With personal life cover, individuals can pay an amount to an insurer every month with the promise that the insurer will pay out a set amount to family members or a specified individual should an untimely death occur.
For many South Africans, having a life insurance plan is simply out of the question.
Prime Meridian has recognised this need for South Africans to be insured for the worst and has come up with a personal life cover plan which enables underprivileged South Africans to obtain a life insurance plan.
For just R2 a day, individuals can be insured; Prime Meridian will pay up to R270 000 worth of benefits out in life insurance.
While the main perk of life insurance is that it ensures that financially dependent family members are left alone should they lose the main bread winner, there are many other benefits of having a life insurance plan.
Source: Personal Life Cover at a Very Low Price - Covering the Underprivileged
