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Disability Lump Sum cover from Bidvest Life is insurance that will pay out a lump sum if you become permanently disabled. This pay-out can provide for once-off costs like paying off your debt or making lifestyle changes, such as building a ramp if you are permanently disabled.
If you become permanently disabled, you can receive a partial or full payout of your selected cover amount. The percentage payment is based on how severe the disability is.
This cover is available to all occupations that qualify for Income Protection cover with Bidvest Life.
This cover is typically used to pay off your debt in the case of a permanent disability. Other once-off expenses may include vehicle and home modifications, specialised wheelchairs and custom-made prosthetics.
”This pay-out can provide for once-off costs like paying off your debt or making lifestyle changes, such as building a ramp if you are permanently disabled.”
You can take up a minimum lump sum of R 100 000.
You can claim for a list of permanent disabilities, examples include but are not limited to, impaired vision or blindness, the effects of suffering a stroke, chronic back conditions, Motor neuron disease or physical impairments such as amputations.
You can select a combination of lump sum and income benefits when you take up both Disability Lump Sum and Income Protection cover from Bidvest Life.
2) Cover Extension
You can select to have cover until your chosen retirement age or for the rest of your life.
1) The Medical Second Opinion Family Benefit is an optional benefit, which offers you and your immediate family an independent medical diagnosis and review of your treatment plan. The service includes access to a global network of more than 100 world-leading medical centres known for medical research breakthroughs and advanced treatments.
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