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Hollard Life Insurance Review 2022

Hollard Life Insurance offers life insurance policies that cover three distinct categories of life insurance. Hollard’s products are well-suited for anybody and address all of life’s unique requirements. Hollard is cognizant of the fact that life is unpredictable. Accidents and natural causes of death can happen to anyone. That is why the organization provides coverage for life, critical sickness, and disability. Nobody is immune to life-threatening illness, disability, or even death

. As humans, we all share one fate: death. Thus, regardless of your present health or financial situation, purchasing a life insurance policy from Hollard is a prudent option. You will be acting for your own benefit, but most crucially for the benefit of your family and dependents. By purchasing a Hollard Life insurance policy, you can rest confident that your family will be taken care of in the event of your death.

Whether you develop a disability, are diagnosed with a life-threatening illness, or die, just one favorable case will remain. That is, neither you nor your family will encounter financial hardship during these trying times in your life. Additionally, Hollard life insurance makes solutions that help you not just when you are unwell or in a serious state. Hollard reimburses its clients for a portion of their premiums every five years.

This enables you to keep a portion of your premiums even if you do not make a claim for severe illness, disability, or death.

Let us carefully examine each life insurance product from Hollard.

Hollard Life Insurance products

Hollard offers three life insurance products namely life cover, disability insurance and critical illness insurance. Below we look at each product including product highlights and cover amounts.

Life cover

A human being’s most valuable possession is his or her life. Perhaps before insuring any asset, the first thing you should do is insure yourself. Your life is critical in the universe, which demonstrates how vital it is. By insuring your life, Hollard Life Insurance can assist you in meeting your life insurance demands. Everything that is important to you will be financially secure if something happens to you. Your family and dependents will continue to live comfortably.

The proceeds from your life insurance policy can be used for a variety of purposes. The cover money can be used to pay for your children’s tuition, pay off your home loan, and cover living expenses, among other things. It is entirely up to you to determine why you require life insurance. Hollard’s team of experts will assist you in obtaining coverage that is appropriate for you and your family.

Here are the highlights of the Hollard life cover:

  • Premiums will depend on the individual risk profile.
  • You can choose a life cover of up to R1. 2 Million depending on your cover needs.
  • There are no medical tests.
  • You get an interim accidental benefit of up to R500,000.00 that covers you for accidental death immediately.
  • This offer is available for clients with HIV.
  • If you are a smoker but intend to quit within the next year, you receive a 10% discount on your premiums.
  • There is an additional 30% cover amount at no charge for those who take an HIV test in 12 months and test negative.
  • You get 100% of your life cover if you get terminally ill and have a life expectancy of less than a year.

Critical Illness Insurance

Critical illnesses alter the course of one’s life and necessitate life-altering surgeries. With medical bills for the majority of critical illnesses in the hundreds of thousands, many people are financially unable to cope. With Hollard critical illness insurance, you can be confident that any lifestyle adjustments resulting from critical illness will be covered. As the breadwinner, you will be unable to work at this period, therefore this money will come in handy.

It will be especially beneficial for your dependents during such a trying time. You can hire a nurse, pay for treatment, cover any costs not covered by your medical insurance, and cover living expenditures. Cancer, heart attacks, strokes, and other disorders that are expected to cause significant health damage are considered critical illnesses.

Here are the highlights of the Hollard critical illness cover:

  • You receive a tax-free lump sum payout to cover costs.
  • Receive up to R7. 5 Million to cover any lifestyle changes and medical costs.
  • Premiums are subject to individual risk profile.
  • Critical illness insurance covers 57 serious illnesses.
  • It also covers your children of the 57 serious illnesses at no extra cost.
  • Should you face a life-changing event you won’t have to pay premiums for up to 3 months.
  • Has a cashback benefit after every 5 claim-free years.
  • Makes monthly payments of up to R30,000.00 after you turn 65.
  • Covers you for full-time care with a registered frail care facility, hospice or nursing home or with a registered medical professional.

Hollard Disability and Impairment cover

You must arm yourself against impairments. They are potentially fatal and leave permanent scars and sores. The Hollard disability and impairment cover will ensure that you can pay your bills and have the funds to deal with your handicap. Because you will be unable to work at this point in your life, and possibly for the remainder of it, this cover can assist you. You can get a single lump-sum payment of up to R10 million.

This money can assist you in living your life and focusing on the things that are essential to you.

Here are the highlights of the Hollard disability and Impairment cover:

  • Premiums on the cover will be determined according to your risk profile.
  • The cover pays a lump sum of up to R10 Million and monthly income payments of up to R100,000.
  • You will choose the cover amount according to your needs.
  • This cover will replace your income if you are unable to work due to an accident or illness.
  • Has a cashback benefit after every 5 claim-free years.
  • Makes monthly payments of up to R30,000.00 after you turn 65.
  • Covers you for full-time care with a registered frail care facility, hospice or nursing home or with a registered medical professional.

Conclusion

Hollard Life Insurance offers simple, straightforward life insurance options for everyone. All policies are available to everyone, and you can customize your life insurance policy to meet your specific needs. There is no one-size-fits-all policy because your coverage is customized just for you. The best part is that the majority of programs pay cashback every five years, which represents an excellent return on a life investment.

Hollard Life Insurance Review 2022

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 [email protected]

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