Life can be unpredictable, but you can plan for the future. Capitec Life Cover helps you protect your family financially if you pass away. This guide explains how Capitec Life Cover works and how it can benefit you and your loved ones.
What is Capitec Life Cover?
Capitec Life Cover is life insurance that pays a lump sum of money (up to R100,000) to your loved ones if you die. This money can help them cover expenses like bills, debt, or even everyday living costs.
Why Choose Capitec Life Cover?
- Affordable: Capitec Life Cover is designed to be easy on your wallet, so you can get the coverage you need without breaking the bank.
- Flexible: Choose the amount of cover that best suits your needs and financial situation (with maximum limits).
- Easy to Apply: Apply online or at a Capitec branch in a few simple steps. No medical exams needed!
- Quick Payouts: When a valid claim is made, your loved ones will receive the money quickly during a difficult time.
- Cover for Everyone: You can cover yourself, your spouse, children, parents, and even extended family – all on one plan!
Life Assured Categories Maximum Cover
Capitec Life Cover offers different coverage amounts depending on who you’re insuring:
| Category | Maximum Cover |
|---|---|
| Policyholder | R100,000 |
| Spouse (18 – 64 years) | R100,000 |
| Children (14 years and older) | R60,000 each |
| Children (6 – 13 years) | R50,000 each |
| Children (newborn – 5 years) | R20,000 each |
| Parents (26 – 85 years) | R50,000 each |
| Extended family (0 – 85 years) | R50,000 each |
*Note: Coverage amounts may vary for children depending on their age.
How Much Coverage Do I Need?
Think about your financial obligations, like your home loan and car payments. How much money would your family need to cover these costs if you weren’t there?
How to Apply:
- Consider Your Needs: Decide how much coverage you need for yourself and your family members.
- Apply Online or In-Branch: Visit a Capitec branch or apply online.
- Fill Out the Application: Provide accurate information about yourself and your finances.
- Choose Beneficiaries: Select who will receive the payout if you pass away.
- Get Approved: Capitec will review your application and let you know if you’re covered.
Maintaining Your Cover:
- Review Regularly: As your life changes, so should your coverage. Update your plan if you have a child, get married, or your debts change.
- Keep Beneficiary Information Up-to-Date: Make sure your beneficiaries’ contact details are current so they can receive the money quickly.
- Understand Your Policy: Read your policy documents to understand what’s covered and what’s not.
Peace of Mind for You and Your Family
Capitec Life Cover gives you peace of mind knowing your family will be financially protected if something happens to you. It’s a simple and affordable way to show you care and to plan for the future. Take control of your financial future and protect your loved ones with Capitec Life Cover today.