What can AUL offer you?
Choosing the right insurance product to suit your needs can be a difficult and time-consuming experience.
You have to weigh out the advantages and disadvantages of each service provider, as well as draw up a monthly budget of what you can afford.
However, there is a solution to this trying process: African Unity Life.
What is African Unity Life (AUL)?
African Unity Life is an insurance provider which offers a variety of affordable insurance products to those who need it most. AUL passionately supports those in the lower and middle income market segments, and strives to provide help to the everyday man and woman.
This company offers a diverse range of products, including funeral cover, health insurance, life insurance, credit life insurance and travel protection. AUL’s products are geared towards those who need help but may not be able to afford the higher premiums of other insurance providers. Their ethos is to provide products which are high quality, diverse and adaptable to their clients’ needs.
Funeral cover
Funeral cover is one of the most important insurances one can have. African Unity Life offers standard cover which offers a predetermined amount of cover for the principal member as well as their spouse. AUL also offers group schemes, perfect for businesses who would like to offer their employees some extra benefits.
The policies on offer include extended family funeral benefits which ensure the security of the main policyholder’s family, and their cover also includes increased cover in the case of accidental death or death whilst commuting via public transport. Some of the other unique benefits that their funeral cover offers are the repatriation of mortal remains, emergency medical assistance and HIV/AIDS counselling.
Health insurance
Having health insurance is vital to anyone who has a family or independents who rely on them. AUL offers health insurance which is ideal for a large workforce, guaranteeing that no employee is unable to seek out the medical attention they require. It is important to note that this is not a medical aid but is a company-specific long-term health insurance product.
The health insurance offered by AUL includes hospital cover, day-to-day benefits and medical costs incurred, as well as a set amount paid for each day you are in hospital as a daily cash-back. Hospitalisation is covered for a number of incidents including serious illnesses, accidental injuries, maternity requirements, hernias, appendectomies and hysterectomies. Your employees will be fully covered in the case of any form of emergency.
Life insurance
AUL offers tailored life insurance solutions for all of its clients: individuals and companies alike. Their life insurance offering includes benefits such as lump-sum payouts should death or disability occur, group life insurance for businesses and solutions specific to different industries
Taking out group life insurance for your employees allows them to save on insurance premiums that they would pay on an individual account. You will be able to find AUL’s life insurance products from a variety of sources such as broker networks, insurance administrators, church networks and underwriting managers. By offering your employees the benefit of life insurance, you are not only helping them live a better life but are also ensuring their loyalty to your company.
Credit life insurance
Credit life insurance is an insurance product which pays your debts in the case of disability, retrenchment or death. It is an important insurance to consider for those who may have outstanding debt that would fall to their spouses or families upon their death, disablement or retrenchment
The principal member of the policy is covered by AUL’s credit life insurance and allows the family members to continue living debt free during this stressful time. Credit life insurance will pay debts from personal loans, spending on credit cards and overdrafts. The policy is owned by the financial institution from which you have taken out the loan and it will be used to cover any debts you may have with the institution.
Travel protection
Travelling is an exciting adventure for anyone, but it is important to ensure that you are protected while travelling. AUL offers travel protection from justGo, a proudly South African company offering travel solutions for budget-conscious travellers.
justGO is underwritten by African Union Life, allowing them to offer justGO’s unique products to their clients. You will be covered for R30 000 for a continuous period of 30 days from the day you depart in case of accidental death. This will cost you as little as R12. All major bus, train and airline franchises are covered, allowing you to feel safe no matter what your mode of transport is. If you are going to be travelling across the country, you should look into this.
Conclusion
If you are looking for life insurance, funeral cover, health insurance or even travel protection, African Unity Life should be at the top of your list. Their insurance products are highly affordable for those who may struggle to pay higher premiums but the quality of their services is not compromised. AUL is the ideal choice for a family starting out who needs health insurance or for employers who would like to offer benefits to their employees.