With Investec Life – Investec’s long-term insurance business – Investec Private Banking clients now have exclusive access to the appropriate level of cover for themselves and their families, depending on their individual needs. Cover is personalised and customisable through a range of products that includes life, income protection, disability, severe illness, mortgage protection and funeral cover.
‘Reduced complexity and increased levels of personalisation, flexibility and transparency – supported by cutting-edge technology – is what sets Investec Life apart,’ says Michael Goemans, Investec Life CEO. To ensure convenience, clients have the option of selecting and purchasing insurance in the way that they prefer and choosing how they interact with Investec Life – by contacting their Private Banker, through a fully integrated digital platform on Investec Online, or through a team of specialist advisers.
Mortgage Protection Cover, the flagship product, where premiums automatically adjust monthly as clients pay off their Investec home loan, is a first of its kind for South Africa. Goemans highlights that, since launching a year ago, Investec Life has issued cover in excess of R3-billion, demonstrating the demand for customisable insurance offerings. Surpassing this milestone at such an early stage provides insights into a South African insurance market looking for a fresh approach, comprehensive products and personalised service.
‘In a highly competitive market, we’ve challenged the insurance status quo by understanding and meeting the needs of our clients as individuals at various life stages. This is illustrated by our Mortgage Protection Cover – currently the most cost-efficient and innovative product in the market,’ concludes Goemans.
Investec Life Limited is an authorised Financial Services Provider 47702.
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