Ongeza Life Plan

Life Cover

Product Features

The Ongeza Life Plan (OLP) is a life insurance product that pays a cash lump sum benefit upon the death of the policyholder. Unlike traditional life insurance, you buy cover outright rather than renting it through compulsory monthly premiums.

  • No medicals required — simply apply and your cover begins.
  • No lapses, ever — your accumulated cover is yours for life.
  • Choose how you pay: once-off lump sum or monthly instalments.
  • Start from as little as R500 (once-off) or R100/month (instalments).
  • Top up your cover at any time — every payment increases your lifetime cover.
  • Maximum cover of R150,000 per rolling 12 months; up to R1,000,000 lifetime.
  • 6-month waiting period for natural causes. No waiting period for accidental death.
  • Entry age: 17 to 66 years.
  • Cover can be ceded, for credit life protection purposes.
  • Get a quote online, by phone, or through one of our brokers.
Payment Options

How Would You Like to Pay?

We understand that everyone’s financial situation is different. That’s why the Ongeza Life Plan now offers two flexible payment options:

Option 1: Once-Off Premium

  • Minimum initial premium: R500
  • Top up any time with a minimum of R100
  • Pay by EFT or direct deposit
  • Unlimited top-ups allowed, subject to cover limits

 

Option 2: Monthly Instalments

  • Minimum instalment: R100 per month
  • Minimum commitment: 6 consecutive months
  • Pay by debit order or EFT
  • Top up after the commitment period with any amount of at least R100
  • Unlimited top-ups allowed, subject to cover limits
Top-Ups

The Ongeza Life Plan is the only insurance product in the market that allows you to choose how much cover you wish to buy, whenever you wish to do so, without requiring you to enter into any contractual premium obligations. It gives you complete flexibility and freedom.

Whether you started with a once-off payment or monthly instalments, you can top up your cover at any time. You may top up your cover up to a maximum of R150,000 over any rolling 12-month period.

Choose the amount of cover you want and we calculate the applicable premium or choose the premium you can afford and we calculate how much cover it buys. You can do this online, by calling us on 010 312 5030, or by depositing directly using your policy number as reference.

Your updated policy schedule will be sent to you via SMS and email as soon as your payment is received.

Get a Quote Now

Ongeza Funeral Cover - For Groups and Grouped Individuals

Funeral Cover

The Ongeza Life Funeral Plan offers comprehensive coverage for you, your spouse, and your dependent children. This ensures that your family won’t face any financial burden due to funeral costs. Tailor the coverage to your requirements and manage affordable monthly payments with the Ongeza Life Funeral Plan. Request a quote today to determine the ideal coverage amount that will safeguard your loved ones.

Elevate your peace of mind with our funeral cover, providing a lump sum to ease expenses after the loss of a loved one. Discover financial reassurance during challenging times.

Experience the comprehensive coverage of Ongeza Life Funeral Plan, catering to individuals, married couples, single parents, and families alike. Equal benefits are extended to the main member and spouse. Children’s coverage is age-dependent at the time of claim. Extend the protection to extended family members for a nominal fee, with the option to add up to 10 more individuals.

Here’s some of our product rules:

  • Quotes for groups and grouped individuals: In order to receive a group quote, members need to be part of a group consisting of 20 main members or more.
  • Main Member Entry Age: A welcoming embrace up to 75 years for new applications extended to 85 years for existing schemes.
  • Child Inclusion: Extend care to 4 children within the policy.
  • Extended Family Expansion: Broaden the circle with more children as extended family members.
  • Age-Bound Benefits: Children receive coverage until 21 years, while full-time students are secured up to 26 years (proof of status required).
  • Child Benefit Scale: Tailored benefits include 100% for ages 14-22, 50% for 6-13, 25% for 0-5, and a compassionate coverage of 12.5% for stillborn.
  • Stillborn Inclusion: Find solace in knowing stillborn coverage is part of the main member + immediate family funeral plan.
  • Waiting Period: A 6-month grace period for natural cause-related deaths from the first premium payment.
  • Instant Accidental Protection: Instant coverage for Accidental death, contingent on the first premium payment.
  • Suicide Clause: A 12-month exclusion on suicide-related cases.
  • Smooth Policy Transition: Seamlessly replace an existing policy by presenting prior underwriting proof, recent 6-month premium payment records, and cancellation confirmation.
  • Extended Family Enrichment: Expand coverage to additional family members, open until they reach 85 years.
  • Extended Family Limit: Accommodate up to 10 extended family members, with pricing aligned to their age.
  • Age-Responsive Pricing: Prices thoughtfully designed in accordance with age, ensuring affordability tailored to individual circumstances.

In our realm of product rules, clarity and compassion converge to offer you and your loved ones a well-structured and supportive path.

Enquire Now