Life Insurance
Protect your loved ones financially. Compare life cover from South Africa's top insurers and find the right policy for your needs.
Why Life Insurance Matters
Life insurance provides a lump sum payout to your beneficiaries if you pass away. This money can cover funeral costs, pay off debts, fund your children's education, or replace lost income for your family.
Life Cover
Provided by Discovery Life
Cover Amount
Up to R50M
Monthly Premium
From R150
FNB Life Cover
Provided by FNB
Cover Amount
Up to R10M
Monthly Premium
From R99
Sanlam Life
Provided by Sanlam
Cover Amount
Up to R30M
Monthly Premium
From R120
OUTsurance Life
Provided by OUTsurance
Cover Amount
Up to R10M
Monthly Premium
From R80
Momentum Myriad
Provided by Momentum
Cover Amount
Up to R50M
Monthly Premium
From R200
Liberty Life
Provided by Liberty
Cover Amount
Up to R30M
Monthly Premium
From R150
1Life Direct
Provided by 1Life
Cover Amount
Up to R10M
Monthly Premium
From R65
Clientele Life
Provided by Clientele
Cover Amount
Up to R5M
Monthly Premium
From R50
Types of Life Insurance
Term Life
Cover for a specific period (10-30 years). Most affordable option for pure life cover.
Whole Life
Lifetime cover that also builds cash value. Higher premiums but guaranteed payout.
Funeral Cover
Smaller, affordable policies specifically for funeral expenses. Quick payout.
How Much Cover Do You Need?
- • Rule of thumb: 10-15x your annual income
- • Consider outstanding debts (home loan, car, credit cards)
- • Factor in children's education costs
- • Account for funeral expenses (R30,000 - R80,000 average)
Important Considerations
- • Always disclose pre-existing medical conditions honestly
- • Premiums typically increase with age - start early
- • Review your beneficiaries regularly
- • Understand waiting periods for certain conditions
Disclaimer:
Premiums shown are indicative starting prices and will vary based on age, health, smoking status, and cover amount. This is not financial advice - consider consulting a registered financial advisor for personalised recommendations.