulting from the happening of certain events or to pay a certain specified lump sum on the happening of a specified event or events.

The need for life insurance arises when a person wishes to provide a sufficient lump sum in the event of death to cover a large debt such as a mortgage bond or to provide an income for the family after his/her death. The life cover will be payable at death only, irrespective of when death occurs. All the stages and events we experience throughout life create different financial needs.  It is important to plan ahead in order to ensure that the necessary funds are available when these events occur.

Life insurance is also referred to as cover for “Dying too soon”. This means that it is cover which will provide the insured a lump sum amount in the event of the death as determine by them when they take the policy out, and this assists them to provide for their loved ones if they haven’t yet had enough time to build up these funds through savings and investments. This helps the family keep up their standard of living to the level before the breadwinner died.

South African Life Insurance Companies



Sanlam Insurance
Sanlan offers both life insurance for personal cover as well as as group scheme life insurance. This household name works through a broker network of thousands.

Discovery Life Insurance
Discovery have taken their know-how from the medical aid industry and applied it to the Life Insurance Industry. What you get is great products supported by a great loyalty program.

RMB Insurance
Life Insurance or Assurance Giant RMB offers wone of the widest range of products on the market. It supplies the market it many products via numerous brands such as Outsurance.

Liberty Life Insurance
One of the stalwarts of the life insurance industry. Liberty Life still offers quality life insurance. There are three premium options that should suit all needs. Protect your family from unexpected events with a quality product from Liberty

1Lifedirect
In the short time 1Lifedirect has been on the scene it has made huge waves with its unique product offering and low monthly premiums. Based on the direct sales model wherby the middleman commission is cut out, 1Lifedirect is able to save customers double digit percentages on their life insurance premiums.



Insurance Companies
1Lifedirect 1Lifedirect offers Life Insurance
1st For Women 1st for Women offers Car Insurance
Auto and General Auto & General offers Car Insurance
Budget Insurance Brokers Budget Insurance Brokers offers Car Insurance
Dial Direct Dial Direct offers Car Insurance

Discovery Life Discovery Life Insurance

Hollard Insurance Hollard offers Car Insurance Hollard offers Life Insurance

Liberty Life Liberty offers Life Insurance

Hippo Hippo offers Short Term Insurance
Momentum Momentum  offers Life Insurance
Virgin Insurance Virgin Insurance offers Short Term Insurance

Offers Short Term Insurance Short Term Insurance

Offers Long Term Insurance Long Term Insurance


Life Insurance South Africa

2017/06/23 08:52:00 AM
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