Bidvest Life

Bidvest Life offers a range of income protection products designed to assist individuals, families, and businesses in managing financial uncertainty due to injury, illness, or disability.

With six different types of income protection cover options, Bidvest Life provides a comprehensive offering to meet a diverse range of needs. The Temporary Income Protection pays up to 100% of the insured income in the event of an injury or illness to cover monthly expenses.

Extended Income Protection offers long-term cover for injuries or illnesses by paying up to 100% of the insured income up until retirement or for life. Critical Illness Income provides peace of mind by paying out 130% of the insured income for up to 12 months if diagnosed with a listed illness.

Life Income pays out a monthly income to beneficiaries, family, or businesses, while Child Protector pays out a monthly income if a child is diagnosed with a listed illness or permanent childhood disability.

Lastly, Holistic Income Protection offers disability cover, critical illness cover, and life cover, providing lump-sum payments or monthly income in case of disability, critical illness, or death.

Not sure which product is right for you? Let Bidvest help

Bidvest Life offers tailored advice based on customers' specific needs and circumstances, so if you're unsure or confused about which coverage is best for you, they can help.

By sharing some basic information about yourself, you can receive expert advice and a personalised quote that helps protect your income, family, and business, providing you with peace of mind.

Performance-driven and decentralised: Bidvest's strategy for success

Founded in 1988, Bidvest Group is a diversified industrial group that has been listed on the Johannesburg Stock Exchange in South Africa. The group comprises over 250 individual businesses and operates in several countries such as Spain, the Republic of Ireland, the UK, and Australia.

The group's core values include entrepreneurship, communication, incentivisation, and decentralised management. Its focus is on creating social value, empowering entrepreneurship, commitment to customers, driven by excellence, and leading by example.

The group aims to achieve strategic growth and scale by maintaining a robust balance sheet, financial discipline, organic growth, and acquisitive growth opportunities.

Bidvest's portfolio operates in two segments; business services and trading and distribution, through its seven divisions.

The group's unwavering ethical foundation, strong balance sheet, and environmental, social, and governance framework with specified targets contribute to its responsible stewardship.

Bidvest Life provides a comprehensive range of income protection products to help individuals, families, and businesses manage financial uncertainty resulting from injury, illness, or disability.

With six different types of income protection cover options, Bidvest Life caters to a diverse range of needs. Temporary Income Protection covers monthly expenses by paying up to 100% of the insured income in case of illness or injury.

Extended Income Protection pays up to 100% of the insured income up until your retirement or for life, covering long-term injuries or illnesses. Critical Illness Income provides peace of mind by paying 130% of the insured income for up to 12 months if diagnosed with a listed illness.

Life Income pays a monthly income to beneficiaries, families, or businesses. Child Protector pays a monthly income if a child is diagnosed with a listed illness or permanent childhood disability. Finally, Holistic Income Protection provides Disability Cover, Critical Illness Cover, and Life Cover, offering lump-sum payments or monthly income in case of disability, critical illness, or death.

Temporary Income Protection from Bidvest Life

Bidvest Life provides Temporary Income Protection as an insurance solution for those unable to work due to illness or injury. This cover offers monthly payouts of up to 100% of the insured income for a maximum of 24 months. The policy is available to a diverse range of professionals, including freelancers, students, homemakers, and business owners.

Policyholders can opt to insure as little as R1,000 of their monthly income, with premiums starting at R100 per month. The policy covers various illnesses and injuries, helping cover expenses and unforeseen expenses. To apply, individuals must choose a waiting period and benefit term, undergo medical underwriting and decide on the amount of after-tax income they wish to protect. The policy comes with a childbirth benefit, and policyholders can add an optional Medical Second Opinion Family Benefit.

Need more comprehensive cover? That's where the Extended Income Protection comes in

Bidvest Life's Extended Income Protection is an insurance product that can be added to your existing Temporary Income Protection, offering more comprehensive cover by paying up to 100% of your income until you retire in the event of a long-term illness or injury, regardless of whether you are permanently disabled. This cover is accessible to a wide range of professions, with premiums beginning at R100 per month. Typical claims include heart and Parkinson’s disease, and cancer. The optional Medical Second Opinion Family Benefit is also available to policyholders.

Add critical illness cover to your temporary income protection

The Critical Illness Cover is an additional product that can be added to Temporary Income Protection. It pays out 130% of the insured monthly income for up to 12 months in case of a listed illness, such as cancer or stroke. The extra payout is intended to help cover additional monthly costs that may come up.