What is Old Mutual Illness insurance?

Old Mutual Protect Severe Illness Cover is insurance that pays a single tax-free amount from R100 000 to R6 million if you have a critical illness (also known as dread disease) such as cancer, a heart attack, or stroke. This can be used to cover: rehabilitation costs, travel expenses to treatment centres, modifications to your home or car, and day-to-day expenses while you take time off from work to recover. Customise your cover by adding benefits such as Mild Illness Benefit, For Women Benefit and Returning Illness Benefit to name a few. Choose from the available add-ons to make it even more unique.
How does it work?Choosing the right cover for serious illnesses doesn’t have to be daunting. With the help of your adviser, you just need to follow these three quick and easy steps.
  1. Choose your cover. In this instance Old Mutual Protect Severe Illness Cover.
  2. Enrich your cover by paying extra for benefits such as Top-up Benefit, Mild Illness Benefit, Child Illness Benefit, For Women Benefit or Returning Illness Benefit. You choose the ones you want.
  3. Choose your add-ons such as Cashback or Premium Protection (these come at an extra cost).
A woman recovers at home with the help of a caregiver hired with the payout from her dread disease cover.
Old Mutual Illness Insurance in a nutshellOld Mutual Protect Severe Illness Cover pays out a single amount of between R100 000 and R6 million. Take a look at how you can enhance your cover with the options below.
Old Mutual Protect Severe Illness Cover

Pays out a percentage of your cover as a single amount if you suffer a severe illness like cancer, a heart attack, stroke and other listed illnesses.

Cover amount

R100 000 – R6 million

Top-up Benefit

Pays the full cover amount for specific illnesses. Includes a Lifestyle Enhancer which pays double the cover amount if your quality of life is severely impacted by an accidental brain injury, coma, heart attack, paralysis or a stroke and you can no longer care for yourself

Child Illness Benefit

Pays up to 10% of the cover amount up to R500 000 for child severe illnesses such as cancer or severe burns

Mild Illness Benefit

Pays 30% of the cover amount for mild illnesses such as Type 1 diabetes and bacterial meningitis

Returning Illness Benefit

Pays up to 50% of the cover amount for returning severe illnesses such as cancer, a heart attack or stroke after the full cover amount has already been paid

For Women Benefit

Pays up to 50% of the cover amount for fertility-related conditions and complications during pregnancy such as endometriosis, eclampsia or stillbirth

No medical tests for cover up to R1 million

You have the option to get cover of up to R1 million without going for medical tests. But remember, the more information we have about your health and lifestyle, the more you could save on premiums and get access to more cover

Add on Premium Protection

To ensure that premiums are no longer payable and cover continues if the premium payer becomes disabled, impaired, is retrenched or dies

Add on Cashback

Get a percentage of your premiums paid every five years on the cashback anniversary

Old Mutual Protect Severe Illness Cover
Pays out A percentage of your cover as a single amount if you suffer a severe illness like cancer,  a heart attack, stroke and other listed illnesses.
Benefits
Cover amount

R100 000 – R6 million

Top-up Benefit

Pays the full cover amount for specific illnesses. Includes a Lifestyle Enhancer which pays double the cover amount if your quality of life is severely impacted by an accidental brain injury, coma, heart attack, paralysis or a stroke and you can no longer care for yourself

Child Illness Benefit

Pays up to 10% of the cover amount up to R500 000 for child severe illnesses such as cancer or severe burns

Mild Illness Benefit

Pays 30% of the cover amount for mild illnesses such as Type 1 diabetes and bacterial meningitis

Returning Illness Benefit

Pays up to 50% of the cover amount for returning severe illnesses such as cancer, a heart attack or stroke after the full cover amount has already been paid

For Women Benefit

Pays up to 50% of the cover amount for fertility-related conditions and complications during pregnancy such as endometriosis, eclampsia or stillbirth

No medical tests for cover up to R1 million

You have the option to get cover of up to R1 million without going for medical tests. But remember, the more information we have about your health and lifestyle, the more you could save on premiums and get access to more cover

Add on Premium Protection

To ensure that premiums are no longer payable and cover continues if the premium payer becomes disabled, impaired, is retrenched or dies

Add on Cashback

Get a percentage of your premiums paid every five years on the cashback anniversary

    Why choose Old Mutual Protect Severe Illness Cover?Because while it's designed for people, it's built for you.
    Learn more about Old Mutual's Illness InsuranceIf you'd like to learn more, please download our informative brochure.
    Need to know more about cover against a severe illness?Take a look at some of the frequently asked questions below.
    • This product is available from your financial adviser. Unlike off-the-shelf products, this one is designed around what you need and want. Your adviser is best placed to help you build your customised cover. If you don't have an adviser please call us on 0860 60 60 60 or find an adviser here.

    • The Lifestyle Enhancer is part of the Top-up Benefit and pays double the cover amount if the insured person's quality of life is severely impacted by an accidental brain injury, coma, heart attack, paralysis or a stroke and they can no longer care for themselves.

    • Cashback pays back a percentage of your premiums every five years on the cashback anniversary - putting money back in your pocket.

    • This benefit ensures that your cover continues if the premium payer becomes disabled, impaired, is retrenched or dies.

    • You're covered up to 30 days before your first premium is payable.

      • You choose if and how you want your cover and premiums to increase.
      • If you stop paying premiums the cover stops. It's important to get in touch with your adviser before this happens so that he or she can assist you with possible solutions.
      • As this product is not an investment, you won't receive any money if you cancel it.
    • These documents contain all the rules and disclosures related to the products and the benefits available on each. They are provided to you so that you can read all the information to make an informed decision about the products and whether you should apply for them or want to see all the information before you finalise your application. This is an indication of the contract you will receive if we accept your application but that contract will only include the benefits and options you have selected and we have accepted.

      To download, click on the product name of the rules and disclosures you wish to see.

      Severe Illness Cover - Pays a single tax-free amount if you suffer a listed illness or injury.