Buying 1Life Pure Life Cover

How is my life insurance premium calculated?

Your premium is based on your specific risk profile (each client is different) and this will have an impact on how much you will pay. The factors that will affect your risk profile are:

Age – younger individuals will pay a lower premium, due to the decreased likelihood of dying from natural causes at a young age.

Gender – the premiums are slightly lower on average for women, as statistics have proven that there is an increased likelihood that they live at least 6 years longer than men.

Health – if you have a current health condition or a history of illness, the likelihood of death increases and the risk is much higher compared to someone who is healthy.

Lifestyle – if you participate in dangerous sports, such as regular sky diving, the risk of injury and/or death is higher and this would have an effect on your premium.

How much life insurance should I buy?

The amount of life insurance you need depends on your individual circumstances - your life stage, your income, the future needs of your dependants, and of course affordability. With 1Life’s life insurance cover and affordability calculators, you can work out exactly how much life cover you and your family need, as well as how much cover you could qualify for, if you’re currently under-insured.

How much life insurance are you allowed to have?

1Life offer a maximum sum assured of R10 million. You can also be insured at other institutions, however you must be careful of over-insurance as 1Life will aggregate your insurance against cover you already have to ensure you have the right cover.

What if I already have life insurance?

If you already have a life insurance policy, it's a good idea to review it regularly to make sure it still meets your needs, and that your beneficiary/ies and other information are up to date. If you say yes to any of the following scenarios, it might be time to sit down again and review your policy:

• Are you recently married or divorced
• Do you have a child or grandchild who was recently born or adopted
• Do you provide care or financial help to a child or parent
• Have you recently purchased a new home
• Have you recently started a business
• Have you recently taken on more debt

I have insurance through my employer. Is that enough?

Check your contract to see if the amount is adequate. If not, you should consider topping it up with separate life insurance.

What is the minimum age of entry for life insurance?

You have to be between the ages of 18 and 64 to purchase 1Life Pure Life Cover.

Do I have to go for a medical?

1Life does not require you to undergo a medical examination. However, we will arrange for you to go for an HIV test. Our innovative HIV saliva testing procedure means that you do not have to go for a blood test.

Your policy may be referred to an underwriter or quality assurer to assess whether to issue the policy and at what premium rate. To qualify for certain cover types, the life assured will be required to go for an HIV test.

1Life reserves the right to require the life assured to undergo certain/specific medical tests as may be deemed necessary based on your risk profile to ensure correct risk is covered. The costs of such medical tests shall be borne by the life assured.

Note: no HIV test required for 1Life Priority Life Cover

How is the HIV test done?

In order to buy cover with us you might be asked to do an HIV test. Simply visit a Clicks or Dis-Chem pharmacy nearest to you to complete your test.

How much will the HIV test cost?

There is no cost to you to complete this test.

What is DebiCheck?

DebiCheck is a way you control how certain debit orders are taken out of your bank account. You confirm this once, at the start of the contract. This is done to inform your bank that you give permission for the money to be taken from your account. Find out more here.