My 1Life Disability Insurance policy

When will a policy pay out?

1Life Disability Insurance pays out in the event of the permanent disablement of the life assured, depending on the type and amount of cover bought.

Are there any waiting periods for disability insurance?

There are no waiting periods that apply to disability insurance, however we would need to establish that you are totally and permanently disabled before a valid claim can pay out.

Can I increase my disability insurance at another time?

Cover may be increased to the maximum amount that you qualify for at any time once the policy has been issued. Further medical underwriting and an HIV test may be required. Your premium will be adjusted according to the new sum assured that has been requested and the additional cover will start on receipt of the new premium.

Guaranteed Assurability benefit

On 1Life's disability insurance, the amount of cover may be increased by 25% of the original insured amount, up to a maximum of 2 times (double) the amount originally insured or up to the 1Life maximum insurable amount at the time – whichever is the lower. This is without the need for any further medical underwriting, other than providing a new negative HIV test for the life assured. Ts&Cs apply.

This benefit option may only be exercised every three years on the anniversary date of the policy or after a significant event has occurred as described below:

• The marriage of the life assured
• A child being born to or legally adopted by the life assured
• The life assureds' purchase of a home
• The life assured entering into a business or taking an increased interest in an existing business

Does my sum assured increase when my premium increases by 5% annually?

No, the sum assured will not change if your premium increases by 5% annually. However, your premiums will not change for the first two years of cover.

What happens to my cover when I die?

As the disability cover amount is payable to the life assured, the pay-out can only be made to them. Upon death, the cover falls away.

What happens to my cover if I move to another country?

1Life requires that you inform us if you intend on leaving the country to determine if we are able to continue cover. If you fail to notify us and a claim arises, 1Life may decline a claim.

What happens to my policy or benefits if my health or lifestyle circumstances change?

If any of your habits change, for example you start smoking, you change your nominated occupation, or even take up a hazardous pursuit such as skydiving, you should inform 1Life of such change. You also need to notify your insurer of any change in health that occurs before your policy or cover starts, so in the time period between when you applied for cover and when cover commences. Failure to inform us of these changes could result in your claim being declined or a lesser amount being paid out at claims stage.

What happens if I can't afford my premium anymore?

Failing to pay a premium may mean that you will not be covered for the specific month. Failing to pay two consecutive premiums will lead to a suspension of your cover. It is important to contact your insurer to make alternative arrangements.

Can I claim back tax on my disability insurance?

No, disability insurance is not tax-deductible.