Updated 22 August 2014

Why take out life insurance from OUTsurance?

OUTsurance has revolutionised life insurance by giving you all your premiums back, in cash, after fifteen years – if you don’t claim.


Yes – ALL your premiums back after fifteen claim-free years. And when you pass away, OUTsurance will pay out ten percent of your cover within forty eight hours, to help your family pay for your funeral, for example.

Get affordable life insurance you can trust. At OUTsurance, you really do always get something out.

The Life Insurance OUTbonus from OUTsurance

Yes, if you’re an OUTsurance life insurance client and you chose the Life OUTbonus option, you can look forward to receiving all your paid life insurance premiums back in cash, simply because you remained claim free for a period of 15 years!

Refer a friend and get even more OUT

If the Life OUTbonus option has been activated on your facility, it will be credited with R500 for every successful referral (we just need a total of R500 in paid premiums from the new client.

What happens if I submit a claim during this initial 15-year period?

Although you will forfeit your OUTbonus cash payout, you can be sure that we’ll do whatever it takes to make sure your claim is settled as quickly and efficiently as possible.  

Will my life insurance cover end once I receive my cash OUTbonus?

No. Your life insurance cover will continue as always.

I’ve taken out life insurance with OUTsurance long before the new 15-year OUTbonus was launched, can I assume that my schedule will be updated automatically with the new payout amount?

No. When in doubt, please refer to your schedule to see when your next OUTbonus will be due and also to check the final payout amount. Only one OUTbonus payout structure can be selected at any time: if you want to switch to the 15-year OUTbonus, please click here and we’ll be happy to assist.

Do you still wonder why life insurance is important?

Did you know that of the more than 400 working South Africans who die every day, most have either insufficient or no life insurance. This can leave their families in dire financial difficulty. But with OUTsurance’s understandable and affordable life insurance, your loved ones will be taken care of financially, should anything happen to you.

What more can you ask from life insurance? Give us a call today and speak to one of our professional life insurance advisors about the right cover for you and your family, or click here to find out more.

For Ts and Cs, please visit OUTsurance You’ll automatically get a Life OUTbonus after 15 claim-free years and the average cost of 30% is included in your premium.

Premiums are guaranteed for 12 months and increase by only 6% per year.  OUTsurance is an authorised financial services provider.


Read Health24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Live healthier

Exercise benefits for seniors »

Working out in the concrete jungle Even a little exercise may help prevent dementia Here’s an unexpected way to boost your memory: running

Seniors who exercise recover more quickly from injury or illness

When sedentary older adults got into an exercise routine, it curbed their risk of suffering a disabling injury or illness and helped them recover if anything did happen to them.