Hollard Life Cover

The Hollard Insurance Group is the country’s biggest privately-owned insurance group. Founded in 1980 by Richard Enthoven, the group operates through two primary pillars, namely the Hollard Insurance Company and Hollard Life Assurance Company.

Although their main focus is short-term and life insurance, they also provide a range of investment products to an extensive customer base comprising individuals, as well as commercial and corporate clients.

The company’s business model is founded on the concept of partnership. Currently, they’re involved in more than 100 enterprises across the insurance industry. The focus of each is on enabling individuals to create and secure a more prosperous future for themselves and their dependents.

What is life cover?

Life cover is defined as the lump-sum payout a family receives upon the death of the primary insured, provided the death happens before the end of the benefit term.

Supporting the individual: The Hollard way

The company culture, known as the Hollard way, balances the need to grow with the desire to dream and experiment. Products are designed to create positive change and achieve exceptional growth for every client.

Hollard's winning formula

Hollard's achievement is based on its dedication to people, partnerships, and innovation. They focus on establishing enduring, meaningful partnerships and aiding their insurance partners with the finest skills and practices.

Hollard's entrepreneurial approach empowers their partners to take charge of their destiny within the insurance coverage field while their engagement style strives for a mutually beneficial outcome for customers, partners, and Hollard.

The company has retail, financial services, motor, insurance, and specialist partners who offer customized insurance products for a variety of industries.

Hollard's commitment to diversity

Hollard's commitment to diversity goes beyond mere compliance and is a fundamental philosophy that drives its efforts to transform the country and economy.

With ambitious goals set for 2020, Hollard has identified key areas, including ownership, management control, and skills development, that can create a positive role model organization that better represents South Africa's demographics.

Hollard's current Level 3 B-BBEE contributor status on the Financial Sector Generic Scorecard is evidence of the company's focus on empowerment financing and access to financial services.

Arcadia Campus: the home of Hollard

The campus is situated in Parktown, Johannesburg and is recognized as a landmark property, featuring the beautifully restored Villa Arcadia, a national heritage site.

The campus office design is in harmony with the surrounding gardens and includes the Hollsome Centre, a wellness facility with a fully equipped gym, nurse, doctor, chiropractor, and beauty therapist, providing a balanced work environment.

Additionally, the campus offers several recreational activities, such as an indoor climbing wall, paid pool tables, foosball table, and a large sprung wooden floor for basketball, indoor football, and indoor cricket, showcasing the adventurous spirit of those who use the facilities.

Hollard offers you a comprehensive range of life cover products in four primary categories. All are designed to cater to your unique requirements.

Life cover of up to R1.2 million

This life product is semi-underwritten. It offers life cover of up to R 1.2 million with a 20% cash-back option after 5 years. It doesn’t require any medical examinations.

Other features include a final expense benefit of R30 000 upon the death of the main insured, as well as R 30 000 for your spouse. A final expense benefit of up to R 10 000  for up to 4 children also applies. This product also offers you an added R 360 000 cover if you had undergone an HIV test before taking out cover.

Life Select for comprehensive life cover

Because Hollard believes that life insurance products should be simple to understand, you’re assured of complete transparency about your insurance coverage. Life Select provides you with financial stability when you lose a loved one. Policy benefits include:

• Life cover: You get a minimum cover of R250 000 coupled with additional life-cover benefits. It also includes an Interim Accident Benefit that pays R500 000 for accidental death. The life cover amount is unlimited but dependent on the availability of reinsurance and financial viability.
• Disability cover: You get a lump sum payout should you become disabled and unable to continue working. Partial impairment cover is also included. Qualification age range from 19 to 60 years. You must, however, have been gainfully employed for at least six months before your disability. The only exclusion is self-inflicted injuries.
• Critical illness cover: You’re covered across 16 benefit categories in the case of severe illness, specific conditions, or when you undergo specified medical procedures. Qualification ages range from 19 to 65 and you can add your dependents to the policy. Critical illness payouts start at R 100 000 and up to R 5 million. The premium is guaranteed for 10 years and the benefit applies for the duration of your life.

Hollard’s Specialist Life product

This product has been designed to cater to your unique lifestyle. You get benefits such as cash backs, legal advice (Lawcall), and a range of other products. You also qualify for a monthly assistance benefit payable upon accidental death. No medical examinations or HIV tests are needed to qualify. Funeral cover ranges from R 10 000 to R 75 000 and includes body repatriation services.

My Life & More from Hollard

This plan offers all-in-one life and home-content cover and is designed by conducting a personal financial needs analysis. It doesn’t require underwriting but waiting periods apply.

You and your spouse get life cover of up to R 450 000 and funeral cover of up to R 50 000. Funeral benefits apply to 5 children, 4 parents, and 10 additional family members. The content of your home is covered up to R 50 000.

Hollard makes insurance hassle-free

• there’s no waiting period on policies.
• premiums are guaranteed for a total of 10 years.
• each life insured gets a final expense benefit of R 40 000.
• your policy also has a terminal illness accelerator that pays a 100% benefit prior to the date of death when the beneficiary has been given less than a year to live.
• you also get an interim accident benefit.

Secure a great future. They do this by:

• maintaining above-average sustainable growth.
• taking hands with their clients to establish win-win partnerships.
• respecting the dignity of each client.
• being courageous in their pursuit of better products and systems.
• acting as an agent for positive and long-lasting change.
• striving to be the insurer of choice in every country they operate in.