Life Products
1
Benefits
Cover for the Principal Insured, their Spouse/s of the Principal Insured (legal or common law marriage Spouse/s; the parents of the Principal Insured and/or the Spouse/s; and the Children of the Principal Insured (including biological, adopted and fostered children of the Principal Insured.
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Rates
Principal Member below 50 Years of Age:
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Single: Cover R 20 000: R90 Per Month
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Single: Cover R 30 000: R100 Per Month
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Single: Cover R 50 000: R140 Per Month
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Couples: Cover R 20 000: R130 Per month
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Couples: Cover R 30 000: R170 Per Month
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Couples: Cover R 50 000: R245 Per Month
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Families: Cover R 20 000: R235 Per Month
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Families: Cover R 30 000: R310 Per Month
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Families: Cover R 50 000: R460 Per Month
Principal Member over 50 Years of Age:
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Single: Cover R 20 000: R155 Per Month
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Single: Cover R 30 000: R210 Per Month
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Single: Cover R 50 000: R315 Per Month
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Couples: Cover R 20 000: R255 Per month
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Couples: Cover R 30 000: R355 Per Month
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Couples: Cover R 50 000: R555 Per Month
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Families: Cover R 20 000: R570 Per Month
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Families: Cover R 30 000: R820 Per Month
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Families: Cover R 50 000: R1 315 Per Month
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2
Cover includes:
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Death Benefits
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Temporary Disability Benefits
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Permanent Disability Benefits
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Retrenchment Benefits
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Rates
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Credit Life for Mortgage Cover:
R2.50 per R 1 000 a month -
All other Credit Life Cover:
R4.50 per R 1 000 a month
Rules
The maximum sum insured is
R300 000 for a period of 36 (thirty-six) months.
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Death
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Should Infinite Credit be notified of the Death of the Assured, 1Life will pay the Death Benefits calculated as at the date of Death, within 12 months of the occurring insured event.
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Temporary Disability
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Should Infinite Credit be notified of a Temporary Disability claim, the Benefit amount that 1Life will pay in terms of this clause, shall be an amount equal to the repayment instalments due in terms of the Loan Agreement as at the date of the onset of the Temporary Disability.
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Permanent Disability
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The Benefit amount that the insurer will pay in terms of this clause, shall be an accelerated lump sum Benefit on the Death Benefit, limited to the Outstanding Loan Amount determined at the date of Permanent Disability.
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Retrenchment
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Should Infinite Credit be notified of a Retrenchment claim, 1Life will pay an amount equal to the repayment instalments due in terms of the Loan Agreement as at the date of the retrenchment.
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Payment of the Benefit by the Insurer 1Life will always be subject to such evidence as the insurer in its sole and unfettered discretion may require from time to time in writing.
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Contact Information:
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Marketing and Underwriting Queries: life@i-credit.co.za
Claims: claims.life@i-credit.co.za
Contact
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