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Nedgroup Life Assurance Company Limited

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Tel: +27 86 026 3543
Fax: +27 86 006 5435
First Floor
2 Ncondo Place
Umhlanga Rocks
PO Box 149175
East End
South Africa
Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North-West, Northern Cape, Northern Province, Western Cape.

Nedgroup Life Assurance (Nedgroup Life), a 100%-owned subsidiary of Nedbank Group, is the life insurance arm of the group. With almost 35 years of immense success as risk experts, Nedgroup Life has assisted clients to manage their exposure to financial risks through numerous service providers, such as BetterBond, Ackermans, Visa, Old Mutual and Nedbank.


We offer solutions that range from debt repayment and credit protection, funeral cover and life cover without underwriting to simple savings and investments.

For more information on our products please speak to a consultant by phoning our call centre on 0860 263 543. This call centre is open Monday - Friday (08h00 - 16h30).

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From The Glossary »


Term (also called temporary) insurance:

This insurance (or policy) can be for a fixed sum insured or for a sum insured that reduces over the term of the contract. It is not really a method of saving (as there is not usually a payout at the end of the term), but a cost-efficient way of providing for dependants on the death of the breadwinner. If the life insured survives the term of the policy, the policy has no further force, and all obligations on insurance company and policyholder alike ...
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