We raise the bar for housewives and students
As part of our March 2012 pricing review, we introduced a number of new pricing and rate improvements. It’s likely that you already know that women, professionals and those seeking lump sum disability cover are likely to benefit most from our revised pricing and lower premiums, with lower rates depending on the benefits chosen.
But did you know that – not only did we drop our rates to provide better value – we also increased the maximum benefits for certain individuals. Two segments, housewives and students, can now enjoy an increase in the maximum sum insured, depending on their risk profile.
Increased maximum benefit limits for housewives
Housewives provide a critical service to our families and society. While the thought of losing your household income probably fills you with dread, nothing could prepare you for the loss of the person that holds your home together. For this reason, Altrisk now offers housewives up to:
- R3 million life cover
- R3 million impairment cover
- R3 million critical illness cover
- R15 000 per month impairment income cover, with a minimum waiting period of 1 month
Teaching students the benefits of long term insurance
Students also enjoy an increase in maximum benefits. Unfortunately, most students aren’t even considering long term insurance. But there are obvious benefits to being underwritten while young and healthy. Students need only consider the impact of becoming disabled while studying to see why obtaining long term risk cover makes a great deal of sense - transportation, equipment and rehabilitation could become serious financial burdens on top of the cost of tuition. Luckily, students can now obtain cover up to the following limits:
- R500 000 life cover
- R4 million impairment cover
- R2 million critical illness cover
- R15 000 per month impairment income cover, with a minimum waiting period of 1 month
These are among the best maximum benefit amounts in the market, so contact your financial advisor if you would like to find out more about them.
If you are a financial advisor and haven’t joined the innovative insurance revolution, be sure to contact Altrisk to join our network of accredited financial advisors.
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Altrisk is an authorised financial services provider (FSP 9869) and a Hollard associate company.