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Life cover benefits

Why our life cover?

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

Monthly income

  • Each beneficiary will receive a monthly payout for 24 months
  • You can nominate up to 6 adult beneficiaries (these are people you choose to receive a payout)
  • A minimum of R1 000 must be allocated if you choose this option  

Lump sum

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

Children’s needs

  • The cover amount you choose will be transferred to an umbrella trust. The trust will manage the funds on behalf of your 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:
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What makes our life cover unique?

Sign up for life cover that's 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 your children's needs, a monthly income for 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 your child. This benefit has a 6-month waiting period. To apply, you’ll need to submit an unabridged birth certificate or adoption letter.  

Pause your policy for up to 6 months without paying monthly premiums. All life cover benefits will stop during this time. Restart your policy at any time within the 6 months. This benefit has a waiting period of 24 months. No documents are needed to apply.  

If you switch from another licensed insurer and your waiting period is over, we’ll waive your waiting period for natural death for the same cover amount as your previous policy, if you qualify for the same cover with us.  

 

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

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

Learn more How to claim FAQs