Life Cover

Cover their needs after the funeral with life cover. Get it on our app or visit any of our branches.

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Personalise your cover to suit your family’s needs and your budget. Choose between paying for children's needs, a monthly income for a period of 24 months, a lump sum , or a combination of all 3 payout options.

 

Life cover benefits

Why our life cover?

Monthly income

  • The cover amount you choose for this option will be paid out to your nominated beneficiaries for a period of 24 months
  • You can nominate up to 6 adult beneficiaries (these are people you choose to receive a payout)
  • If you choose this option, a minimum of R1 000 must be allocated

Lump sum

  • The cover amount you choose for this option will be paid out as a once-off lump sum to your nominated beneficiaries
  • You can nominate up to 6 adult beneficiaries
  • If you choose this option, a minimum of R1 000 must be allocated

Children’s needs

  • The cover amount you choose for this option will be transferred to an umbrella trust. The trust will manage the funds on behalf of the nominated minor beneficiaries (children) until they turn 21
  • You can nominate up to 10 minor beneficiaries (children)
  • Caregiver details must be provided for each minor beneficiary
  • If you choose this option, a minimum of R50 000 must be allocated
 
Get your cover on our app now. If you don’t already have it, download our app here:
 

What makes our life cover unique?

Sign up for life cover thats personalised, affordable, accessible and simple to ensure your family's needs are taken care of after the funeral.

You decide which of your family needs you want to cover. You can choose between paying for children's needs, a monthly income for a period of 24 months, a lump sum , or a combination of all 3 payout options.

Your premiums don’t automatically increase every year.

You can apply on our app or at over 800 branches, and you’ll know immediately if you’re covered.

Only a few questions, no medical tests and you’re covered immediately.

 

Benefits

Get full cover for up to 6 months if you apply for this benefit within 3 months of the birth or legal adoption of a child. This benefit has a waiting period of 6 months and you must provide an unabridged birth certificate or adoption letter when you apply.

Pause your policy for up to 6 months without paying any monthly premiums and without any cover during this time. You can restart your policy any time in the 6-month period to reactivate your cover and premium. This benefit has a waiting period of 24 months and no documents are needed to apply.

If you switch from any other licensed insurer and that policy’s waiting period is over, we’ll waive your waiting period for natural death for the same cover amount as your previous policy, provided you qualify for that amount of cover with us.

 

All Capitec Life cover benefits are subject to terms and conditions, including limitations and exclusions as set out on in the terms and conditions.​

Life Insurance products are underwritten by Capitec Life Limited (“Capitec Life”) a licensed insurer. Reg. No.: 2021/924456/06​