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Is your risk cover ie life,dread disease & disability still valid once you leave the country


Anusha

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Hi.

Busy sorting out future finances b4 we move. Is the life cover benefits still valid to claim in evident of an event while living away from South Africa? 

We also keeping our property as rental, is the bond cover still applicable ? 

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  • 2 months later...

You may need to let your insurer know - I know Discovery has a form that you need to sign to specify you're living elsewhere. Just check things like income protection, chances are they won't pay out if you had a change in job description or if you're unemployed for a while, so in that case you may as well cancel the benefit. 

 

No idea about bond cover though!

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