Assupol Assupol
Update My Details Call me back

Life Cover

Who is going to look after your family when you are gone?

Life is full of surprises, some of which are very challenging. Your death could leave your family financially vulnerable. Nothing can replace you, but money provided at the right time will ensure that your loved ones are protected should the worst happen. This means security for them and added peace of mind for you. By paying an affordable monthly premium, you can make sure that on death or disability, or in the case of a critical illness, a lump sum is paid out tax-free, which can be used to:

  • pay off your home loan and other debts
  • provide for living expenses for you and your family, for example if you become disabled or suffer a critical illness like cancer or a heart attack
  • provide for other financial needs

We have three products, each with its own unique benefits, which you can choose from to suit your needs:

 

Progress Legacy Plan

 

Progress 4Sure Plan

 

Progress Accident Plan

Minimum Premium

R150 pm

 

R90 pm

 

R73 pm

Maximum Benefit (cover)

R10 million

 

R300 000

 

R1 million

Funeral cover for you & your spouse

included, optional for your spouse

 

included

 

not available

Funeral cover for your parents and children.

additional premium

 

additional premium

 

not available

Yearly premium increases
Increase your benefits and ensure that benefits keep up with the effects of inflation

yes

 

yes

 

yes

Blood tests

yes - only a HIV test

 

no

 

no

Cash back benefit
All premiums are paid back to you every 10 years, if you don’t claim

not available

 

additional premium

 

additional premium

Disability and critical illness cover

additional premium

 

additional premium

 

not available

Loan protector
Assist with the repayment of a loan when you die (e.g. a home loan)

additional premium

 

not available

 

not available

Education option
Assist to fund your children’s education when you die

additional premium

 

not available

 

not available

RA Maturity reward
The value of your retirement annuity is increased because you have life cover with Assupol

included

 

included, if you have a qualifying Progress Legacy Plan

 

not available

Premium Waivers
Death and/or Occupational Disability Plus and/or physical Impairment

additional Premium   additional Premium   not available

Premium Waiver – retrenchment 
Guaranteed insurance for you and your family, without paying any premiums for up to 6 months if you get retrenched from your job

not available    additional premium    not available

Assupol On-Call
HIV/Aids assistance
General telephonic medical assistance – by a qualified nursing sister
Ambulance and other transport in a life-threatening medical emergency
Admission fee to a medical facility
Transport of the deceased and family members
Other benefits if the life insured dies
Trauma counselling
Tutor assistance to children
Information about financial matters
instantDiscounts™- if the life insured dies
Discount on funerals

additional premium   additional premium   additional premium
 

On-Call Plus
This benefit pays out on the death of a life insured and can be spent in any combination on instantGroceries™, electricity, transport and airtime.
Valid instantGroceries™ claims are paid in minutes after a claim has been registered, and can be spent at participating shops countrywide – this includes Boxer, Checkers, Pick n Pay and Shoprite.
Real convenience in a time of need

additional premium   additional premium   not available