Payflex Protect Lite offers you insurance cover for your outstanding Payflex account balance, in the event of your
death, permanent disability or retrenchment. The premium is R99 per annum which will be charged as a single
once off premium for the year. This means you will be receiving this cover for R8.25 per month over the 12-month
period.
Payflex Protect Plus offers the same cover as Payflex Protect Lite plus an additional lump sum cover of R5 000
payable on your death or permanent disability. The premium is R199 per annum which is charged as a single
premium for the year. This means you will be receiving this cover for R16.58 per month over the 12-month period.
