FAQ 1. What is Trauma cover?
Answer: Trauma cover is insurance that pays you a lump sum amount if you suffer from a defined severe illness or condition for the first time.
FAQ 2. What is life cover?
Answer: life cover is an insurance that pays you a lump sum or a monthly benefit if you pass away or are diagnosed with a terminal disease.
FAQ 3. What is income cover?
Income cover is insurance that pays you a monthly amount to compensate for the loss of income due to disability as a result of an illness or injury. Offsets can apply.
FAQ 4. What is mortgage repayment cover?
This is insurance that pays you a monthly figure to cover your mortgage payments if you become totally disabled as a result of illness and/or injury
FAQ 5. What is premium cover?
Premium cover is insurance that pays your premium on your policy if you are disabled and unable to work
FAQ 6. What is Medical cover?
Medical cover is an insurance that reimburses you for medical expenses, for example costs for specialists and/or private care for surgery
FAQ 7. What is Complete Disablement cover?
Answer: this is insurance that pays you a lump sum amount if you become completely disabled due to disease or an injury
FAQ 8. What is an exclusion on a policy?
Answer: An exclusion is anything that is not covered by the policy, due to medical reasons such as sickness and or injury which may be present or past.
FAQ 9. What are loadings on a policy?
Answer: Loadings are additional premium charges to an insured person that may be of a higher risk of claiming on condition such as on Medical issues past or present and extreme leisure activities.
FAQ 10. What is underwriting
Answer: Underwriting is where an insurer assesses a customer’s application, depending on what policy is applied for, including but not limited to the customer’s medical/ financial and income situation.