The cost of Family Protection depends on a variety of factors, like your age, gender and whether you smoke or not. It also depends on your occupation and lifestyle, your medical history and the level of cover you choose.
Generally speaking, Family Protection costs less than most people think. For example, if you are a 35-year-old non-smoking male, you would pay approximately $30/month for cover worth $500,000. If you are a 35-year-old non-smoking female, you would pay approximately $25/month for the same cover. Females have a lower mortality risk.
Premiums can usually be paid monthly, quarterly, half yearly or yearly to suit your budget. At Hejaz we let you choose the types and amounts of cover you want, and you only pay for what you are covered for.
Does low-cost Family Protection provide quality cover?
Our ongoing goal is to keep costs down while delivering premium Hayat Protection products for your peace of mind.
When you’re shopping around for Family Protection, what are the most important criteria on your shopping list? If you’re like most, then cost and quality are up there. By cost, we mean the price of premiums; and by quality, we mean the features of the product, ease of making claims, and how likely you are to get paid at claim time.
Some people believe that cost and quality are directly correlated – that is, if one goes up, the other goes up too. Hejaz proves otherwise. Here’s how we keep our premiums low, and our service high.
How can I reduce the cost of Family Protection?
You can reduce the cost of Family Protection by making sure you are fit, a healthy weight, and a non-smoker. And perhaps exclude risky activities like hang-gliding and quad-bike riding from your cover. Access our Hayat Protection calculator to find out how much cover you may need.
It is important that you have the right level of cover for your needs and we don’t advise economising by reducing your cover unless your circumstances allow. If your financial obligations have decreased, for example your mortgage is paid off and your children are financially independent, then decreasing your cover is a way of reducing your premiums.