Flexible Life Plan
Looking for life cover that changes with your needs and budget?
Our Flexible Life Plan makes it easy to get cover and has limited underwriting — with cover available up to R500 000.
- Choose the cover amount that suits your needs
- Adjust your cover as your life changes
- Apply online in minutes
No medical questions for cover up to R300 000.
Need more? Increase to R500 000 with a few health questions.
Why get life cover with us?
Loyalty cashback
Receive 10% of your paid premiums back every 5 years – because consistent cover should be rewarded
Accidental cover boost
In the event of accidental death, your family will get an additional payout on top of your selected life cover amount
Immediate payout
Ensure your family can cover urgent expenses of up to R100 000 with the Immediate Expenses benefit
No medical tests
Get cover for up to R300 000 with no health questions or up to R500 000 with few health questions
What is covered
Choose a suitable cover amount between R50 000 up to R500 000 for yourself and your spouse.
Benefits covered on the Flexible Life Plan, underwritten by Liberty Group Limited:
- Accidental death benefit
Should you pass away because of an accident; your beneficiary will receive your selected life cover payout as well as an additional amount which is equal to your benefit amount (limited to a maximum of an additional R100 000).
- Immediate expenses benefit
A portion of your life cover benefit amount (limited to a maximum of R100 000) will be paid to you within 48 hours (after receipt of your claim documents), intended for any urgent expenses
- Premium waiver benefit
This will pay 6 premiums of the policy if the principal life assured passes away and a spouse is also covered on the policy (policy must be active for 6 months with at least 6 premiums paid)
- Optional cashback benefit
Get 10% of your paid premiums back every 5 years if you choose this benefit at an additional cost
See terms and conditions
Terms and conditions apply. Standard Bank Insurance Brokers (Pty) Ltd (Reg. No. 1978/002640/07) is an authorised financial services provider (FSP 224) and part of the Standard Bank Group.
What it costs
Flexibility means you choose what you pay.
- Pay for your selected level of cover. An additional premium is payable if you include your spouse on this policy
- The premiums for the principal life assured depend on the level of cover selected and your (and your spouse’s) age
- There is also an option to add automatic annual benefit increases and a cashback benefit (at an additional premium)
Standard Bank Insurance Brokers (Pty) Ltd (SBIB) (Reg. No. 1978/002640/07) is an authorised financial services provider (FSP 224) and part of the Standard Bank Group. SBIB) earns a binder fee and commission on the sale of this policy, at a rate that is already included in the premium quoted to you. Underwritten by Liberty Group Limited.
How to get it
Are you an existing Standard Bank customer?
Apply via our Banking App
- Sign into your Standard Bank App
- Tap on the purple explore icon on the top-left corner
- Scroll down until you see Insure what matters
- Tap on Life & Personal and select Flexible Life Plan
- Tap on Apply Now and follow the steps
Alternatively, you can complete a Call Me Back form
Not an existing Standard Bank customer?
- Apply on our Standard Bank Insurance Website
- Complete a Call Me Back form
- Visit your nearest Standard Bank branch
Please note:
No medical examinations are required – only three health related questions need to be answered where the total cover selected is more than R300 000
You and your spouse must be between 18 and 65 years old. You can only add one spouse and your spouse must be available to answer the medical questions in-person.
There is an option to choose up to 5 beneficiaries who will receive the benefit payouts.
How to claim
Call us on 0860 123 999 or visit your nearest branch if you would like to submit a claim.
What you'll need:
- Certified death certificate
- Notification of registration of death (BI1663)
- Certified copy of the ID document for the claimant
- Marriage certificate (upon death of spouse life assured)
- Copy of the ID document for the deceased life assured
- Copy of the ID document for each of the beneficiaries
- Bank statement of the claimant for non-Standard Bank customers.
If any other documentation is required, we will notify the claimant of this prior to making our decision. We will need certified copies of all the required claim documents.
Please note:
- Claims will be paid once all the necessary claims documentation has been received and the claim has been verified.
- Liberty and Standard Bank Insurance Brokers may further verify the medical disclosure information that was provided at policy application stage. If this information is found to be incorrect, the claim may be declined or reduced.
- A 6-month waiting period applies for all benefits. No benefit will be paid out during the waiting period except for accidental death, which can be paid out during the waiting period.
- A 24-month waiting period applies for death due to suicide.
Manage my insurance
Easily manage your life insurance policy on your Banking App and view insured members, beneficiaries, your debit order date, and policy documents.
- Sign into your Standard Bank App
- Tap on the blue add-on icon on the top-left corner
- Search “Insurance” and tap “Add”
- Navigate back to main menu and tap on “Insurance” under the add-on tab
- Select your Flexible Life Cover policy to:
- Download policy documents
- View cover amount, premium and next debit order date
- View policy initiation and renewal date
- View insured members and beneficiaries
- View annual benefit increase
-
What is covered
-
What it costs
-
How to get it
-
How to claim
-
Manage my insurance
Choose a suitable cover amount between R50 000 up to R500 000 for yourself and your spouse.
