Life is full of uncertainties, but with the right protection in place, you can plan for your family’s financial future with confidence.
Since its inception, insurance has served a simple purpose: to transfer risk and reduce the anxiety of potential loss. Taking out a life insurance policy in South Africa means your loved ones can maintain their lifestyle, debts can be settled without added financial strain and essential expenses like education, housing and daily living are covered.
At Hollard, we help you to ensure that your family is protected, even when you’re no longer there to provide.
Why life insurance matters
Life insurance isn’t just a policy; it’s a plan for your family’s future. Here’s why it’s essential:
1. It puts your family first
If your income supports your household, life cover is a must. It ensures your income is replaced if you pass away, your partner can manage household responsibilities and living costs, and your children’s education and daily needs are taken care of.
Life insurance gives your family financial stability when they need it most.
2. It covers debts and major expenses
Many South Africans carry financial commitments like home loans, car finance and credit card debt. If you pass away unexpectedly, these don’t disappear.
A life insurance payout can help your loved ones pay off a bond or mortgage, cover outstanding debts and everyday expenses and manage funeral costs and medical bills.
It’s about protecting your family from financial strain during a difficult time.
3. It helps you to leave a legacy
Even if you don’t have significant assets, life insurance allows you to leave a meaningful financial gift. A lump sum payout can help your children or dependents to build a more secure future, invest in education or housing and gain financial independence.
Hollard Life Cover benefits
At Hollard, we offer life insurance solutions designed for South Africans; inclusive, flexible and built for real life.
Our benefits include:
- Up to R1.2 million in life cover with no medical tests required.
- 30% additional cover at no extra cost with a recent HIV-negative test.
- Inclusive cover for people living with HIV.
- A terminal illness benefit, where you claim 100% of your cover in advance if you have a year or less to live.
- 10% discount for smokers who intend to quit within the next year.
Why choose Hollard?
Hollard is one of South Africa’s most trusted insurers, with decades of experience helping families protect what matters most.
Get a Hollard life insurance quote today and make sure your family is taken care of, no matter what the future holds.
FAQs about life insurance in South Africa
Is life insurance really necessary?
Yes. If you have dependents or outstanding financial obligations, life cover ensures your family is financially secure when you pass away.
How much life cover do I need?
It depends on your lifestyle, debts and family responsibilities. A licensed financial adviser can help calculate the right level of cover.
Is the payout from life insurance taxable?
No, life insurance payouts in South Africa are generally tax-free for your beneficiaries.
Can I get life insurance if I’m HIV-positive?
Yes. Hollard provides life cover regardless of HIV status, with flexible benefits available.
Disclaimer
This article provides general information only and should not be considered financial advice. For tailored assistance, please consult a Hollard-accredited financial adviser or a licensed financial professional registered with the Financial Sector Conduct Authority (FSCA).
