Insurance

Insurance is a very important as it protects you against the financial consequences associated with death, an unexpected event such as temporary or total and permanent disablement, a major traumatic illness or accident. 

There main types of cover available are:

Term Life Cover - provides a lump sum payment in the event of death or terminal illness.

Total and Permanent Disability - provides a lump sum payment in the event that the insured becomes totally and permanently disabled and have not worked for at least six months and are deemed never to be able to return to the workforce.

Trauma Cover - pays a lump sum payment on the survival of the insured after the occurrence of one of the medical conditions (eg cancer) or events (eg heart attack)  defined in the policy.

Income Protection Cover - designed to replace up to 75% of the insured person’s gross income if they are disabled through sickness or injury and can not work for longer than the specified waiting period.

Business Expense Cover - specifically designed to help self-employed people to ensure that the regular fixed operating expenses of their business will still be paid even if the insured cannot work due to sickness or injury.