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LifeStarter by Investec Life

Access R25,000 in life insurance, at zero cost to you. Sign up on the Investec App today.

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The life you’re working towards is anything but ordinary, that’s why we’ve designed extraordinary life insurance solutions to help you protect it. But we understand that managing competing responsibilities and financial pressures can feel like a balancing act. So, we’ve developed a product to kickstart your life insurance journey with us.

 

LifeStarter: your complimentary cover

As a Private Banking client under the age of 30, you have exclusive access to complimentary life insurance through our LifeStarter package. Sign up in a few clicks on the Investec App today.

This benefit will fall away when you turn 30, but until then, it will cover you in the event you are diagnosed with a severe illness, become permanently disabled or pass away for a total cover amount of R25,000.

Overview
Living benefits
Death benefit
What happens when I turn 30?

Overview

No monthly premium

No underwriting

No medical tests

Apply in less than 30 seconds

Living benefits

Severe Illness Cover
This benefit helps you cover the costs associated with diagnosis, treatment, and lifestyle adjustments if you are diagnosed with a severe illness like cancer, a stroke, or a heart attack.


Disability Cover
This benefit helps you to cover lifestyle adjustments arising from a permanent disability. The lump sum payout can be used to settle your debts, adjust your living space, or motor vehicle.

Death benefit

Should you pass away, your death benefit will pay out to your deceased estate or nominated beneficiary. This can be used to cover funeral costs, settle debt, or provide funds for your loved ones.

What happens when I turn 30?

When you turn 30, this policy will terminate. You will not be charged any premiums on your LifeStarter policy at any point in time.


 

Download LifeStarter by Investec Life brochure PDF 978.81 KB

  • Important points to note

    • The LifeStarter package is only available to Investec Private Banking clients under the age of 30 years old.
    • You will not pay a monthly premium on this policy. Your premiums are fully subsidised by Investec Life.
    • Your policy will end in the earlier event of:
      - A valid claim payout.
      - The month that you turn 30 years old.
      - You no longer having an Investec Private Banking Account.
    • You do not need to go through medical underwriting to qualify.
    • Cover is subject to a six-month waiting period on non-accidental death claims and all severe illness and disability claims. There is no waiting period on accidental death claims.
    • If you pass away, your death benefit will pay out to your estate. To change your beneficiary, please email us at: LifeQueries@investec.co.za.
    • This complimentary cover is limited to one policy per client.

 

 

Get covered in just a few clicks

  1. Log into your Investec App
  2. Click on “Insure"
  3. Click on the “LifeStarter” product card
  4. Click on “Activate now”

Steps to apply

View our guide on how to apply if you are using the App.

No fees. No premiums.
No future obligations.

 

 

 

 

When life happens, we’ve got you covered.

Our LifeStarter package is a great first step in securing your financial future, however, it only provides an entry level solution to protecting your future with us.

Frequently asked questions

  • 1. What is the LifeStarter package?

    The LifeStarter package gives you access to R25,000 in complimentary life insurance with Investec Life, which includes a death benefit, as well as living benefits.

  • 2. What am I covered for with the LifeStarter package?

    This benefit will cover you in the event of death, illness, or disability with a total cover amount of R25,000.

  • 3. Do I have to pay any premiums to access the LifeStarter package?

    No, you will not pay a monthly premium on this policy. Your premiums are fully subsidised by Investec Life.

  • 4. Can I increase this cover amount on the same policy?

    No, in order to take up additional cover, you will need to apply for a new policy with Investec Life and go through the full underwriting process.

  • 5. How long do I get complimentary cover for?

    Your policy will end in the earlier event of:

    • A valid claim payout.
    • The month that you turn 30 years old.
    • You no longer having a Private Banking Account.

  • 6. How do I make a claim?

    If you need to submit a claim, please call us on +27 11 291 3934 or 0860 443 443 or email us at Lifeclaims@investec.co.za. A dedicated claims assessor will be assigned to you and will guide and support you through the process from start to finish.

  • 7. Can I claim for an illness, disability, and death under this policy?

    No, this is an accelerated benefit, so you may claim for one of the three events.

  • 8. Can I sign up for multiple LifeStarter polices?

    No, this complimentary cover is limited to one policy per client.

  • 9. I already have life cover with another insurer, do I still qualify?

    Yes, our LifeStarter package is exclusively available to Private Banking clients under the age of 30, regardless of whether you have existing policies with us, or any other insurer.

  • 10. I turn 30 next month, what now?

    Learn more about our full suite of products here. You can apply for any of our products through Investec Online or the App. Alternatively, you can contact our team of Adviser Consultants on AdvisorySupport@investec.co.za to discuss your life insurance needs.

Statutory information

Investec Life Limited, a member of the Investec Group, is a licensed Life Insurance Company and an authorised Financial Services Provider (FSP number 47702). Terms and conditions apply.