Life Insurance Cost

How much does
life insurance really cost?

Premiums vary by age, health and cover amount — see what shapes your price and how to keep it affordable.

FSCA-Authorised Advisers | Whole-of-Market Access

Explore Your Options

Whatever you need to protect, we'll help you compare the right cover.

A one-off tax-free lump-sum payment for your loved ones in the event of your death.

A tax-free lump sum if you are diagnosed with a serious illness like cancer, heart attack or stroke.

Monthly tax-free payments if you are unable to work due to long-term sickness or injury.

Step 1

Younger, healthier applicants typically pay lower monthly premiums.

Step 2

Larger sums assured and longer terms increase your monthly cost.

Step 3

Level, decreasing, and whole-of-life policies are priced differently.

Step 4

Smoking, high-risk occupations and hobbies can raise your premium.

Choose premiums that stay level or ones that may be reviewed over time.

Lock in your rate so it never increases for the length of your policy.

Your adviser can suggest ways to structure cover to fit your budget.

Our advice is free — insurers only pay your adviser once cover is secured.

What's the average cost of life insurance in South Africa?

It varies widely by age, health, and cover amount, so the only accurate way to know your cost is to get a personalised quote.

Does smoking increase my premium?

Yes, smokers typically pay significantly more than non-smokers due to the higher associated health risk.

Can my premium go up later?

This depends on your policy type. Guaranteed premium policies stay fixed, while reviewable premiums can change over time.

Does the cover amount affect cost the most?

It is one of the biggest factors, alongside your age and health, since it directly determines the size of any payout.