If the insured person passes away during the coverage term and the death is not excluded (see "What isn't covered?" below), the designated beneficiary receives the payout.

If you do not specify any beneficiaries, or they aren't around when you die, we'll pay the money into your estate. 

After settling your debts, your next of kin will receive the remaining funds, as per the instructions in your will. 

Please note that we can ONLY payout to beneficiaries who hold a South African bank account in their own name.