MyLife Life Insurance

Hollard MyLife is a tailor-made individual life insurance solution that helps you provide for your family when you no longer can

The MyLife Life Insurance policy has 6 key benefits that secure your finances and guarantee provision if an unexpected life event happens.

Hollard MyLife key benefits

Life Cover benefit

Secure your family’s financial future with the Life Cover benefit which provides lump sum cover for the death of the insured.

Comprehensive Impairment benefit

Be prepared for unexpected life events. Get the support you need to maintain your standard of living. This benefit covers the life insured for specific impairment events, whether total or partial.

Comprehensive Disability benefit

Comprehensive disability benefit is another way to protect your income should an unexpected life event leave you permanently disabled and unable to engage in an occupation, should you suffer an impairment event of a permanent nature.

Comprehensive Severe Illness benefit

If you’re diagnosed with a severe illness, your main priority should be treatment and recovery. The Comprehensive Severe Illness benefit provides financial support by paying out a lump sum, protecting your assets and savings from medical bills! The Comprehensive Severe Illness benefit covers the life insured and his/her children for all major body systems in the event that they should be diagnosed with a specific illness, suffer from a specific condition, or undergo a specific procedure.

Cashback benefit

Lump sum pay-out of 20% of premiums after 5 years.

Premium Waiver benefit

The Premium Waiver benefit is our way of saying, we have your back!

Should you at some point not be able to work due to a disability of a permanent nature, Hollard Namibia will waive the premiums on your policy.

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Do you qualify for cover?

  • The minimum entry age is 18 years.
  • The maximum entry age is 65 years.
  • You should have a valid Namibian ID or Passport.
  • Medical underwriting will be required at the application stage.
  • Working individuals, including students and housewives, qualify for this policy.
     

Standard cover

Life Cover

With a minimum coverage of N$250,000, our Life Cover benefit guarantees a lump sum payment upon the death of the life insured.

Free Family Funeral benefit

Automatically included, this benefit covers the cost of the funeral expenses for up to four children and the spouse—N$ 40,000 for the main life, N$20,000 for the spouse, and N$10,000 per child for 4 children.

Comprehensive Impairment

This benefit provides a lump sum payment for certain permanent impairment occurrences. It offers coverage for both full and partial disability.

Comprehensive Disability

This compensation covers particular permanent impairment occurrences as well as complete and irreversible incapacity to work. Both complete and partial disabilities result in a lump sum.

Comprehensive Severe Illness

For the life-insured and their children, our Comprehensive Severe Illness benefit covers the primary bodily systems in the case of particular diseases, ailments, or operations.

Cashback

After five years, Cashback pays 20% of the total premiums paid throughout the benefit duration.

Premium Waiver

If you become disabled and can't work we'll cover the cost of your insurance premiums, so you won't have to pay anything while you're out of work, until age 65.

Interested in signing up for this amazing life policy?

Before you do, read through the restrictions and requirements to see if you’ll qualify:

  • Medical Underwriting will be required at the application stage.
  • The minimum entry age is 18 years.
  • The maximum entry age is 65 years.
  • You should have a valid Namibian ID or Passport.
  • You should be a Namibian citizen (or have a valid working or permanent residence permit).
  • Working individuals, including students and housewives, qualify for this policy.
     

Exclusions

Before you sign on that dotted line, kindly note:

Family funeral benefit cover for your spouse and children during the first year is only for accidents.

Also, if any of the life-insured commits suicide within two years of the policy commencement date, no claims will be paid under the life benefit.

How do I take out a MyLife Policy?

Speak to your financial advisor to empower yourself and your family’s future.

Alternatively, SMS "MyLife" to 140 444 and reach out to one of the best life insurance companies in Namibia to get affordable life insurance rates!

Contact us

For claims

Call: +264 61 422 300 / +264 61 422 600

Email: lifeclaims2@hollardnam.com

For queries or policy changes

Call: +264 61 422 300 / +264 61 422 600

Email: mylife@hollardnam.com

Our operating hours

Mon - Fri: 08:00 – 16:30