Save 247
What is the access time for Save247?
24/7 access
What is the age criteria for One life funeral policy?
Main member must be between the ages of 18 and 64 years
If I signup on 17 September and ask you to debit me on the 7th of October when is my commencement date?
1 October
What is feel, felt and found and give an example?
The Feel–Felt–Found method is a three‑step objection‑handling technique:
You validate the concern (“I understand how you feel”),
Normalize it with social proof (“Others felt the same”)
Resolve it by sharing a positive outcome (“They found that…”).
Participating Retailers and Partners for save247 are?
Shoprite
Checkers
Pick n Pay
Dischem
How many people can you cover with One life funeral cover?
With up to R50 000 funeral cover for up to 16 family members
What are the premium options on life cover?
Fixed sum assured
Inflation aligned
What is cold calling?
Cold calling is calling a potential customer who has not contacted before. Sales teams use cold calls to introduce a product or qualify a lead.
What is the difference between features and benefits
Features --- What the product is
Benefits --- What it does for the customer
With one life funeral what is the max Sum Assured
R50 000 (maximum at sales stage)
What is a beneficiary for life insurance
A beneficiary is a person or entity designated to receive the death benefit from a life insurance policy upon the policyholder’s passing.
What is LAER method?
Listen
Acknowledge
Explore
Respond
Explain the 2 different types of packages save 247 offer and what are their premiums?
Save 247 Core - R39
Save 247 Plus - R79
What is the waiting Period for natural death?
6 months and 6 premiums for Natural Death for all members.
Explain dreaded disease?
A dreaded disease is a life-threatening or critical illness that requires long-term treatment and can impose significant health and financial burdens.
Name 5 types of closing techniques?
Assumptive
Summary
Alternative
Urgency close
Direct close
What is a cooling off period and how long is it with save247
A cooling-off period is a legally mandated timeframe during which a consumer can cancel a contract without penalty
There is a 30-day cooling off period
Stillbirth what is the payouts
10% of parent benefit up to max of R5 000
Reasons why your life cover may not pay out
Life insurance claims can be declined for various reasons, including non-disclosure of material information, failure to pay premiums, and undisclosed medical conditions. It is crucial for policyholders to be honest and accurate in their applications to avoid claim denials. Additionally, understanding the policy terms and conditions, including waiting periods and exclusions, can help policyholders prepare for potential claims and ensure their loved ones receive the benefits they are entitled to.
What is CPI and what does it measure?
The Consumer Price Index (CPI) measures monthly changes in prices for a range of consumer products. Changes in the CPI record the rate of inflation