Benefits covered on the Flexible Life Plan, underwritten by Liberty Group Limited:
- Accidental death benefit
Should you pass away because of an accident; your beneficiary will receive your selected life cover payout as well as an additional amount which is equal to your benefit amount (limited to a maximum of an additional R100 000).
- Immediate expenses benefit
A portion of your life cover benefit amount (limited to a maximum of R100 000) will be paid to you within 48 hours (after receipt of your claim documents), intended for any urgent expenses
- Premium waiver benefit
This will pay 6 premiums of the policy if the principal life assured passes away and a spouse is also covered on the policy (policy must be active for 6 months with at least 6 premiums paid)
- Optional cashback benefit
Get 10% of your paid premiums back every 5 years if you choose this benefit at an additional cost
See terms and conditions
Terms and conditions apply. Standard Bank Insurance Brokers (Pty) Ltd (Reg. No. 1978/002640/07) is an authorised financial services provider (FSP 224) and part of the Standard Bank Group.
Flexibility means you choose what you pay.
- Pay for your selected level of cover. An additional premium is payable if you include your spouse on this policy
- The premiums for the principal life assured depend on the level of cover selected and your (and your spouse’s) age
- There is also an option to add automatic annual benefit increases and a cashback benefit (at an additional premium)
Standard Bank Insurance Brokers (Pty) Ltd (SBIB) (Reg. No. 1978/002640/07) is an authorised financial services provider (FSP 224) and part of the Standard Bank Group. SBIB) earns a binder fee and commission on the sale of this policy, at a rate that is already included in the premium quoted to you. Underwritten by Liberty Group Limited.
Are you an existing Standard Bank customer?
Apply via our Banking App
- Sign into your Standard Bank App
- Tap on the purple explore icon on the top-left corner
- Scroll down until you see Insure what matters
- Tap on Life & Personal and select Flexible Life Plan
- Tap on Apply Now and follow the steps
Alternatively, you can complete a Call Me Back form
Not an existing Standard Bank customer?
- Apply on our Standard Bank Insurance Website
- Complete a Call Me Back form
- Visit your nearest Standard Bank branch
Please note:
No medical examinations are required – only three health related questions need to be answered where the total cover selected is more than R300 000
You and your spouse must be between 18 and 65 years old. You can only add one spouse and your spouse must be available to answer the medical questions in-person.
There is an option to choose up to 5 beneficiaries who will receive the benefit payouts.
Call us on 0860 123 999 or visit your nearest branch if you would like to submit a claim.
What you'll need:
- Certified death certificate
- Notification of registration of death (BI1663)
- Certified copy of the ID document for the claimant
- Marriage certificate (upon death of spouse life assured)
- Copy of the ID document for the deceased life assured
- Copy of the ID document for each of the beneficiaries
- Bank statement of the claimant for non-Standard Bank customers.
If any other documentation is required, we will notify the claimant of this prior to making our decision. We will need certified copies of all the required claim documents.
Please note:
- Claims will be paid once all the necessary claims documentation has been received and the claim has been verified.
- Liberty and Standard Bank Insurance Brokers may further verify the medical disclosure information that was provided at policy application stage. If this information is found to be incorrect, the claim may be declined or reduced.
- A 6-month waiting period applies for all benefits. No benefit will be paid out during the waiting period except for accidental death, which can be paid out during the waiting period.
- A 24-month waiting period applies for death due to suicide.
Easily manage your life insurance policy on your Banking App and view insured members, beneficiaries, your debit order date, and policy documents.
- Sign into your Standard Bank App
- Tap on the blue add-on icon on the top-left corner
- Search “Insurance” and tap “Add”
- Navigate back to main menu and tap on “Insurance” under the add-on tab
- Select your Flexible Life Cover policy to:
- Download policy documents
- View cover amount, premium and next debit order date
- View policy initiation and renewal date
- View insured members and beneficiaries
- View annual benefit increase
Frequently asked questions about our Flexible Life Plan
What is the purpose of life cover?
A life cover policy pays out a lumpsum to your beneficiaries when you die. This payout acts as a financial safety net, ensuring your loved ones remain financially stable.
What can life cover be used for?
Life cover helps your family to:
- Replace lost income so they can maintain their lifestyle
- Cover daily living expenses, such as food, bills, school fees, etc.
- Pay off debt, such as home loans, personal loans, credit, etc.
- Cover funeral and final costs (if there’s no funeral policy)
- Fund future needs, such as education
Life cover allows your family to grieve without financial stress and continue with stability and dignity.
How do I claim life cover?
There are 2 ways to claim:
- Call us on 0860 123 999
- Visit your nearest Standard Bank branch
These are the documents you’ll need to submit a claim:
- Certified death certificate
- Notification of registration of death (BI1663-A)
- Certified copy of the ID document for the claimant
- Marriage certificate (upon death of spouse life assured)
- Copy of the ID document for the deceased life assured
- Copy of the ID document for each of the beneficiaries
- Bank statement of the claimant for non-Standard Bank customers
If any other documentation is required, we will notify the claimant of this prior to making our decision. We will need certified copies of all the required claim documents.
