Reviews

Dial Direct Life Insurance Review 2021

Published by
Lethabo Ntsoane

Life insurance should be regarded as one of the most valuable gifts you can provide to your loved ones. Beating about the bush will not help you safeguard the future of a loved one. There are other investment vehicles available, such as annuities and retirement income, but none of them outperform inflation like life insurance. Unless you have a trust fund or other sorts of savings, getting a life insurance coverage should be your top priority. With a life insurance policy, you may live with the assurance that your family’s financial requirements will be met if something were to happen to you.

Dial Direct provides life insurance to protect your family’s dreams in the event that you die. You can name up to ten beneficiaries on your life insurance policy with Dial Direct Life Insurance. The cover money is claimed in accordance with your advantageous sharing terms. The insurer’s coverage is adaptable and includes benefits. It is simple to obtain Dial Direct Life Insurance coverage and to file a claim. Online, you can obtain a quote or file a claim. As a policyholder, you have access to the Dial Direct interface, which allows you to make changes to your policy.

Dial Direct Life Insurance Products

Dial Direct Life Insurance protects clients from a variety of risks and provides reasonable certainty that if something were to happen to you, your beneficiaries would be compensated in accordance with the terms of your life insurance policy. Dial Direct provides three different types of life insurance. Pure Life Insurance, Dread Disease Insurance, and Disability Insurance are examples of these. Below, we describe each of the three types of life insurance.

Pure Life Insurance

Pure Life Insurance is a comprehensive life cover that covers you for life. You can get covered for R50,000.00 to R10,000,000.00. You can cover up to 10 dependents of your choice on the comprehensive Pure life cover. 

 If you are with comprehensive Pure life insurance, you don’t need to have a funeral cover since the cover pays a portion of your cover out as soon as you die. The policy pays out R50,000.00 that goes towards the funeral expenses within 48 hours of making a successful claim.

There is no waiting period for accidental death. Death due to natural causes is covered after the first two years from paying your first premium. Death due to suicide is also covered after the first 2 years from taking the policy. 

Should you wish to increase the cover amount on your cover you can do so. The comprehensive Pure life insurance comes with Guaranteed Assurability which allows you to increase your cover amount when you need to.

 The policy allows those who suffer a terminal illness to benefit before they die. This benefit is only for those that are diagnosed with a terminal illness and are given less than a year to live. The policy will make a payout of the entire cover to such persons. 

Dread Disease Insurance

Comprehensive dread disease insurance is an insurance package from Dial Direct that covers you for unexpected diagnosis of a dread disease. The insurance cover pays out a percentage of the cover in a tax-free lump sum. 

The cover starts from R50,000.00 to R4,000,000.00. Dread disease cover doesn’t stop at any time, so you are covered for life. Premiums to the cover do not increase for the first 24 months from taking the policy. 

There are no medical exams to get the cover, only an HIV test is performed. The cover doesn’t have any waiting period, so you are covered immediately after accepting the dread disease cover quote. 

Competitive Disability Insurance

Comprehensive disability insurance from Dial Direct is disability insurance that covers you should you become partially or fully disabled. The cover starts from R50,000.00 to R10,000,000.00. Money is made available to you after a successful claim. 

Premiums on the disability insurance remain the same for the first 2 years from the day you accept your disability insurance quote. You also get to increase your cover amount whenever you want to enhance your lifestyle.

There are no medical exams when taking the disability cover except for an HIV test. You get covered from day one, therefore, there is no waiting period. 

Dial Direct Life Insurance Extended Benefits

You get benefits that are not related to your health after taking the Dial Direct Life insurance. You get to receive a once-off 500MB data when you activate your policy. Data is sent to you and comes with an option to use it on an AlwaysOn Hotspot. 

You get access to the Dial Direct mobile App. The app allows you to make Express claims and track your claims. The policy also comes with assist benefits. Assist benefits include medical, home, trauma, roadside & towing, and legal assist benefit. These are there to help you during times of emergency. 

Conclusion

Dial Direct Life insurance comes with plenty of advantages that include benefits and low premiums. It is surely a reasonable insurance policy that anyone shopping for life insurance should consider. 

It is important that you live a healthy lifestyle so that you can get your premiums reduced. Keeping away from smoking and habitual drinking can be a good starting point. 

Ensure that your estate has knowledge about your life insurance policy. This will help your beneficiaries tremendously in the future when you are no longer around. 

There is over R45 billion Rands that is unclaimed from insurance companies, therefore, by adding your policy on your Will, you eliminate the chances of your policy being unclaimed.

Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted at lethabo@rateweb.co.za

Published by
Lethabo Ntsoane
Tags: dial direct