Premiums & Paying for your EasyProtect Policy
- How Can I Pay My Premiums?Once your application has been successfully accepted, you will be able to set up your payment method. You will be able to set up a payment using your bank or credit card. Simply…
- How Often Are Premiums Paid?Premiums are paid monthly in advance. This means the premium for a given month must be paid on or before the 1st of that month. The only exception is for the period starting from…
- When Will My First Premium Go Off My Account?It's up to you! Your first premium will be debited on the date you select during the application process. Choose to have your account debited at the beginning, middle, or towards…
- What Happens if I Miss a Premium?If you miss your first premium, you will no longer be covered. We will cancel your policy immediately, but you still have two options: Start from scratch. If you wish, you can…
- Will My Premiums Change Over Time?As an EasyProtect policyholder, your premiums will remain the same throughout your policy term. (Yup, even if inflation fluctuates!). This means we won’t send you a notification…
- Will My Beneficiaries Pay Tax On My Claim?No, life insurance pay outs to beneficiaries are tax-free in South Africa!
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