Life Insurance - Avbob Life Insurance

Avbob Life Insurance

 
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Avbob Life Insurance

AVBOB Mutual Assurance Company Ltd was established in Bloemfontein in 1918 and aims to ensure that…

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Avbob Life Insurance

AVBOB Mutual Assurance Company Ltd was established in Bloemfontein in 1918 and aims to ensure that your family’s future remains secure in the event of your death or disability. AVBOB has been serving the South African market for more than 90 years. AVBOB has grown to be Africa’s largest Mutual Assurance Society, providing a one-stop funeral insurance and burial service. Currently, more than 3,8 million lives are insured by AVBOB.

AVBOB Life Insurance has a variety of products to protect you and your family

Life Cover:
Your family will receive up to R500 000 if you die.

Avbob life insurance Cashback Policy:

This policy will pay out a benefit provided that you have not lodged a claim within the first 6 months of the creation of your policy. In the event of your death or disability, the Cashback policy will pay you out a percentage depending on the period that the policy has been placed. In the case of accidental death, 100% of cover will be paid out on all valid claims without the imposition of a waiting period.

Avbob life insurance payment of the Sum Assured:

  • This policy offers three services including; The Funeral Accelerator, Lump Sum Benefit, and Survivor Benefit.
  • Funeral Accelerator: The beneficiaries receive 10% of the life cover within a period of 48 hours of submission of the required documentation.
  • Lump Sum Benefit: A lump sum benefit of 70% of the life cover is paid at the time when the claim assessment is finalized.
  • Survivor Benefit: A lump sum benefit of 5% of the sum assured is paid as survivor income for each of the four months following the date of finalization of the claim.

Disability or dread disease cover:
Cashback Lifestyle will pay out up to R500 000 as a lump-sum if you become disabled or are diagnosed with a critical illness.

 

Avbob contact details:

Address: Building, 368
Madiba Street,
Pretoria, 0002

Tel: 012 303 1000
Email: [email protected]
Website: www.avbob.co.za


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