What is Indie Restart?
Even if you have a comprehensive medical aid and gap cover (and well done if you do), some of the biggest costs associated with becoming disabled aren’t medical in nature. If you become permanently disabled and can’t work as a result, we’ll give you cash for things like equipping your home or vehicle for your disability, or once-off purchases of equipment like wheelchairs, eyepatches, Arrrr!
Other insurers may call it Lump-sum Disability Cover. We call it Indie Restart.
Do I need it?
If you thought becoming disabled was bad, the costs associated with starting over can be even worse. Indie Restart pays you a lump sum to help make up the shortfall, because even the best medical schemes can’t cover all the costs associated with setting up a new life.
How much cover do I need?
Most people choose to have at least R350 000 or 6 months of income (after tax but before other deductions) if that’s higher.
Fortunately, we’ve got your back and we’re here to help work out what cover you need.
What exactly is covered?
We’ve got your back if you become disabled, and any of the following occurs;
Total, permanent and irrecoverable loss of:
- the vision in two eyes
- the use of two hands
- the use of two feet
- the use of one hand and one foot
Or if you're so, so unlucky that you suffer disability to the extent that:
- you are totally, permanently and continuously unable to take care of your body, or take care of your personal interests
- you become totally, permanently and continuously unable to fulfil the occupational demands of your current job at the time of your disability
- or if you're a full-time student when you become disabled, totally, permanently and continuously unable to fulfil the occupational demands of an occupation we may reasonably expect him or her to engage in, taking into account his or her education, training, and experience
Okay, that was depressing. Shall we change the subject for a moment?
How are claims paid?
We’ll pay all claims as fast as possible. How long that’ll take depends on the nature of the claim, as well as how quickly we’re given the claims documentation. Under current taxation laws, you won’t pay any tax on the claim payout.
What about premiums?
Each year, we’ll take into account your details to calculate your premium. If you don’t tell us about any changes, the only thing that’ll change is your age. You don’t have to tell us if your circumstances change (like if you’ve recently been made to walk the aisle), but there’s a chance these changes could lower your premium, so it might be worth giving us the lowdown.
The amount of Indie Restart you’ve chosen will influence your premium. You can lower the amount of cover at any time, which will decrease your premium from that point.
Your premium may also change over time as we make pricing and feature adjustments. Unlike most insurers, if our prices come down over time, or we improve our product, everyone gets the benefit, not just our new clients (we’ve got your back, fam).
Can I skip premiums?
You can skip a premium at any time. If you do, we’ll reduce your cover temporarily until you’ve paid 6 consecutive premiums.
All about that Bounty?
Indie Restart can add tens (and perhaps even hundreds) of thousands to your Bounty.