Nedbank’s insurance company has confirmed that it will once again provide free life cover to participants in this year’s Nedbank sani2c mountain bike race, which starts in Underberg in KwaZulu-Natal on May 14.
The company, which came on board as official life insurance sponsor to the event in 2012, will make 360Life policies available to every one of the 4 500 riders across the three-day Race (May 16 to 18), Adventure (May 15 to 18) and Trail (May 14 to 16) components.
According to Nedbank’s insurance executive Lance Blumeris, the policy included R500 000 worth of accidental death and physical impairment cover and would be valid for the month of May.
Blumeris said riders could activate the policy on the official race website and would also have the option to upgrade to R1 million worth of cover at a nominal once-off premium before May 13.
After the event, participants who wished to convert their cover to a standalone long-term policy could do so before the end of June without any underwriting, he said.
“Mountain biking is a very physically demanding and unpredictable sport. In partnering with the world’s largest paired stage race, we hope to give riders peace-of-mind so they can concentrate on enjoying the route,” said Blumeris.
Last year, two Trail riders were tragically killed in a motor vehicle accident as they were returning home to Johannesburg. Blumeris said Nedgroup Life had been able to assist their families by paying out the policies on these riders.
“We may not be able to take away the pain felt by a client’s loved ones but we can help in practical ways by providing cover for everything from death and disability to critical illness and income protection.”
He said the 360Life policy was designed to be flexible and to adapt to a client’s changing needs and circumstances.
According to race organiser Glen Haw, the policy was just another way in which the race and its sponsors provided a holistic experience for riders.
“Anything that’s good for our riders is good for the race. Looking after the total well-being of our participants and ensuring a safe and exciting experience for everyone is what the event is all about.”
Haw said initiatives such as this were a win-win situation for the organisers, sponsors and riders alike.
The 270km event, which is presented by Nedbank Private Wealth, traverses southern KwaZulu-Natal and finishes on Scottburgh’s main beach.