1Lifedirect lets you buy life insurance on your cellphone

It may seem strange to buy life insurance on your cellphone, but this is precisely what you can do with 1Lifedirect, which is offering whole life cover up to R500 000. With cellphones providing access to just about everything these days, why not life insurance?

1Life says its clients can view and make changes to their policies on their phones, too, using special technology that provides an interactive user experience. The nice thing is that life cover is available to all South Africans with a phone that has WAP access.

But don’t think you have to settle for a one-size-fits-all package — you still have to complete four lifestyle questions and six medical questions during the online application process. Of course, if you’re not honest upfront, you’ll face the usual problems later — claims won’t be processed and so on.

Because you’re taking a “short cut” to insurance, without having to fill in application forms, don’t assume that the process has loopholes in it. Lifestyle and risk factors still play a role in determining what cover you will be eligible for.

The advantages are simplicity, convenience and personal control, according to 1Lifedirect’s CEO, Anton de Souza, who suggests that insurance could well be purchased by using a cellphone by choice in the future. But traditional concerns remain. What happens once you’ve purchased the insurance and you have queries? Can you follow up with the company?


According to de Souza, the existing 1Lifedirect call centre is available to help clients take up and administer their policies, as well as make changes if necessary. Also, existing clients can use their cellphones to do so, by dialling #120#101#.

“We developed two mobile life insurance solutions. The first one allows clients to buy a policy and the second allows clients to administer their policy,” says de Souza.

You can visit the mobisite and click on “Buy now” to take up a policy: www.1Lifedirect.co.za/mobi.

The life insurance cover available on your cellphone pays out up to R500 000 to a nominated beneficiary should you die. It also covers accidental death immediately and includes terminal illness cover.

In addition, it pays out up to R25 000 of your life cover amount as a funeral benefit within 48 hours of submitting a claim.

As with any policy, though, make sure you find out exactly what is and isn’t covered and under what circumstances the policy may not pay out. Ask questions. If you are looking for pure life cover that you can administer yourself, this product certainly seems appealing.

* As with any life insurance product, you get what you pay for and you should always consider your particular individual needs before purchasing a policy. Keep these guidelines in mind before going ahead.

Read more news, blogs, tips and Q&As in our Smart Money section. Post questions on the site for independent and researched information

Subscribe to the M&G

These are unprecedented times, and the role of media to tell and record the story of South Africa as it develops is more important than ever.

The Mail & Guardian is a proud news publisher with roots stretching back 35 years, and we’ve survived right from day one thanks to the support of readers who value fiercely independent journalism that is beholden to no-one. To help us continue for another 35 future years with the same proud values, please consider taking out a subscription.

Related stories

Indians in South Africa, a historical excerpt

In the book, The Indian Africans, academic Kiru Naidoo explores the society of colonial Natal in the late 1800s to early 1900

A colossus with feet of clay

South Africa is disproportionately targeted by cybercriminals. Digital attacks call for digital solutions and technology is a the prime weapon in this fight

The president, the preacher and the great escape

Malawi’s new president was furious after Shepherd Bushiri’s dramatic disappearance from South Africa

Patel: South Africa on target to attract R1.2-trillion in investments

The trade minister says the country is on track to reach more than R1-trillion worth of investments over five years, despite Covid-19 disruptions

South Africa must revisit and refresh its idea of itself

Covid has propelled citizens into feelings of a new shared identity in which the historical force of ‘whiteness’ is fading into irrelevance

Institutions of higher learning should commemorate their casualties

The bust of Matikweni Nkuna at Tshwane University of Technology is an example of how we should honour those who fought for equal access to education
Advertising

Subscribers only

Q&A Sessions: Frank Chikane on the rainbow where colours never...

Reverend Frank Chikane has just completed six years as the chairperson of the Kagiso Trust. He speaks about corruption, his children’s views and how churches can be mobilised

ANC: ‘We’re operating under conditions of anarchy’

In its latest policy documents, the ANC is self-critical and wants ‘consequence management’, yet it’s letting its members off the hook again

More top stories

‘Where the governments see statistics, I see the faces of...

Yvette Raphael describes herself as a ‘professional protester, sjambok feminist and hater of trash’. Government officials would likely refer to her as ‘a rebel’. She’s fought for equality her entire life, she says. And she’s scared of no one

Covid-19 stems ‘white’ gold rush

The pandemic hit abalone farmers fast and hard. Prices have dropped and backers appear to be losing their appetite for investing in the delicacy

Al-Shabab’s terror in Mozambique

Amid reports of brutal, indiscriminate slaughter, civilians bear the brunt as villages are abandoned and the number of refugees nears half a million

South Africa’s cities opt for clean energy

Efforts to reduce carbon emissions will hinge on the transport sector
Advertising

press releases

Loading latest Press Releases…