In this blog post, you will learn about Assupol life policy ranging from what the policy is all about what it offers to the plans under this Assupol policy.
Assupol, an insurance company based in South Africa, offers Assupol life policy as one of its main policy products. It is a policy tailored to the needs of South Africa and comes with different plans to meet every South African. If you are interested in this Assupol policy, continue reading to find out more.
About Assupol Life Insurance Cover
Assupol life policy is insurance coverage offered by Assupol. It is an affordable policy and adaptable to the needs of various consumers. The Assupol Life insurance plans are for everyone, whether rich or poor, covering a wide range of people.
If something happens to you, life insurance plans are a better method to leave your family or others with a gift of financial freedom. You can afford to leave your family with liquid cash by paying a monthly premium of R73.
You should leave some money for your family for a variety of reasons. This is particularly true for those with no investments, such as unit trusts.
Since death occurs without warning, having Assupol life insurance can help you leave a legacy for your family. The cover amount can be used for a variety of purposes. This could involve paying off a mortgage, covering your family’s living expenditures, paying for your children’s school fees and/or college tuition, and repaying term loans.
As you can see, your family can use the Assupol life insurance payment money for various purposes. You must first establish your priorities and understand why you require life insurance. Let’s look at the Assupol Life Insurance options that are accessible to you.
Assupol Life Policy Plans
There are four plans under the Assupol life policy: Progress Legacy, Progress 4life, Progress 4sure, and Progress Accident plan. Each plan comes with a different plan and premiums. Let’s look at each to find out more.
Progress 4sure Insurance Plan
The Progress 4sure plan is the least expensive of the four life insurance options. The amount of the monthly payment that you must pay justifies this. The plan costs R90 per month and offers a five-year option to extend the coverage amount to R1 million.
Progress 4life Insurance Plan
The Progress 4Life plan is a level above the Process 4Sure plan and superior to the Progress 4Sure plan. With a higher premium, there are additional advantages to this coverage. Not only will you have greater life insurance, but you will also have better funeral insurance.
The maximum payout on this plan is R1.2 million, including R20,000.00 in funeral coverage. The Progress 4Sure Plan has a monthly premium of R120, which is R30 higher than the Progress 4Sure Plan. So, if you choose this plan, you can receive more for an extra R30.
Progress Legacy Insurance Plan
This is the most expensive but best of Assupol’s life insurance plans. As the name suggests, Assupol is for people who wish to leave a lasting impression. This strategy attempts to provide a legacy for the policyholder’s beneficiaries that will last for decades, if not millennia.
The Progress Legacy Plan is an R10 million fund that can be utilized for various purposes. This approach, however, is the only one that involves a blood test and other medical examinations.
Progress Accident Insurance Plan
When applying for this plan, no blood tests or medical exams are required. The Assupol Progress Accident Plan provides coverage for you and your entire family in the event of an accident.