Hollard Life Insurance Review

Hollard Life Insurance at a Glance

Hollard Life Insurance at a Glance

  • Various life insurance plans for many needs.
  • Can add a secondary insured (spouse) for an additional premium.
  • Customisable life insurance.

What we like:

After the Hollard life insurance policy has been in effect for five years, it provides a 20% cash-back benefit. Also, medical examinations are not necessary for Hollard life insurance applicants.

Best for:

The Hollard life insurance product is best for South Africans looking for a life insurance product that is customised to suit every budget. If you need a life insurance product that gives you many options to choose from, Hollard life insurance might be worth a try. 

  • Diverse life insurance products.
  • Quotes can be seamlessly acquired online.
  • Cost-saving option of adding a funeral cover to the main life insurance plan.
  • Except for Life Cover's cashback offering, there are no special discounts connected to the products.
Table of Content

Hollard life insurance is a kind of life insurance policy that provides coverage to people from R250,000 to as much as the policyholder desires. After the Hollard life insurance policy has been in effect for some years, the insurance company will activate the cash-back benefit. No medical test is necessary to apply for Hollard life insurance; nevertheless, the aforementioned qualities are just a portion of the things one has to consider before choosing an insurance company. 

In this review, you will learn more about the Hollard life insurance policy, from the qualities that set their life insurance portfolio apart from others to the merits and drawbacks of purchasing a life insurance product with Hollard. With this information, you can determine whether Hollard Life Insurance is best suited for you.

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What Makes Hollard Life Insurance Different?

Hollard Life Insurance distinguishes itself from other insurance providers by offering a range of diverse products, including Life Select, Life Cover, Specialist Life, and My Life & More, which provide varying levels of coverage for critical illness, funeral expenses, and disability protection. Among many insurance providers, Hollard stands out by providing disability coverage of up to R10 million for the primary life insured in case of accident-induced handicaps. The policyholder also has the option to extend coverage to their spouse for medical treatment up to R450,000 by paying an additional premium. Moreover, Hollard’s funeral plan covers the insured’s children, parents, and other relatives in the event of the policyholder’s death.

Hollard Life Coverage Options and Benefits

Hollard Life cover

Hollard Life Cover offers life insurance with a maximum benefit of R1.2 million. Moreover, after five years, Hollard life insurance clients are eligible for a 20% cash-back bonus. Since it covers death, disability, and severe illness, Hollard life insurance is the most comprehensive option. Hollard Life Cover offers disability coverage of up to R10 million and critical illness coverage of up to R5 million.

Hollard Specialist Life

Hollard Specialist Life Insurance plans start at R30,000 and runs up to R150,000 in coverage. The plan also includes a funeral benefit ranging from R10,000 to R60,000. If desired, the funeral cover may be raised to cover expenditures up to R75,000 per person. Hollard Specialist Life Insurance assists with monthly costs for a year. The monthly assistance plan offers coverage ranging from R1,000 to R6,000 per month to assist the policyholder’s family financially in the event of the policyholder’s death.

Hollard My Life & More Plan

Hollard My life & More policyholders have the option of adding on a variety of other insurance options to suit their specific needs. Spouses of My Life & More policyholders may be eligible for coverage of up to R450,000. The principal policyholder and their spouse may receive a funeral benefit of R50,000. 

Immediate and extended family members can benefit from the funeral cover that is provided by this life insurance product. Also, Hollard My life & More plan’s included funeral benefit may cover funeral expenditures for up to four parents, five children, and ten extended relatives. A policyholder may name up to six people to receive benefits if they die. The insured can also choose to have the policy pay out for longer than what was originally planned. The policyholder may prolong the payment period of the life insurance policy to the beneficiaries by up to 84 months.

Life Select

Hollard Life Select is a recommendation-driven life insurance policy that provides complete coverage and benefits that are simple to comprehend and transparent. These benefits include coverage for disability, impairment, and severe illness.

Pricing and Discounts of Hollard Life Insurance Products

Regarding life insurance, Hollard offers a broad selection of options at reasonable prices. Customers may get price information by picking an appropriate life insurance plan and submitting a quote request. Hollard does not currently provide any discounts on its life insurance coverage, but there is a cashback bonus that activates after five years of purchasing Hollard Life Cover.

Where Hollard Life Insurance Can Improve

Hollard may better serve its most devoted customers by offering reductions on life insurance premiums in return for continuing policy purchases or expansions. This will serve as a cost-saving incentive for existing customers to continue purchasing Hollard insurance products.  

How to Request a Quote for Hollard Life Insurance

Obtaining a quote for Hollard life insurance is simple if you follow the steps outlined below:

  • Visit the website and click on the “Get a Quote” tab and provide all your essential details in the form and submit it.

  • You can also inquire by calling 0860 000 011 to get a quote by phone.  

Frequently Asked Questions (FAQ)

Life cover is a life insurance product wherein if the insured person dies before the policy’s benefit term expires, the beneficiary will be paid a lump sum from the life insurance policy.

If you want your loved ones to live as you have dreamed, you can use the life cover policy to ensure that happens. With the life cover, your family can worry less about meeting any financial responsibilities, from monthly food and tuition to mortgage and car payments.

If you cannot work owing to an occupational handicap, your disability cover can provide you with a lump sum payment. It protects against financial ruin in the event of complete or partial disability. If a person fits the criteria for occupational impairment, they are considered completely and permanently unable to engage in their profession. This may happen after any medical procedure or as a side effect of an illness.

The critical illness cover protects you and your children if you or they get a serious illness, develop a certain condition, or follow a specific course of medical treatment. In the case of a confirmed illness, critical illness insurance normally covers sixteen unique types of critical illnesses, including malignancies of the respiratory system, cardiovascular system, neurological system, cerebrovascular system, gastrointestinal system, urinary system, musculoskeletal system, endocrine system, immunological system, paediatrics, and more.

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