Practical money guides for South Africans
Plain guides to medical aid, gap cover, funeral cover, life cover, car, home and cellphone insurance in South Africa.
In short: Funeral cover pays a smaller amount quickly, usually within days, to pay for a funeral. Life cover pays a much larger amount to replace your income and settle debts for the people who depend on you. By law, a funeral policy’s benefit is capped at R100,000 per person insured with each insurer (escalating … Read more
In short: Building insurance (also called homeowner’s insurance) covers the structure of your home: walls, roof, fixed fittings, geysers and permanent outbuildings. Contents insurance (household insurance) covers what you would take with you if you moved: furniture, appliances, clothes and electronics. Owners usually need both. Renters only need contents cover, because the landlord insures the … Read more
In short: Your car insurance excess is the part of a claim you pay yourself before the insurer pays the rest. Most policies have a basic excess, and many add extra excesses, for example for young or newly licensed drivers, for claims in the first months of the policy, or for theft and windscreen claims. … Read more
In short: Credit life insurance pays off or pays your loan if you die, become disabled or lose your job. A lender can require you to have it, but by law you may use your own policy instead of the lender’s, as long as it gives at least the minimum benefits. The National Credit Regulations … Read more
In short: Several medical schemes have announced 2027 contribution increases. Discovery Health Medical Scheme reports a weighted average of 8.2%, Bonitas an average of 8.7%, Momentum Medical Scheme an annual average of 7.9%, Medshield a weighted average of 7.9%, and KeyHealth an overall weighted average of 8.5%. Your own increase depends on the option and … Read more
How to cancel FNB funeral cover online, on the app, or by phone. Includes cooling-off period rules, what happens to your premiums, and alternatives to consider.
Quick facts: Capitec offers device insurance through its banking app. Cover includes accidental damage, theft, and loss for smartphones and tablets. Premiums start from around R49 per month depending on the device value. Table of Contents What Is Capitec Cellphone Insurance? What Is Covered? How Much Does It Cost? How to Apply How to Claim … Read more
In short: PEP stores sell funeral cover through Pepkor’s insurance partner Abacus (plans appear on PEP’s Abacus page). Published options include Individual, Family and Single Parent Family cover for policyholders aged 18–64, with death benefits shown from about R15 000 to R35 000 on selected plan tiers and premiums from about R60 to R150 per … Read more
In short: Ingwe is Momentum Medical Scheme’s entry-level option. Momentum advertises it from R645 a month, with the actual contribution set by your income and family size and by the hospital network you pick. It gives hospital cover with no overall annual limit, unlimited network GP visits (pre-authorisation from the 11th visit), chronic cover for … Read more
Nedbank MyCover Funeral Plan: Complete Guide for 2025 Protect your family with affordable funeral insurance from one of South Africa’s biggest banks Last updated: September 2025 Quick Facts Cover from R20 per month for up to R100,000 protection No medical tests required – anyone can apply 75% of claims paid in under 30 minutes Cover … Read more