Funeral & life Cover - banner

Funeral and Life cover policies are designed to pay out a lump sum upon the death of the insured, at a time when their family will need the financial assistance most.

A funeral policy affords you peace of mind, knowing that your family will be able to cope with your funeral expenses.
Many reputable funeral insurance providers offer affordable packages that are tailored to each individual’s needs and financial circumstances.
There are many different types of cover. You can cover just yourself, or you can cover you and your spouse and family members. You can also provide cover for aunts, uncles and even friends.

How much does funeral cover cost?

Funeral insurance premiums can differ significantly. The amount you pay is all dependent on the cover amount option you choose, who you choose to cover, and what the benefits of the plans are.

  • Contact a few reputable cover providers and compare premiums with the benefits.
  • Always read the fine print before taking up a funeral or life cover policy.
  • Find out the basics, like when the full cover comes into effect as some policies require a waiting period before you are eligible for the full benefits.
  • Remember that most policies will not pay out if the deceased died whilst in the act of breaking the law.
  • Be sure to nominate the right beneficiaries. For example, if you nominate your child who is under the age of 18, then by law the funeral cover provider will need to pay the insured amount into a trust, which will then be administered by an appointed executor.

Additional Benefits:

Besides the benefit of paying out a lump sum, a comprehensive funeral plan from a reputable provider usually includes other benefits such as:

Payment within 24 hours if all documentation is correct.
A specified amount of airtime when you claim.
A grocery benefit.
Help put you in touch with reputable funeral providers.
Help arrange much needed grief counselling.