Chances are you are here because you would like to know how much Assupol cashback. You have come to the right place, and you’ll find this blog post useful as it entails all details on how much you will get after claiming the Assupol cashback.
Then cashback paid by Assupol is benefits you enjoy for either buying a funeral or life cover.
How Much Is Assupol Cashback In South Africa
How much Assupol pays cashback depends on your premium and the period of your contribution.
The cashback is claimed after a certain period where you have to be paying your premiums.
It is among the benefits you enjoy for commitment to pay the cover, which is usually paid for a lifetime because the claim is after you die.
The cashback is the amount that is paid to you for you to enjoy having been paying the premiums.
Below are the two main covers and which you can get cash back and how much you can get.
Assupol Cash Back Period
The Assupol Cash Back period is three (3) to four (4) years of active contribution.
If you have been with the insurance company continuously for three to four years, then you qualify for cash back.
Please note that the cash back period is 3 – 4 years on active contribution.
Progress 4sure Plan And Progress 4life Plan Life Cover
Under Assupol life cover, there are two premium plans Progress 4Sure Plan and Progress 4Life Plan.
If you are under any of these two plans, you can get 100% cashback after 10 or 15 claim-free years.
The 100 % cashback means you will get the full amount of money you pay each month.
The amount you get depends on the amount you have been paying each month and how many years you have been paying.
Funeral Cover Cashback Benefit
The second Assupol cover with cashback benefit is the funeral cover.
The purpose of an Assupol Funeral policy is to relieve your loved ones of the financial burden of your death.
When an insured person passes away, a funeral plan makes money available fast.
You and your family are covered for a nominal monthly fee.
When a person with insurance dies, the beneficiary is entitled to a monetary payout.
The amount paid as cashback is the six premiums back every four years for every active funeral policy.
Assupol notifies its clients when they are eligible for cash back for you to claim.