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We take what we do seriously
Allowing you to have a little play in your life.
Mutuality is our ethos.
Think insurance is all take and no give? You haven’t met glu.
Being a mutual means that we’re owned by our members (which could soon include you). It’s a simple but wonderful ethos. When we all stick together through thick and thin, everyone’s financial future becomes more secure.
This isn’t just feel-good waffle. Here’s mutuality in action: instead of answering to investors on the stock exchange, our returns are shared among our members. Are you familiar with the concept of ‘Profit-Share’? It means that when glu does well, so do you.
OurProducts
Life Insurance
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Giving you peace of mind, plus a piece of the Profit-Share pie.
Health, family, income, lifestyle; these are all things worth protecting. But unlike other insurance companies, with glu this protection is far from being a grudge purchase. Because taking out a life insurance product with us automatically qualifies you for Profit-Share allocation, which means you share in our returns.
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In insurance terms, this is the biggie. Our Life Cover pays a lump sum on your passing, ensuring your loved ones are taken care of. But we're not stopping there.
With us, your cover can carry on as long as you do. We’ve made the application process as easy as possible and added benefits you won’t need to pay for. And guess what? We're all about sharing the success, so get ready for some Profit-Sharing too!
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Life throws curveballs. We're here to make sure they don’t take you out of the game. Our Critical Illness cover offers a lump-sum payout if you're diagnosed with a serious illness, so you can focus on healing. And hey, financial stress? Not on our watch.
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Surviving an illness is a triumph, but it’s not always the end of the story. If you’re left with a permanent impairment (to your vision or movement, for instance), there will be costs involved in adjusting to your new lifestyle.
That’s what we’re here for. The glu Functional Disability benefit protects you financially against medical conditions that affect your daily life.
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However you feel about your job, it usually delivers at least one important benefit: getting paid. Our Income Protection ensures you're covered if sickness or injury gets in the way of earning a living. Because life's too short for financial stress.
Car & Home Insurance
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When only the very best will do for your hard-earned assets.
Did somebody wave a magic wand and suddenly you had a car, a laptop and a comfy sofa? No, you had to work hard for your possessions. And we work hard at protecting them, with customised insurance products underpinned by our guiding principle of mutuality.
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Your home is vital to your comfort and happiness; so is what’s inside it. Fire, flood, burglary, loss and other setbacks would be a little easier to face if you knew that you had backup. Here at glu, restoring order and getting your life back on track in trying times is our number one priority.
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Once you have a car, it’s hard to imagine going back to life without one. Well luckily you don’t have to, because we’ve designed insurance benefits to manage the disruption that comes with car accidents, theft, damage, lost keys and a variety of other unforeseen cartastrophes.
Investments
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This way to financial security
Good things take time, please hang tight as we circle back with an incredible Investment offering, launching early 2025 – watch this space
Wills & Estate Planning
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If it’s the last thing you do…
Actually, it really shouldn’t be the last thing you do. Wills, trusts and estate planning are things we tend to put off, to the detriment of our loved ones. Protect your assets and ensure your family is taken care of according to your wishes with the help of our dedicated team of experts. They’re here to smooth and simplify the journey for you.
Frequently Asked Questions
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We don’t have shareholders like other insurance companies. Our policyholders are our members/shareholders, and our profits go back to our members.
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We offer Life cover, Critical illness cover, Disability cover and Income protection cover
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Yes, one or more of our benefits can be added on a single policy, in any combination
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You contact your financial adviser. If you don’t have one contact us and we will put you in touch with a Financial Adviser
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Most certainly, all our members qualify for Profit-Share based on the premiums you pay
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A portion of your accumulated Profit-Share is accessible at any point in time, and it is this accessible portion that is paid out on the lapse or cancellation of a policy.
If a glu life insurance policy is cancelled or lapses before the full vesting date, any rights to that policy’s inaccessible Profit-Share will be forfeited.
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At this stage yes, however, there is no additional cost to you in using a Financial Adviser.
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Simply contact us and we will arrange for our distribution support team to contact you
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This is an upfront payment of R100 000 from your Life Cover for funeral and related expenses. It’s normally paid within 48 hours of us receiving the documentation.
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Our Premium on Pause option offers you a 3-month cessation of premiums when they cannot be paid for affordability reasons. Your policy remains active but, during this pause, your claims are not covered.
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Premiums are due by the 1st day of each calendar month, for cover in that calendar month, with the collection day following your selected debit order date
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Yes, you can log into our online portal to access all your policy information
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This can be initiated through our online portal, or you or your loved ones can contact us for assistance.
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No, Profit-Share is not impacted by a claim
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Yes, we are underwritten by PPS, an established and well-funded mutual insurance company operating for over 80 years in South Africa