A Life Disrupted.
Meet Aveen Dayaram
In 2022, 50-year-old Aveen Dayaram, a supervisor from Tongaat, KwaZulu-Natal, received devastating news. He was diagnosed with Hodgkin’s lymphoma, a type of cancer that affected the body's germ-fighting immune response.
Aveen was worried about the financial and emotional burden his illness would bring to his family. As the breadwinner, he was concerned about covering their expenses, especially with a daughter still in school and a bond to pay.
A saving grace:
Fortunately, Aveen had signed up for the Old Mutual Illness Insurance a few months before his diagnosis. This insurance covers the financial effects of various diseases, including cancer, stroke, heart attack, and many others.
It provides a payout if you become critically ill which can be used however you like – whether that’s to help cover health-related costs, monthly expenses, or lost income while you focus on getting better.
Aveen said that having illness insurance had been a godsend for his family. It relieved them of financial stress and helped them cover the unexpected costs associated with his recovery. With this weight lifted off his shoulders, Aveen could focus on his treatment and getting better.
He initially thought he wouldn’t be able to afford illness insurance, until after chatting to his financial adviser, who explained to Aveen that having minimal cover is better than having no cover at all.
“Illness insurance is perceived as one of the more expensive risk covers out there, but one can – with the help of a financial adviser like Aveen’s – build cover that is not only affordable but also suitable to your specific needs,” says John Kotze the Head of Retail Protection Product Marketing at Old Mutual.
“In designing our risk products, we deliberately focused on modularity instead of a ‘one size fits all’ approach. As a customer, you can build your cover to suit your specific needs. And as and when your life changes, you can change your product to suit your lifestyle.” Kotze added.
Aveen’s policy had market-leading benefits, such as the top-up benefit. This benefit pays out the full cover amount when diagnosed with a qualifying illness. It ensured that Aveen received a 100% payout instead of a lower percentage.
The comprehensive cover provided by Aveen's policy had given him and his family peace of mind during that challenging time. They could focus on supporting each other without worrying about financially surviving an illness. Aveen's wife, Urmilla, was grateful for the cover. It helped her focus on her family, especially during a year filled with stress and loss. The payout from Old Mutual had made things and recovery easier for them financially.
Old Mutual Illness insurance pays a single tax-free amount from *R100 000 to R6 million if you are diagnosed with a critical illness such as cancer, a heart attack, or a stroke. You will be covered up to 30 days before your first premium is payable.
A saving grace:
Fortunately, Aveen had signed up for the Old Mutual Illness Insurance a few months before his diagnosis. This insurance covers the financial effects of various diseases, including cancer, stroke, heart attack, and many others.
It provides a payout if you become critically ill which can be used however you like – whether that’s to help cover health-related costs, monthly expenses, or lost income while you focus on getting better.
Aveen said that having illness insurance had been a godsend for his family. It relieved them of financial stress and helped them cover the unexpected costs associated with his recovery. With this weight lifted off his shoulders, Aveen could focus on his treatment and getting better.
He initially thought he wouldn’t be able to afford illness insurance, until after chatting to his financial adviser, who explained to Aveen that having minimal cover is better than having no cover at all.
“Illness insurance is perceived as one of the more expensive risk covers out there, but one can – with the help of a financial adviser like Aveen’s – build cover that is not only affordable but also suitable to your specific needs,” says John Kotze the Head of Retail Protection Product Marketing at Old Mutual.
“In designing our risk products, we deliberately focused on modularity instead of a ‘one size fits all’ approach. As a customer, you can build your cover to suit your specific needs. And as and when your life changes, you can change your product to suit your lifestyle.” Kotze added.
Aveen’s policy had market-leading benefits, such as the top-up benefit. This benefit pays out the full cover amount when diagnosed with a qualifying illness. It ensured that Aveen received a 100% payout instead of a lower percentage.
The comprehensive cover provided by Aveen's policy had given him and his family peace of mind during that challenging time. They could focus on supporting each other without worrying about financially surviving an illness. Aveen's wife, Urmilla, was grateful for the cover. It helped her focus on her family, especially during a year filled with stress and loss. The payout from Old Mutual had made things and recovery easier for them financially.
Old Mutual Illness insurance pays a single tax-free amount from *R100 000 to R6 million if you are diagnosed with a critical illness such as cancer, a heart attack, or a stroke. You will be covered up to 30 days before your first premium is payable.
Take control of your future and protect your family by speaking to your financial adviser or visiting www.oldmutual.co.za/illness.
Aveen received a monetary token of appreciation for sharing his story with Old Mutual and this isn't financial advice.
Old Mutual Life Assurance Company (SA) Limited is a licensed FSP and Life Insurer. *Ts & Cs apply.
Take control of your future and protect your family by speaking to your financial adviser or visiting www.oldmutual.co.za/illness.
Aveen received a monetary token of appreciation for sharing his story with Old Mutual and this isn't financial advice.
Old Mutual Life Assurance Company (SA) Limited is a licensed FSP and Life Insurer. *Ts & Cs apply.
Built with Shorthand