Life Cover

Life Cover from Investec Life pays out a lump sum of up to R100,000 within two business days to the main beneficiary while the claim is being assessed. For larger payouts, the beneficiary has the option to receive a lump sum or have the benefit paid out in instalments over time. This quick initial payment helps provide immediate financial support to the family.

Your Life Cover payout is designed to give your loved ones financial security when they need it most. It can help replace lost income, settle outstanding debt, cover education costs, pay estate-related expenses, or simply allow your family to maintain their lifestyle without having to sell assets to meet immediate financial obligations.

The right amount of Life Cover depends on your financial responsibilities, income, debts, assets and the people who depend on you. Many financial advisers suggest a cover amount of between 12 and 20 times your annual salary, but the amount that's right for you should reflect your personal circumstances and long-term financial goals. Investec Life tailors your cover to your life stage and individual needs.

As your life changes, your insurance needs may change too. Whether you're buying a home, getting married, growing your family or planning your estate, it's important to review your Life Cover regularly to ensure it continues to reflect your financial responsibilities and the people who depend on you. Your financial adviser can help you assess whether your cover remains appropriate for your circumstances.

For larger claims, your beneficiary can choose how they receive the payout; they can opt to receive a lump sum or have the benefit paid out in instalments over time. This flexibility allows them to choose the option that best supports their financial needs and long-term plans.

Most clients can complete the application without medical testing. In some cases, depending on factors such as the amount of cover you apply for or your medical history, additional information or assessments may be required. The application process is fully digital and designed to be as straightforward as possible.

Your monthly premium is based on factors such as your age, health, lifestyle and the amount of cover you choose. Investec Life designs and prices your cover around your individual circumstances and life stage. Premiums are age-rated and reviewed annually, so they will typically increase each year to maintain the same level of cover.

If you're an Investec Private Banking client, you can get a quote and apply digitally through Investec Online or the Investec App. Simply navigate to the “Insure” section to get started. Most clients can complete the application online, with no medical testing required. If you would like personalised guidance, an Investec Life consultant or accredited financial adviser can assist you through the process.

As your life changes, your insurance needs may change too. Whether you're buying a home, getting married, growing your family or planning your estate, it's important to review your Life Cover regularly to ensure it continues to reflect your financial responsibilities and the people who depend on you. Your financial adviser can help you assess whether your cover remains appropriate for your circumstances.