Introducing you to a first of its kind life cover where you pay once and you’re covered for life. Say goodbye to lapses, medicals and indefinite debit orders.
It is likely that you know somebody who experienced the ordeal of losing their life cover after their policy lapsed due to failed debit orders. Upon lapsing, one loses all the premiums paid over the years. We are pleased to advise that, going forward, this problem will be a thing of the past
Pay a once-off premium from as little as R500 and secure lifetime cover instantly. Never lose your cover and top up anytime you’re able to.
Prefer to pay in smaller amounts? Build your lifetime cover with monthly instalments from just R100 per month. Commit to 6 months and your cover grows with no lapse risk, ever!
Whether you’re on a once-off or instalment plan, you can top up your cover whenever you’re able to. Each payment adds to your cumulative lifetime cover, up to a maximum of R1,000,000.
Once all required documents have been received and verified, Ongeza Life will settle the claim within 48 hours.
Two Premium Payment Options Available
1. Once-Off Payment with Optional Ad Hoc Top-Ups
- Make a single once-off payment and secure immediate lifetime cover. Your cover will never lapse. (Minimum once-off premium: R500.)
- Add to your cover at any time with top-ups from as little as R100.
- Each top-up increases your existing cover.
- Top up as early and as often as you can, as premiums increase with age.
2. Limited Monthly Instalments
- Choose a 6 or 12-month payment plan from as little as R100 per month.
- Your cover increases every month during the payment period.
- After completing your commitment period, you may continue to top up at any time with payments from as little as R100.
- Each additional top-up increases your existing cover.
- Top up as early and as often as possible, as premiums increase with age.
Once you’ve selected your preferred premium payment option, use our calculator to determine how much premium you would like to pay or how much cover you wish to purchase. Your accumulated cover will always reflect the total premiums paid. You will never lose this cover due to a policy lapse — it is yours for life. You are securing a guaranteed death benefit that will never lapse, regardless of whether you make future top-ups. Upon your passing, your dependants or beneficiaries will receive the accumulated cover within 48 hours of us receiving the required claim documents.
Irregular income earning patterns are accommodated, not penalised!
Example Illustrative Premiums
Example
The table below shows indicative once-off premiums required to secure a given level of lifetime cover. Each client is priced individually based on age, gender, and gross monthly income.
Illustrative Once-Off Premiums
| Benefit | R5 000 | R10 000 | R20 000 | R50 000 | R100 000 | R150 000 |
| Age | Once - off Premium* | |||||
| 22 | R617.92 | R1,041.62 | R1,889.02 | R4,431.23 | R8,668.25 | R12,905.27 |
| 32 | R806.76 | R1,419.31 | R2,644.40 | R6,319.68 | R12,445.14 | R18,570.60 |
| 42 | R1,088.54 | R1,982.86 | R3,771.51 | R9,137.45 | R18,080.69 | R27,023.93 |
| 52 | R1,536.49 | R2,878.75 | R5,563.29 | R13,616.90 | R27,039.58 | R40,462.26 |
*Premiums are age, gender and income level dependent.
Instalment Example
| Profile | Monthly Instalment | Commitment | Cover Secured |
| Female, age 36, R25,000/month income | R200/month | 12 months | R13,405 lifetime cover |
A minimum commitment of 6 consecutive months applies. Minimum instalment: R100/month. Top-ups can continue beyond the commitment period, subject to cover limits.
