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Enables homeowners to maintain monthly bond repayments in the event of illness, disability + death. From only R80 a month.


How Much Life Cover?

Not having enough life cover is just as dangerous as having no life insurance at all but how much do you actually need?


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Under Insurance

Under insurance occur when the amount for which the property is insured, is less than the value of such property.

Remember to insure your property for its replacement value and NOT for the purchase amount!  (Unless it is new property!)

Where loss/damage occur, there are two insurers, namely:

  • the Insurance company, and
  • the Insured as his/her own insurer;




Value of property   R24 000
Sum insured   R18 000
Difference (as his/her own insurer)   R  6 000
In event of loss/damage of R12 000, each "insurer" contribute:
R18 000/R24 000  X   R12 000/1 = R 9 000
INSURED (as his/her own insurer):    
R6 000/R24 000   X   R12 000/1 = R 3 000
THUS:  R9 000 + R3 000 = R12 000

The condition of average is applicable in respect of the following sections of a short-term insurance policy:

Also see:


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