GREENLIGHT
Risk Cover
Take a look at our GREENLIGHT products
and the benefits on offer.
personal solutions life and disability GREENLIGHT risk cover
Old Mutual GREENLIGHT coverWe've introduced a new Old Mutual Protect Personal Cover range which is built for life and changes as your life changes. Rest assured that GREENLIGHT still remains very much a part of our offering when it comes to your personal risk cover options. Our GREENLIGHT products and their benefits are listed below.
GREENLIGHT product details
Please select from the options below. If you are an existing customer and would like to view your updated values and policy information, please register on or log in to our secure site (using the Login button in the top right of this page), or contact your financial adviser or call 0860 60 60 65.
  • GREENLIGHT Life Cover from Old Mutual is life insurance that pays out a lump sum (once-off payment) to your beneficiaries if you die or to you if you become diagnosed with a terminal illness. The money received can help your family settle debt, cover estate duty costs and even expenses.

    Product benefits:

    Death benefit - life cover that gives your beneficiaries a once-off payment when you die. Terminal Illness Benefit is included. Medical tests are required. Cover available for HIV customers. Range of cover - from R100 000 upwards.

    Final Expenses Benefit - cover for you, your partner, your children and extended family. It pays when the insured person dies to help beneficiaries cover final expenses. Medical tests are required. Cover available for HIV customers.

    Recap of cover limits:

    • Yourself: R50 000 to R100 000
    • Your partner: R5 000 to R40 000
    • Your children: R5 000 to R30 000
    • Up to four members of your extended family: R5 000 to R30 000

    Accidental Death Benefit - cover for those at risk of accidents or crime or if not able to get life cover due to medical reasons. No medical tests required.

    It will pay out a lump sum if you die because of an accident or are a victim of crime or violence.

    The amount of cover you can buy ranges from R100 000 up to R2 million. If you are a student or unemployed you may only buy cover up to a maximum of R650 000. You can choose to cover yourself for a short or long period, but your cover will end when you turn 65 years of age.

  • The severe illness benefit from GREENLIGHT pays a lump sum, tax-free amount from R100 000 to R6 million if you have a severe illness 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 taking time off from work to recover.

    Severe Illness cover options:

    All options below offer income protection for life.

    GREENLIGHT Elite Severe Illness Cover - covers 84 severe illnesses, 15 mild illnesses, 9 early diagnosed illnesses, 29 child severe illnesses. Cover amount ranges from R100 000 to R6 million.

    GREENLIGHT Premium Severe Illness Cover - covers 84 severe illnesses and 9 early diagnosed illnesses (of which 7 are early cancers). Cover amount ranges from R100 000 to R6 million.

    GREENLIGHT Essential Severe Illness Cover - covers 68 severe illnesses and 9 early diagnosed illnesses (of which 7 are early cancers). Cover amount ranges from R100 000 to R6 million.

    GREENLIGHT Physical Impairment Cover - covers once-off lifestyle adjustment costs. Cover amount ranges from R100 000 to R4 million.

  • We designed Old Mutual GREENLIGHT Disability Cover to help you carry on when you’re disabled. We’ll pay you a monthly income or a lump sum of money if you are temporarily or permanently disabled. You can use the tax-free payout to cover lifestyle changes such as making adjustments to your home or car.

    Disability cover options are split into income benefit options and lump sum benefit options.

    Income Benefit options:

    Disability Income Benefit - pays a monthly income for as long as you can’t work, whether temporarily or permanently because of an illness, injury or functional impairment. Minimum cover payout is R6000 per month and the maximum payout cover is R50 000 per month (whole-life cover) R200 000 per month (term cover).

    Sickness Income Benefit - Pays up to 24 monthly income payments when booked off sick. Minimum cover payout is R6000 per month and the maximum cover payout is R250 000 per month.

    Functional Impairment Income Benefit - Pays a monthly income for as long as you’re functionally impaired, whether temporarily or permanently. Minimum cover payout is R3000 per month and the maximum cover payout is R50 000 per month (whole-life cover) R200 000 per month (term cover).

    Temporary Income Benefit - Pays up to 24 monthly income payments when you can’t work because of an illness or injury or are functionally impaired. Minimum cover payout is R6000 per month and the maximum cover payout is R50 000 per month (whole-life cover) R200 000 per month (term cover).

    Lump Sum Benefit options:

    Extensive Disability Benefit - pays a lump sum when you permanently can’t work because of an irreversible illness, injury or functional impairment. It includes partial pay-outs for less severe impairments and cover for child disabilities. Minimum cover payout is R100 000 per month and the maximum is R6 million per month(whole-life cover) or R30 million per month(term cover).

    Comprehensive Disability Benefit - pays a lump sum when you’re permanently occupationally disabled or functionally impaired. Minimum cover payout is R100 000 and the maximum is R6 million (whole-life cover) or R30 million (term cover).

    Functional Impairment Benefit - pays a lump sum when you’re permanently functionally impaired. It includes partial pay-outs for less severe impairments. Minimum cover payout is R100 000 and the maximum is R6 million (whole-life cover) or R30 million (term cover).

    Accidental Disability and/or Death Benefit - pays a lump sum if you become disabled or die because of an accident, crime or violence. Minimum cover payout is R100 000 and the maximum cover is R2 million.

  • GREENLIGHT Future Needs Cover protects you and your family by enabling you to purchase more life cover in future, based on your current (good) health status, without needing to provide new medical information when you buy actual cover. Cover range is from R400 000 to R15 million.

  • Old Mutual's GREENLIGHT Retrenchment Cover is an additional benefit within the GREENLIGHT range. You pay a premium every month and should you face retrenchment you have a "safety net" to fall back on while you look for another job.

    Product benefits:

    • You can protect income of between R3 000 and R30 000
    • You enjoy peace of mind knowing you can still pay for your essential monthly expenses
    • You enjoy six months' breathing space while you look for another job
    • You can take out this cover, up until age 65