It can happen in life that you are not entirely sure what the future holds for you. When this is the case, you will also be uncertain as to which insurance is the best to buy. Short-term insurance provides an excellent option for people who need cover for only a certain period of time. Temporary needs should be covered with provisional insurance.

A temporary need is exactly what the name says: a need that is momentary in its nature. Examples are mortgage, business obligations or high financial commitments when your children are still young.

Short-term insurance protects you against unexpected occurrences in the same way that permanent insurance does, only it is applicable for a specified period, say nine months, only.

Since short-term insurance apply for only a limited period of time, and is not renewable, it is wise to reassess your short-term insurance needs every year.

Different types of people will find that they need short-term insurance. People between jobs, people laid-off from work, tertiary-graduates and students no longer eligible for their parents' insurance, to name only a few examples.

As with any type of insurance there are some requirements to determine whether you are eligible for short-term insurance. Most short-term health policies are only applicable if you are younger than 65 and if you are healthy and free of all the pre-existing conditions. Under general circumstances it is not available for pregnant women, professional sportsmen, people who work in hazardous environments, if you received medical consultation within the last five years and it is not available if you have been denied health insurance for whatever reason.


Copyright 2007. All rights reserved. All trademarks property of their owners.
Insurance South Africa | Dial Direct | Life Insurance | Medical Insurance