What is Old Mutual Illness insurance?
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.
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.
Simon Boshielo never thought he would be affected by a stroke.
When it happened to him in 2024, his family were grateful for his Old Mutual Severe Illness Cover that allowed him to focus on recovery. Find out how impactful severe illness cover can be by watching the video and listening to Simon's wife, Gladys, share his story.
Old 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
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
Take a look at some of the frequently asked questions below.
- 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.
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.
Illness insurance - also known as severe illness cover - provides cover for illnesses, like cancer or a stroke, that may carry a high risk of death or negatively impact your quality of life and ability to perform daily activities. Illness insurance can pay towards ongoing expenses such as rehabilitation costs, treatment centres, modifications to your home if needed, travel costs and more.
Your medical aid provides cover towards the cost of diagnosis and treatment costs of an illness. However, it won't cover any indirect costs you incur that come with treating long-term critical illness. Illness insurance can help fill that gap.
Gap cover is intended to provide cover towards the shortfall of treatment costs not covered by your medical aid. It’s insurance specifically designed to supplement your existing medical aid cover.
Learn more about the differences between medical aid, gap cover and illness insurance.
You can get cover between R100 000 – R6 million. An accredited financial adviser can help you determine how much cover you need according to your lifestyle and affordability.
With severe illness insurance, you get immediate cover. You're covered up to 30 days before your first premium is payable.
You're covered up to 30 days before your first premium is payable.
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.
Old Mutual’s Disability insurance pays out a tax-free single amount or monthly payments (depending on the type of cover you choose) if you’re impaired, unable to work, or can't take care of yourself due to illness or injury.
Illness insurance pays out a single amount that can be used to cover the costs of rehabilitation, travel expenses to treatment centres, modifications to your home or car and day-to-day expenses when you are diagnosed with an illness such as cancer, heart attack or stroke.
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.