A time to reflect
This post was published on 08 Dec, 2022

A time to reflect…

What a year 2022 has been…

From starting it off with government restrictions to the restrictions being lifted off and life as normal or as we knew it changed forever.

If anything, the last two years have taught us that life is unpredictable, our reality can be changed in an instant. That is why it is so important to plan ahead, to make sure that our loved ones, our assets and the things we’ve worked hard for are protected, should the unthinkable happen.

There are currently so many insurance product options available in the market, making it quite confusing for the consumer to choose which products to buy. Insurance products are essential, that’s if your main priority is protecting your loved ones, assets and future. Should you be getting life insurance, a funeral policy or both? 

We suggest you have the following covers:

For your assets:

Car Insurance 

Car Insurance is insurance for road vehicles. Having car insurance means you have financial protection against physical damage or bodily injury resulting from car accidents and against liability that could also arise from incidents on the road and third parties.

Home and Home Contents Insurance

Home Insurance, commonly known as Building Insurance, is cover for the building structure. It protects your home against accidental loss or damage caused by fire, theft or natural disasters like floods.

Home Contents Insurance as the name suggest, is cover for the contents in your home. These household contents may include furniture, home appliances and gadgets. This covers your home contents against theft, damage, fire and burglaries.

Life Policy

Life Insurance protects your family against the financial implications of your death or permanent disability. This ensures that should the unthinkable happen to you, they will be provided for financially so that they can still afford lifestyle expenses, pay off outstanding debt, education and more, even if you are no longer able to provide for them in person.

Funeral Cover

Funeral Cover on the other hand, pays out a lump sum in the event of death, with the objective of covering the costs of a funeral. 

Funeral cover usually pays out within 48 hours of death. It provides for the costs of things like airtime to make arrangements with family members, flowers, the tent, tables and chairs, groceries for the funeral event and all other expenses related to the funeral itself.  

Gap Cover

In South Africa, medical aid schemes currently reimburse doctors and specialists at either 100%, 200%, or 300% of the scheme rate. Professional medical providers may charge up to five times the base tariff resulting in a shortfall, that’s when Gap cover fills the gap and pays for the shortfall.

What is Gap Cover?

It is important to note that this cover doesn’t replace your medical aid cover. It is a short-term insurance product designed to provide extra protection for medical aid members in case of medical shortfalls. It covers the deficit between your medical scheme’s tariff (MST) and the actual rates charged by private healthcare professionals.

Business Insurance
(for those who own small businesses)

Business insurance is cover to help you manage your business's risks. It gives you financial protection from losses that can occur during normal business operations.

Our Business Insurance is designed for small to medium-sized businesses, we know and understand what your business means to you, how hard you have worked to keep it afloat. We also know that it took blood and sweat to get your business to where it is today, trust us to partner with you to protect your greatest pride and investment.

The best way to protect the things you've worked hard for is to insure them. For affordable Car, Home, Life and Business Cover, choose us: www.iwyze.co.za or call: 0860 93 94 93 for a quick obligation-free quote.






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