1Life Life Insurance review 2023

1life direct life insurance

The 1life life insurance policy is available to anyone over the age of 18 and provides coverage of up to R10 million. When combined with funeral cover, 1life provides a 28% premium savings to clients. The premiums on 1life life insurance are guaranteed to remain the same for the first 12 months after purchasing the policy.

The 1life life insurance policy can be purchased to cover a variety of expenses and/or to benefit your beneficiary financially in the event of your death. With this in mind, 1life life insurance offers 3 different types of life insurance to customers. Among the life insurance products available are:

  • 1Life Pure Life Plus Cover,
  • Pulse Life Insurance, and
  • 1life Pure Life Cove.

The 1life life insurance plans are discussed further below.

1life Life Insurance Plans

1. 1Life Pure life cover

1life direct life insurance

1Life Pure Life is a life insurance policy that provides up to R10,000,000.00 in coverage. For the first 12 months after subscribing to the product, the premiums are fixed. The agreed-upon quote will be guaranteed, and no increases will be made during the first 12 months following subscription.

The 1Life Pure Life policy includes a funeral benefit that covers funeral expenses. The Pay Now funeral benefit provides  up to R50,000.00 in coverage in the event of the policyholder’s death.

One way to obtain the 1Life Pure Life cover is to request a call back from 1Life Insurance. Over the phone, a quote will be provided at no cost. For 1life Pure Life coverage, only an HIV saliva swab is required; no other medical examinations are required.

Those who already have a life insurance policy with another provider can also apply for the 1life Pure Life cover. 1Life Insurance offers up to R3,000,000.00 in additional cover.

Advantages of the 1Life Pure Life Cover

  • The premiums stay the same for the first 12 months after purchasing the life insurance policy.
  • There will be no medical exams.
  • People who already have life insurance through another insurer may add additional coverage through 1life.
  • The maximum cover amount of R10 million is high. 
  • Instant cover for natural and accidental death.
  • Immediate cover for complications associated to Covid-19.

Disadvantages of the 1life Pure Life Cover

  • There is no cash back benefit. 

2. 1Life Pure Life Plus cover

1life direct life insurance

1Life Pure Life Plus is a life insurance policy that provides up to R10,000,000.00 in life insurance coverage. For accidental death, there is no waiting period. Furthermore, no medical examinations are required to obtain 1Life Pure Life Plus coverage; however, an HIV saliva swab is required.

The 1Life Pure Life Plus Coverage includes a funeral for the principal insured. A R5,000.00 memorial benefit is included on the cover should the primary insured die. The policy also includes an R6,000.00 grocery benefit and a repatriation service.

A funeral insurance policy can be combined with the 1Life Pure Life Plus Cover. Combining the 1Life Pure Life Plus policy with a 1Life funeral cover can save a policyholder up to 28% on premiums.

Those who already have life insurance through another insurer can apply for 1Life Pure Life Plus coverage. Individuals can upgrade and add a life insurance cover of up to R3,000,000.00 with 1Life Insurance.

Advantages of the 1Life Pure Life Plus Cover

  • Customers can save up to 28% of premiums due if they bundle their life insurance with a 1Life funeral cover. 
  • There is no waiting period for accidental death. 
  • There are no medical checkups. 
  • Premiums stay the same for the first 12 months from subscription. 
  • Funeral benefits are are part of the 1Life Pure Life Plus cover. 

Disadvantages of the 1Life Pure Life Plus Cover

  • There is no cash back benefit. 

3. 1Life Pulse Life Cover

1life direct life insurance

1Life Pulse Life Cover is a type of life insurance that rewards policyholders for making healthier lifestyle choices. To reward policyholders, the 1Life Pulse Life Cover makes use of the VeoSens health management app. Policyholders can earn up to R500,000.00 in additional coverage over a two-year period if their insurance starts at R1,000,000.00.

When you sign up for the product, you’ll get an instant bonus cover worth between R50,000.00 and R125,000.00. There is no waiting period for accidental and natural death as they are covered immediately. COVID-19-related complications are also immediately addressed.

1Life Pulse Life Cover provides up to R10,000,000.00 in life insurance coverage. Members of the plan also get a free subscription to the Covid-19 screening app.

Advantages of the 1Life Pulse Life Cover 

  • There is an instant bonus for signing up. 
  • Cover is immediate for accidental and natural death. 
  • Premiums stays the same for the first 12 months from subscription. 
  • Members have a choice to get a smart watch. 
  • Policyholders can get their cover amount increasing by up to R16,230.00 when they make better lifestyle choices. 

Disadvantages of the 1Life Pulse Life Cover

  • The plan doesn’t include a funeral benefit for the principal life insured. 
  • Those with a life cover of less than R1 million won’t get additional cover.

Conclusion

Products from 1Life Insurance offer a variety of features that cater to various demographics. When acquiring a life insurance product from 1Life Insurance, it’s critical to understand which life insurance cover best suits your needs. 

Before purchasing a life insurance policy from 1Life Insurance, it is advisable to have your life insurance priorities evaluated so that you may pick the plan that will benefit you and your family the most.

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