Streamline Level
Term Life Insurance
An opportunity to insure your Bizcash Credit Facility.
Giving you peace of mind ensuring your debt is covered.
The King Price Life Streamline Level Term Life Insurance Policy is in keeping with the wholistic facility and support services approach of Bizcash, designed specifically to give you peace of mind, especially through these trying times, making sure your debt is covered.
Bizcash in collaboration with King Price Life Insurance Limited “King Price Life” and General Risk Administrators SA “GRSA” as a leads provider. King Price Life, a niche life insurer committed to meeting the true modern life protection needs of customers. GRSA is a specialist Underwriting Agent and Insurance Administrator.
This is insurance which has a level sum insured, i.e. one where the sum insured does not reduce over the period of the policy. The policy term is up to 6 years. It is ideal for securing debt and provides for amounts in excess of what is owing in terms of your Bizcash debt to be paid to your estate.
Having the security of the Insurance Policy is important. It allows you to rest easy knowing your debt will be taken care of when you are unable to look after it. Peace of mind comes from knowing your loved ones are protected.
Unfortunately, no, the Streamline Level Term Life Insurance is only applicable for approved Bizcash clients as an Add-On benefit to your approved facility.
You can apply during your registration. Should you choose not to, you can also apply through your Bizcash profile once your facility has been approved and activated.
Yes. The King Price Life Streamline Level Term Life Insurance Policy is available to all directors / members and key individuals. From a review of your business, you should be able to determine who should seek to apply for the cover and gain peace of mind.
Your Streamline Level Term Life Insurance Policy can provide a sum insured up to a maximum of R1,000,000.
Bizcash in collaboration with King Price Life Insurance Limited “King Price Life” and General Risk Administrators SA “GRSA” as a leads provider. King Price Life, a niche life insurer committed to meeting the true modern life protection needs of customers and authorised FSP. GRSA is a specialist Underwriting Agent and authorised FSP.
The remaining funds, after settling the current Bizcash obligation, will be paid to your estate.
You need to determine whether this product suits your needs, be between the age of 18 and 60 and reside permanently in South Africa.
You most certainly can. The policy has up to a 6-year term. The sum insured does not reduce. It is designed to extend beyond most short-term loan periods. The cover continues irrespective of the fact that your Bizcash facility may have been repaid.
Bizcash will issue you with a insurance policy document which will contain all pertinent information including the Claims Procedure with all the relevant contact details to process your claim.
We operate as a leads provider on this policy as it is designed specifically to give you piece of mind knowing your debt is covered.
Having the security of King Price Life Streamline Level Term Life Insurance Policy is important. In the event of death or specified chronic illness your Bizcash facility will, subject to the policy terms and conditions, be settled, and any surplus amount will be paid to your Estate
No medicals up to R1,000,000.
Competitively priced.
Remaining funds after your outstanding debt has been settled will be paid to your estate.
A simple off-the-shelf product.
Can be kept after the facility amount has been paid in full.
Important points to note:
- The King Price Life Streamline Level Term Life Insurance Policy is only applicable for approved Bizcash clients as an Add-On benefit to your approved facility.
- This is life cover and your Bizcash facility exposure will be settled to the sum insured only upon your death or critical illness as defined in the Streamline Level Term Life Insurance Policy as well as any and all exclusions.
- To qualify for this benefit, you must be under the age of 60 and you must be an official resident of South Africa.
- The Streamline Level Term Life Insurance Policy is only a 6-year term policy and cover lapses after 6 years.
- Please refer to the full Streamline 6 Year Level Term Life Insurance Policy Document for a full understanding of what the policy covers, the terms and conditions applicable, what the exclusions are and whether this is a policy suited to your requirements.
- Please obtain independent advice on the tax implications of this product, premiums and cover payments to you and / or your business. King Price Life makes no representations and accepts no liability in this regard.
Policy underwritten by King Price Life Insurance Limited “King Price Life” a licensed insurer in terms of the Insurance Act No. 18 of 2017 and an authorised FSP. Registration no. 1948/029011/06 | FSP no. 47235.
General Risk Administrators SA (Pty) Ltd “GRSA” / “General Risk SA” is an authorised FSP. Registration no. 2005/019825/07 | FSP no. 43257
Alternative Finance Solutions (Pty) Ltd t/a Bizcash is not an insurer, underwriter, binder holder or intermediary in respect of any insurance product, is not party to any insurance policy contract or bound by any terms and conditions applicable to any insurance product and is not liable for any claims under any insurance policy.
We do not dispense financial advice and we do not undertake a needs analysis of your specific financial situation or -requirements. We only provide relevant product information to enable you to make an informed decision. We are therefore also not in a position to customise the product or to consider any exceptions in this regard.
