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Advanced Life Plan
Life Cover
This benefit protects the policyholder and spouse, if selected, against mortality risk (death) and has the following features:
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Policy term
Whole of life
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Entry ages
18 to 65 (age last birthday on the date of commencement)
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Policyholder cover
R50 000 upwards
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Additional benefits included
- Lion Life Assist
- Spouse Funeral Cover
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Optional add-on benefits
- Survival Benefit (a cashback of the Life Cover premiums as at the date of commencement; no increases are included)
- Funeral Cover for dependent family members
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How the cover works
- The life assured can be the policyholder or the policyholder’s spouse.
- No medical tests required.
- The Life Cover Benefit is paid when the life assured dies.
Waiting Periods
If the life assured dies because of an accident, no waiting period will apply and the full benefit amount will be paid to the beneficiary or to the life assured’s estate.
If the life assured dies of a natural cause, the following percentage of the benefit amount is paid:
| If, counted from the date of commencement, the life assured dies of a natural cause | Percentage of the benefit amount that can be claimed |
|---|---|
| In the first 6 months | 0% |
| In months 7 to 12 | 10%, limited to R10 000 |
| In months 13 to 18 | 50% |
| From month 19 | 100% |
If the life assured commits suicide in the first 6 months from the date of commencement, no benefit will be paid. Should it happen during months 7 to 24, 10% of the benefit amount will be paid, limited to R10 000. From month 25 onwards, 100% of the benefit amount is payable.
The Spouse Funeral Benefit only applies if the Life Cover Benefit is selected. No additional premiums are payable for the Spouse Funeral Benefit. Only one spouse may be selected for the Spouse Funeral Cover. Additional spouses can be nominated under the Optional Add-On Funeral Cover.
Get To Know More
The benefits you can select under this product are shown in the table below. A separate policy is issued for each benefit.
Some of the benefits are automatically included in your policy, while others are optional.
| Product | Benefits | Description |
|---|---|---|
| Advanced Life Plan | Life Cover | Stand-alone benefit |
| Physical Impairment (Disability) | Stand-alone benefit | |
| Critical Illness (Dread Disease) | Stand-alone benefit | |
| Funeral Cover | Optional add-on | |
| Survival Benefit (100% Cashback) | Optional add-on | |
| Lion Life Assist | Included in the Life Cover Benefit |
No medical tests
