OUTsurance Life Insurance 2026 Review
SA's most generous premium structure — 5-year premium guarantee plus capped 6% post-guarantee increases. The signature OUTbonus returns all premiums paid into the OUTbonus portion after 15 claim-free years — effectively a tax-free savings equivalent built into your cover.
Max cover (No Meds)
R5 million
Premium guarantee
5 years (capped 6% post)
OUTbonus
Premiums back after 15 years
Critical illness
40 conditions
Underwriting
Risk-based; free medicals
Application
Online or phone
Key features
- • No Meds Life: up to R5 million without medicals
- • Critical Illness Cover for 40 conditions
- • Funeral Cover and Credit Life add-ons available
- • Premium guaranteed for 5 years; cap 6% per annum after
- • OUTbonus returns premiums after 15 years (~13.5% pa tax-free)
- • Free medical tests where required; home visits available
Frequently asked questions
What is the OUTbonus on OUTsurance Life?+
OUTbonus is OUTsurance's signature mechanic — they return all premiums paid into the OUTbonus portion after 15 claim-free years. The OUTbonus portion averages ~33% of total premium. Example: R900/m total (R600 life + R300 OUTbonus) = R162,000 guaranteed cash payout after 15 years, equivalent to a ~13.5% per annum tax-free return on that portion. Bolts onto the underwritten Life product as an option.
What is OUTsurance No Meds Life?+
A simplified life product offering up to R5 million cover WITHOUT medical underwriting. Useful for applicants who want to skip the medicals/blood-tests route. Premium guarantee of 5 years; average post-guarantee increases capped at 6% per annum.
Are premiums fixed at OUTsurance?+
OUTsurance guarantees life insurance premiums for 5 years. Post-guarantee, average increases are capped at 6% per annum (vs many SA insurers who escalate 8-10%+ annually with age). This is one of the most generous premium structures in the SA market.
Is OUTsurance Life worth it?+
Strongest fit for clients who value certainty and a tax-free lump-sum cashback as a savings-equivalent. OUTbonus alone could return six-figure cash if you stay claim-free for 15 years. Trade-off: OUTbonus adds ~33% to your base premium upfront — you pay more for the bonus mechanic. For pure low-cost protection without the bonus, 1Life or Discovery Pure are typically cheaper.
Important
This article is for general information only and is not financial advice. Figures and rules change frequently — always verify with the official source before acting.