There are number of different health-related financial products with medical aid leading the way in covering healthcare costs. Pregnant women who want to access private healthcare services will either need to have medical aid or the financial resources to cover these costs. In recent years, other forms of health cover have emerged with maternity benefits but all of these financial products differ and may have limitations when it comes to pregnancy-related costs.
Is Life Insurance a Replacement for Funeral Cover?
Life insurance and funeral insurance are two different financial products but many South Africans incorrectly believe that one can replace the other. You may have a R500,000 life insurance policy so what is the need for a R100,000 funeral cover payout? The fact is that these different products serve different purposes and one cannot replace the other. Ideally a person should have both life insurance and funeral insurance.
Compare Car Insurance Quotes – What To Look For?
Just as you shopped around to find the best value for money when buying your car, the same due diligence is required when comparing car insurance quotes. With South Africa’s high road traffic accident rate, in addition to the prevalence of vehicle-related crimes like hijackings and car theft, it is unwise to own a car without suitable car insurance cover to protect you against the financial loss in the event of an accident, hijacking or theft.
Funeral Cover with No Waiting Period for Payout on Death
Funeral policies are one of the most popular insurance products in South Africa. These policies provide a cash payout to family members upon the death of a person who is covered. It allows the family of the deceased to pay for the costs of the funeral and any other expenses. As with most insurance policies, funeral cover has several conditions in place to ensure that the financial protection it offers is not abused by consumers.
Medical Aid for Pregnant Mothers with No Cover
You have just discovered that you are pregnant. The exciting news is marred by the fact that you do not have medical aid cover and you do not want to use a public hospital for giving birth. How can you get medical aid cover? What are your options for accessing private hospitals and doctors without medical aid cover?
It is a reality that many pregnant women in South Africa face on a daily basis – discovering that they have fallen pregnant and do not have the medical aid cover to afford the private healthcare services that they desire. If you do not have the cash at hand to pay for private service providers then your are options are limited. You will most likely have to settle for the public healthcare services.