Assupol Life Insurance Cover [2025 Updates]
Details of Assupol Life Insurance. Information on how to purchase Assupol Life Insurance and other facts including, claims, quotes, and contact details.
Life Insurance can be defined as a contract between an insurance policyholder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period.
See Also>> How to apply for Assupol Insurance Claims.
Assupol offers one of the best Life Insurance in South Africa. Find out more information below.
See Also>> Assupol Insurance Contact Details.
Details of Assupol Life Insurance
Life is full of surprises and not all of them are good. If you’re the breadwinner in your family, your death could leave your partner and children financially vulnerable. Assupol know that nothing can replace you, but an Assupol Life Cover policy will provide them with the security and protection they need should the worst happen. You’ll also have the peace of mind that comes with knowing that your family will be taken care of.
Assupol affordable monthly premiums ensure that in the case of your death or disability, or if you suffer from a critical illness, a tax-free lump sum will be paid out. This can be used to pay off your bond or other debts, living expenses, and ongoing medical care if needed.
Assupol have four products with unique benefits to suit your needs.
| Progress Legacy Plan | Progress 4Life Plan | Progress 4Sure Plan | Progress Accident Plan | |
|---|---|---|---|---|
| Minimum premium | R150 per month | R120 per month | R90 per month | R73 per month |
| Maximum benefit (cover) | R10 million | R1,2 million | R300 000 | R1 million |
| Funeral cover for you and your spouse | included, optional for your spouse | included, optional for your spouse | included | no |
| Funeral cover for your parents and children | additional premium | additional premium | additional premium | not available |
| Yearly premium increases Increase your benefits and ensure that benefits keep up with the effects of inflation | yes | yes | yes | yes |
| Blood tests | yes – only an HIV test | no | no | no |
| Loyalty Reward benefit Loyalty Reward, 10% of premiums back | not available | Loyalty Reward, automatically included (Paid every 15 years if you don’t claim) | Loyalty Reward, automatically included (Paid every 10 years if you don’t claim) | not available |
| Disability and critical illness cover | additional premium | additional premium | additional premium | not available |
| Loan protector Assist with the repayment of a loan when you die (e.g. a home loan) | additional premium | not available | not available | not available |
| Education option Assist to fund your children’s education when you die | additional premium | not available | not available | not available |
| RA Maturity reward The value of your Carefree Life Retirement Annuity is increased because you have life cover with Assupol | included | included, if you have a qualifying Progress Legacy Plan | included, if you have a qualifying Progress Legacy Plan | not available |
| Premium Waivers Death and/or Occupational Disability Plus and/or Physical Impairment | additional premium | additional premium | additional premium | not available |
| Premium Waiver – retrenchment Guaranteed insurance for you and your family, without paying any premiums for up to 6 months if you get retrenched from your job | not available | additional premium | additional premium | not available |
| Assupol On-Call HIV/Aids assistance Information about medical matters General telephonic medical assistance – by a qualified nursing sister Ambulance and other transport in a life-threatening medical emergency Admission fee to a medical facility Transport of the deceased and family members Other benefits if the life insured dies Trauma counselling Tutor assistance to children Information about financial matters instantDiscounts™ – if the life insured dies Discount on funerals | additional premium | additional premium | additional premium | additional premium |
| On-Call Plus This benefit pays out on the death of a life insured and can be spent in any combination on instantGroceries®, electricity, transport and airtime. Valid instantGroceries® claims are paid in minutes after a claim has been registered, and can be spent at participating shops countrywide – this includes Checkers, Pick n Pay and Shoprite. Real convenience in a time of need | additional premium | additional premium | additional premium | additional premium |