Disability Insurance

Becoming disabled can create a huge financial burden. Not only are you unable to work and earn a salary, but you’ll incur many additional expenses due to your disability. Disability Insurance can provide for you and your family when you need it most.

Disability Cover

There are several different kinds of Disability Insurance, with different benefit structures, and different definitions of what it means to be “disabled”. The most simple and cost effective kind of cover, which is what Simply offers on Family Cover and Domestic Cover, is also called Physical Impairment cover. It pays out on pre-defined injuries, regardless of whether these impact on your ability to work. For example, if you become paralysed, or blinded, the cover will pay out. You don’t need to be employed to be eligible for cover.

On our Group Cover product we offer a more comprehensive occupational disability cover, which pays out if the insured person is permanently unable to perform their current occupation’s duties, or the duties of another suitable occupation.

The benefit will be paid to you, and you can use the cash to replace your income, settle debts, and cover additional expenses you’re facing because of your disability.

Simply Disability (Family Cover & Domestic Cover)

The amount of cover you select (up to the maximum of R2 million for Family Cover, R400k for Domestic Cover) is paid if the insured person has suffered total, permanent and irreversible disability. This can mean loss of a body part, or the loss of use of a body part.

The benefit only covers very specific injuries or illnesses, it doesn’t cover everything that could affect your ability to work. Here is a list of what benefit is payable under the loss of (or loss of use of) the following:

  • Both hands or both feet (at or above the ankle joint/at or above the wrist): 100% of cover
  • One hand or one foot (at or above the ankle joint/at or above the wrist): 50% of cover
  • One hand and one foot (at or above the ankle joint/at or above the wrist): 100% of cover
  • Both eyes (permanent and irreversible loss of all vision with no light perception in both eyes): 100% of cover
  • Speech (permanent and irreversible loss of ability to speak as a result of injury or disease to vocal cords or brain): 100% of cover
  • 3rd degree burns >40% of body surface: 100% of cover
  • 3rd degree burns 20-40% of body surface: 50% of cover

There is a 6 month deferred period from when this loss occurs before you are eligible for this benefit.

Simply Occupational Disability (Group Cover)

The amount of cover you select (up to the maximum of R2 million for Group Cover) is paid if the insured person is permanently occupationally disabled.

This means they suffer from a bodily injury, illness, disease or surgical operation which results in them being, in our opinion, totally and permanently unable to perform their current occupation’s duties, or the duties of another suitable occupation.

Determining what a suitable alternative occupation will take into account the insured person’s education, previous training, abilities and work experience, and need not be with the existing employer. There is a 6 month deferred period before your employee is eligible for this benefit.