Disablement Insurance by 1Life

Accident can strike at any time, and their effects can be devastating. Ensure that you and your loved ones are financially protected with Disablement Insurance from 1life through Budget. This policy will pay out a lump sum should you become disabled due to an illness or physical injury and no longer be unable to continue within your occupational scope.

Be ready for the unexpected with Disablement Insurance through Budget.


Occupation-based disablement insurance includes:

  • a percentage of your cover, from R200 000 to R10million, will be paid out, if you become permanently and totally disabled and cannot perform your normal job or other work for which you are suited
  • you’ll be covered immediately
  • you’re cover level will only decrease 5 years before you retire or turn 65
  • includes a Guaranteed Assurability option, which means that you can increase your cover amount if your lifestyle changes
  • automatically includes Expo-Sure, a confidential HIV testing and treatment programme for accidental exposure to HIV
  • no medical exam will be required, only an HIV test

Event-based disablement insurance includes:

  • a percentage of your cover, from R50 000 to R10million, will be paid out depending on your disability

For example: If you lose sight in one eye, 50% of the cover amount will be paid out. If you lose sight in both eyes, you’ll receive the full cover amount.

  • you’ll be covered immediately
  • you’re cover level will only decrease 5 years before you retire or turn 65
  • includes a Guaranteed Assurability option, which means that you can increase your cover amount if your lifestyle changes
  • automatically includes Expo-Sure, a confidential HIV testing and treatment programme for accidental exposure to HIV
  • no medical exam will be required, only an HIV test

You can also add a Disablement Premium Waiver option to your Disablement Insurance policy, which will continue to pay your pure life and dread disease insurance premiums for up to five years if you become disabled and the full cover amount of your disablement policy is paid out.

It’s important to note that even if the full disablement insurance sum is paid out, it won’t affect your other cover amounts for pure life and disablement insurance.

Term and conditions apply. 

Long term policies underwritten by 1Life, FSP: 24769