Vida Term Life Insurance is our latest product innovation in the Ambledown product range, designed to offer our clients more value with less complexity.
This product is positioned to meet the needs of South Africans who may be underinsured, either because they have been priced out of the market by the more expensive whole life policies or overlooked by the traditional life cover providers.
In essence, Vida Term Life is designed to provide affordable protection for a specified term.
Vida Term Life
The word Vida is derived from the Latin term Vita, meaning ‘life ’, and is commonly used in both Spanish and Portuguese with the same meaning.
Vida Benefits
Since Vida Term Life Insurance is designed to provide affordable, temporary financial protection, the key is to highlight its simplicity, cost-effectiveness, and peace of mind.
Competitive premiums for cost-effective protection – Vida Term Life allows policyholders to get life cover at affordable rates.
Data-driven underwriting – Vida Term Life leverages on automatic underwriting technology to provide a fast and efficient underwriting decision and cost of cover.
Comprehensive and custom-tailored cover – Vida Term Life allows the applicant to select the term and sum assured to address their own personal circumstances.
Seamless experience – The Vida Term Life platform will provide the user with a smooth, convenient, and digital experience, which has no hassles and no delays.
Who Should Choose Term Life?
Young families who can not afford the cost of a whole life Insurance policy.
Businesses wishing to cover the risk of the untimely death of key staff members. Historically known as “Key Man Insurance”.
Anyone with financial dependants who wish to have peace of mind that their loved ones will be taken care of.
Persons wishing to take advantage of the cheaper rates for a policy that does not include extra costs to accommodate a surrender/paid value or savings element.
Someone requiring life cover to secure a loan to purchase a home, car, or other forms of financing. Additionally, anyone who has debt and does not wish their family to be burdened with this debt on their passing.
Vida Wellness Benefit VAP:
Holistic Support for Every Stage of Life
The Vida Wellness Benefit VAP is a value-added offering designed to enhance your Vida Term Life cover by supporting your overall wellbeing, not just your financial future. It provides holistic, 24/7 access to a wide range of services that support your mental, emotional, social, and financial health. Powered by Reality Wellness, this VAP offers professional, confidential support to help members process emotions, rebuild resilience, and regain control during difficult moments. The Life Assured and their eligible family members can easily access counselling, financial guidance, and personal development tools. With both virtual and face-to-face support available, including specialised supportive care during times of crisis, the Vida Wellness Benefit ensures continuous, accessible care that helps build healthier individuals and stronger families at every stage of life.
The Wellness Benefit does not constitute insurance cover, and no monetary or insured benefit shall be payable in terms of this benefit. The Vida Wellness benefit is not regulated in terms of the Financial Advisory and Intermediary Services Act (“FAIS Act”) and therefore, you are not afforded the same protections which apply in respect of financial products or services which are regulated in terms of the FAIS Act.
Ready to Protect What Matters Most?
We are looking forward to welcoming you to the Ambledown Family!
Fill in your details and one of our friendly and knowledgeable representatives will be in touch with you to discuss our Term-Life insurance product.
We are ready to assist you with any questions or queries you may have about our product.
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