Insurance FAQs
Are there waiting periods applicable where Covid-19 is excluded?
No, generally not for life cover. For funeral cover, a standard waiting period applies for natural deaths.
Is COVID-19 covered in the event of death?
Most life insurers provide cover for the disease, as it causes illness and is considered a natural cause of death. It’s not included under Accidental Death cover, however.
Is COVID-19 testing required for life cover acceptance?
No, but if you have been tested for the virus or are planning to get tested, some insurers may defer cover until the results come out.
Worried about the impact of novel coronavirus on your life insurance? Here are the answers to some frequently asked questions:
Medical aid is a type of health cover that helps pay for your medical expenses, from routine doctor visits to hospital stays and chronic medication. In South Africa, medical aid plans are regulated to ensure they provide a minimum level of essential care, known as Prescribed Minimum Benefits. These plans vary in cost and coverage, allowing you to choose a level of support that suits your healthcare needs and budget.
What’s the cheapest car insurance in South Africa?
More comprehensive cover means higher premiums. Which means that third-party car insurance will be the cheapest cover for your vehicle in South Africa. Although it’s tempting to save more on your car insurance so that you have more to spend on things you love, remember that you’ll get what you pay for. The cheapest car insurance might leave you wanting more if you happen to get into an accident. If you want complete peace of mind, comprehensive car insurance cover will do it for you.
Why do you need car insurance?
Stats show that out of 10 million motorists in South Africa, 65% are uninsured. That means more than half of the drivers you see on the road aren't covered to pay for your vehicle to be repaired if they cause an accident. Scary stuff! Don't be another statistic.
