Frequently Asked Questions Archives - Ongeza Life https://ongezalife.co.za/faq-category/faq/ | Life Cover | Once-Off Premium Wed, 25 Feb 2026 14:34:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://ongezalife.co.za/wp-content/uploads/2022/09/favicon.png Frequently Asked Questions Archives - Ongeza Life https://ongezalife.co.za/faq-category/faq/ 32 32 Why should I buy now? https://ongezalife.co.za/faq/why-should-i-buy-now/ Wed, 25 Feb 2026 14:34:00 +0000 https://ongezalife.co.za/?post_type=dvfaq&p=2437 The earlier you start, the more affordable your cover is and the more time you have to grow it without pressure.

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]]> The earlier you start, the more affordable your cover is and the more time you have to grow it without pressure.

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]]> Are the Ongeza products safe and regulated? https://ongezalife.co.za/faq/are-the-ongeza-products-safe-and-regulated/ Wed, 25 Feb 2026 14:32:54 +0000 https://ongezalife.co.za/?post_type=dvfaq&p=2436 Yes. All policies are underwritten by Guardrisk Life Ltd, a licensed and regulated life insurer in South Africa.

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]]> Yes. All policies are underwritten by Guardrisk Life Ltd, a licensed and regulated life insurer in South Africa.

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]]> Who gets paid when I die? https://ongezalife.co.za/faq/who-gets-paid-when-i-die/ Wed, 25 Feb 2026 14:30:15 +0000 https://ongezalife.co.za/?post_type=dvfaq&p=2435 The beneficiaries you nominate will receive the cash payout.

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]]> The beneficiaries you nominate will receive the cash payout.

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]]> What happens if I stop paying? https://ongezalife.co.za/faq/what-happens-if-i-stop-paying/ Wed, 25 Feb 2026 14:26:41 +0000 https://ongezalife.co.za/?post_type=dvfaq&p=2434 Nothing happens to your existing cover. Your policy stays active for the rest of your life with the cover you have already bought.

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]]> Nothing happens to your existing cover.
Your policy stays active for the rest of your life with the cover you have already bought.

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]]> Do I have to pay monthly premiums? https://ongezalife.co.za/faq/do-i-have-to-pay-monthly-premiums/ Wed, 25 Feb 2026 14:25:47 +0000 https://ongezalife.co.za/?post_type=dvfaq&p=2433 No. Monthly payments are optional. You can: Pay once and stop Pay only when you have money Choose monthly payments only if it suits you

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]]> No. Monthly payments are optional.
You can:

  • Pay once and stop
  • Pay only when you have money
  • Choose monthly payments only if it suits you

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]]> What is the Ongeza Life Plan? https://ongezalife.co.za/faq/what-is-the-ongeza-life-plan/ Wed, 25 Feb 2026 14:25:00 +0000 https://ongezalife.co.za/?post_type=dvfaq&p=2432 Ongeza Life Plan is a life insurance policy that pays a cash lump sum to your beneficiaries when you pass away. Once you buy cover, it is yours for life.

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]]> Ongeza Life Plan is a life insurance policy that pays a cash lump sum to your beneficiaries when you pass away. Once you buy cover, it is yours for life.

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]]> Can I buy the policy for another person, e.g. my brother or sister, or even my parents? https://ongezalife.co.za/faq/can-i-buy-the-policy-for-another-person-e-g-my-brother-or-sister-or-even-my-parents/ Sat, 10 Sep 2022 11:05:36 +0000 http://ongezalife.co.za/?post_type=dvfaq&p=1742 Yes, you can buy the policy for anybody else. The insured person is however the owner of the policy and he or she will be the one whose profile we will use to price. Furthermore, the insured person is the one who would nominate the beneficiaries who would be paid the benefit in the event […]

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]]> Yes, you can buy the policy for anybody else. The insured person is however the owner of the policy and he or she will be the one whose profile we will use to price. Furthermore, the insured person is the one who would nominate the beneficiaries who would be paid the benefit in the event of his or her death.

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]]> I earn less than R5 000 per month and I got a quote from your system showing that I would receive a lower cover amount than my friend who is of the same age but earning R20 000 per month, if we pay the same premium. Please explain this. https://ongezalife.co.za/faq/i-earn-less-than-r5-000-per-month-and-i-got-a-quote-from-your-system-showing-that-i-would-receive-a-lower-cover-amount-than-my-friend-who-is-of-the-same-age-but-earning-r20-000-per-month-if-we-pay-th/ Sat, 10 Sep 2022 11:04:52 +0000 http://ongezalife.co.za/?post_type=dvfaq&p=1741 Our pricing is based on 3 factors: 1. Gender: females experience lower mortality than males, so a female rate is more favourable than a male rate of the same age 2. Age: mortality increases with age, so a younger person will get a more favourable rate than an older person earning the same income 3. […]

The post I earn less than R5 000 per month and I got a quote from your system showing that I would receive a lower cover amount than my friend who is of the same age but earning R20 000 per month, if we pay the same premium. Please explain this. appeared first on Ongeza Life.

]]> Our pricing is based on 3 factors:

1. Gender: females experience lower mortality than males, so a female rate is more favourable than a male rate of the same age

2. Age: mortality increases with age, so a younger person will get a more favourable rate than an older person earning the same income

3. Gross monthly income: this factor is used as a proxy for lifestyle since lifestyle is not measurable. It has historically been proven that mortality rate reduces as the person’s income increases, which could be explained by change in lifestyle, access to good healthcare facilities and other factors. A good proof to this is the higher life expectancy experienced in developed countries relative to under-developed countries.

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]]> If my income increases over time, will my new income be used when I do a top-up? https://ongezalife.co.za/faq/if-my-income-increases-over-time-will-my-new-income-be-used-when-i-do-a-top-up/ Sat, 10 Sep 2022 11:04:02 +0000 http://ongezalife.co.za/?post_type=dvfaq&p=1740 Yes, at the time of doing a top-up, your new income will be used.

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]]> Yes, at the time of doing a top-up, your new income will be used.

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]]> How much cover can I buy? https://ongezalife.co.za/faq/will-i-be-required-to-provide-proof-of-income/ Sat, 10 Sep 2022 11:03:13 +0000 http://ongezalife.co.za/?post_type=dvfaq&p=1739 Up to R150,000 in any rolling 12 months Up to R1,000,000 lifetime cover

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]]>
  • Up to R150,000 in any rolling 12 months
  • Up to R1,000,000 lifetime cover

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