When claiming, please note:
- Claims will be paid once all the necessary documentation has been received and the claim has been verified.
- Liberty and Standard Bank Insurance Brokers may further verify the medical disclosure information that was provided at policy application stage. If this information is found to be incorrect, the claim may be declined or reduced.
- A 6-month waiting period applies for all benefits. No benefit will be paid out during the waiting period except for accidental death, which can be paid out during the waiting period.
- A 24-month waiting period applies for death due to suicide.
Who qualifies for life cover?
Anyone between the ages of 18 to 65 years. You only need to answer 3 health questions. If you answer “Yes” to one of the questions, you might be declined for cover amounts more than R300 000.
Who can claim my life cover?
Your nominated beneficiary receives the life cover payout. You can choose up to 5 beneficiaries when setting up your policy.
If no beneficiary is nominated:
What’s important to know:
If no beneficiary is nominated:
- The payout will go to your spouse (if covered on the policy)
- If no spouse is covered, the benefit is paid to your estate
What’s important to know:
- The person claiming must provide proof that they are entitled to the benefit
- The claim must meet all policy requirements (e.g. premiums up to date)
- Supporting documents, such as a death certificate and ID are required
How do I manage my existing Flexible Life Plan?
- Sign into your Standard Bank App
- Tap on the blue add-on icon on the top-left corner
- Search “Insurance” and tap “Add”
- Navigate back to main menu and click on “Insurance” under add-on tab
- Select your Flexible Life Plan policy to:
- Download policy documents
- Start claims process
- View cover amount, premiums and next debit order date
- View policy initiation and renewal date
- View insured members and beneficiaries
- View annual benefit increase
Learn more about life cover
Importance of life insurance
Life insurance is the most essential type of insurance if you are a breadwinner or have children. The money that is left behind when you pass away can go a significant way to replacing your income for living expenses.
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Why do I need both funeral cover and life cover?
Nobody likes talking about death, much less planning for it, but having the proper financial arrangements in place is essential to ensure that those left behind don’t have to carry the financial burden of someone’s passing while grieving.
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When to get life cover and why
For many of us, a significant part of our daily lives revolves around caring for loved ones who depend on us financially. Whether it's providing for a family, supporting elderly parents or ensuring the wellbeing of a dependant sibling, these responsibilities are real and deeply felt.
Estate Planning
Your guide to life insurance beneficiaries
Life insurance is a cornerstone of financial planning, designed to provide a vital safety net for your loved ones after you're gone. A crucial but often underestimated step in setting up your policy is nominating your beneficiaries, the individuals or entities who will receive the financial payout.
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Life is full of twists and turns, and while we can't predict every eventuality, we can prepare for them. A crucial way to do so is through life insurance (life cover) and related protective covers.
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Think twice before cancelling: Why you should hold onto your life cover
In challenging economic times, reviewing your budget for potential savings is a natural step. While cutting expenses can offer immediate relief, it's crucial to consider the long-term implications of cutting down on insurance, especially when it comes to your life insurance.
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Is your life cover keeping up with your life? When to update your protection
Insurance isn’t something you set up once and forget. As your life changes and your lifestyle evolves, so should your life insurance. Milestones such as marriage, career changes or buying a home can all affect your financial needs and the level of protection your loved ones may rely on in the future.
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Benefits of getting life insurance in your 20s
Life cover might not be first on a 20-something’s list of priorities, but that doesn’t mean it isn’t important to consider when you’re young. Besides the important reasons to get life cover, there are also distinct benefits to getting insured in your 20s, from fewer exclusions and fewer added risk charges to lower premiums in the long run.
We also offer
Flexible Funeral Plan
A funeral isn’t something you plan for emotionally, but it’s something you can plan for financially. Funeral cover helps make sure your family isn’t left scrambling to cover costs when time and clarity are limited.
With our affordable funeral plan, you can put practical support in place ahead of time.
Voted Product of the Year 2025 & 2026 in the 'Funeral Planning' category*
*Product of the year is the largest consumer survey of product innovation worldwide with a presence in 40 countries. This independent survey is run by Kantar in SA and globally.
Personal Accident Plan
Get personal accident cover and give your family the financial security of a lump-sum payout in the event of accidental death or permanent disability.
Wills
A Will represents peace of mind for you and those you care about. The importance of a Will, and the protection it gives your family cannot be overstated. We can help you draft a personalised Will, as well as offer ongoing reviews should your circumstances change. Plus, we can hold your Will in the safe custody of Standard Trust’s vault.
GapAssist: Gap cover
Self-payment gap on your medical aid keeps increasing? We have a solution for you
Legal Expenses Insurance
Choose the cover amount you want for legal matters and get expert legal advice over the phone whenever you or your family need it.
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