Life Cover
Support your family's needs after the funeral with Life Cover. Choose a monthly income, lump sum, children's needs payout or all 3.
Why choose our Life Cover?
Protect what comes next for the people you love. Choose Life Cover that puts you in control. Tailor your cover around your family’s needs and give your beneficiaries financial support that extends beyond the funeral.
Choose how your Life Cover pays out
Every family is different, which is why Life Cover shouldn't be a one-size-fits-all solution. Our Life Cover can be personalised to suit your family’s needs and budget. Choose the payout option that best supports your loved ones after you’re gone. Whether that's a monthly income for 24 months, a lump sum, support for your children's needs or a combination of all 3.
Help your family manage everyday expenses and ongoing financial needs after the funeral with a monthly income payout:
- Each nominated beneficiary will receive a monthly payout for 24 months
- You can nominate up to 6 adult beneficiaries (the people you choose to receive a payout)
- You can choose how much each beneficiary receives, starting from R1 000 per person
Give your loved ones a once-off payout to help them manage larger financial responsibilities after the funeral, such as debt, education costs or household expenses:
- Your nominated beneficiaries receive the payout as a once-off lump sum
- You can nominate up to 6 adult beneficiaries (the people you choose to receive a payout)
- Each beneficiary must receive at least R1 000 if you choose this option
Help support your children’s future needs after you’re gone. Cover costs like education, groceries, clothing and other essentials.
- The money is paid into a trust and managed for your nominated children until they turn 21
- This helps ensure the money is used for their needs while they're still minors
- You can nominate up to 10 minor beneficiaries
- You'll need to provide caregiver details for each child
- Each child must receive at least R50 000 if you choose this option
What makes our Life Cover unique?
Personalised Life Cover
-
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.
Affordable Life Cover
-
Your premiums don’t automatically increase every year.
Accessible Life Cover
-
You can apply on our app or at a branch, and you’ll know immediately if you’re covered.
Simple Life Cover
-
Only a few questions, no medical tests and you’re covered immediately.
What are the benefits of our Life Cover?
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.
Cover the immediate costs too
Life Cover can provide long-term financial support for your loved ones. Funeral Cover helps them manage the immediate costs of laying you or your loved on to rest. Get Funeral Cover to help with expenses such as the funeral service, transport, catering and other arrangements. Give your family support when they need it most.
FAQs
Our Life Cover is life insurance that helps support your family’s financial needs after the funeral. You can personalise your cover and choose how your beneficiaries receive the payout.
Our Life Cover can help support your family financially after the funeral. This can include things like monthly expenses, larger once-off expenses or your children’s needs.
You can choose between the following payout options or a combination of all 3:
- A monthly income for 24 months
- A once-off lump sum
- Children’s needs support
Funeral Cover helps with immediate funeral-related costs, while Life Cover helps support your family financially after the funeral with things like monthly expenses, your children’s needs and future living costs.
Select the link below to open the Capitec app and apply for Life Cover. Once you’re in the app, choose Insure, select Life Cover and follow the prompts to complete your application.
No. You don’t need to go for medical tests to apply for our Life Cover. Just answer a few questions on our app or at a branch.
All life cover benefits are subject to terms and conditions, including limitations and exclusions as set out in the terms and conditions.
This product is underwritten by Capitec Life Limited (“Capitec Life”), a licensed life insurer and FSP (54090), Reg No.: 2021/924456/06.