How to Find the Best Funeral Cover in South Africa

Evelyn Johnson

05.04.2024

If you are planning to buy funeral cover for yourself or a family member, it is imperative to do your research before you sign up for a policy. Here are some things to look for. First of all, ask the salesperson as many questions as possible, and be honest with your answers. Remember that you may end up paying more for the cover than you originally intended to, and it’s also important to check whether the salesperson is paid by commission.

Assupol

Assupol is a leading provider of life insurance and funeral cover in South Africa. They offer a range of products including life insurance, funeral cover and retirement annuity plans. The company has more than a century of experience and is known for providing high-quality service at affordable prices. Their commitment to caring for the community and its employees has not changed since the company was founded.

The cost of funeral cover varies depending on the level of cover that is chosen. Basic cover starts at around R70 per month. However, you should be aware that some policies have a waiting period of up to six months. This is to prevent people with pre-existing medical conditions from taking out a policy at the last minute.

Assupol funeral cover is affordable and comes with a wealth of benefits. It starts at R70 per month and provides financial cover for the policyholder and family up to a maximum of R75,000 (the cost of a buried body is R60,000). The policy also covers children until the age of 21. The best part is that the policy is guaranteed to pay out within 48 hours.

Momentum Life Services

Momentum Life Services understands how difficult it can be to lose a loved one. That’s why the company has implemented policies that cover funeral expenses right away. Their funeral cover is comprehensive and covers everything from tombstones to caterers and groceries. The company also has a great track record of customer satisfaction and employee retention.

Momentum Life Services also offers other financial services. In addition to best funeral cover, the company offers health insurance, investments, savings, personal urgent cash loans, and retirement schemes. They also partner with some of the largest investment houses in South Africa to offer the best products to their clients. They are committed to making the lives of their clients easier, and they do so by offering a wide range of financial products and services.

Funeral costs can be costly in South Africa. A single funeral can cost upwards of R100,000, which adds additional stress to a difficult time. To help make funeral costs more affordable, Momentum Life Services offers funeral plans that cover up to 50 people within a family unit. Premiums are also affordable, and Momentum offers a Multiply rewards program for its customers.

Sanlam

There are many factors to consider when choosing a funeral cover plan. For example, the type of funeral is very important. Burial is more expensive than cremation, which requires a lot of planning. In such cases, you may want to consider a funeral cover plan that includes a reward program. There are many websites on the internet that can provide you with options and quotes from several insurers.

One of the benefits of a Sanlam funeral cover policy is that it pays out within 4 hours of the time of death. Some plans also offer a grocery benefit and a premium holiday. Furthermore, there are no medical exams required for any of these plans. Another benefit of Sanlam’s funeral cover plan is the wealth bonus. This bonus is a way to reward the individual for saving for a funeral. Additionally, this plan offers payment breaks for unemployed and pregnant women.

Sanlam is one of the leading insurance companies in South Africa. The company has a variety of affordable and comprehensive funeral cover plans. Their iCover Family Funeral Plan is targeted at the lower end of the market, while the MyChoice Funeral Plan is targeted at a broader demographic. The iCover Family Funeral Plan requires a minimum premium of R25 per month, but it provides R10,000 in funeral cover. In addition, you can also include extended family members, including grandparents and cousins, as part of the policy.

Old Mutual

Old Mutual funeral cover in South Africa is a flexible way to protect your loved ones in the event of death. This type of insurance provides lump sum payments to the beneficiaries of your policy and allows for flexible cover levels. Established in 1845 in Cape Town, Old Mutual is the country’s first mutual life assurance society. It is dedicated to helping its customers prosper and investing its funds to create positive futures.

This insurance plan can cost as little as R27 a month and offers a maximum cover benefit of R50 000. It can cover the cost of your own funeral and the funeral of your loved ones, or beneficiaries. You can choose from a variety of funeral policies offered by Old Mutual, each offering different benefits. Old Mutual funeral plans can be purchased online and do not require any medical examination.

You can also find funeral cover that covers repatriation of a deceased person’s body or a family member’s expenses. Some policies even allow you to pause your premiums for a predetermined period. The insurer will notify you if the premiums are going to increase, and at what rate. This allows you to budget accordingly.

Capitec

A Capitec funeral plan is a great way to ensure that your loved ones are taken care of when you die. Its benefits are both flexible and comprehensive, and the policyholder has complete control over how they choose to receive their payout. They even provide 24-hour helpline support and can process your loans for blacklisted.

The company offers three types of funeral cover, each with its own unique benefits. The basic package covers the holder and spouse, while the Family Bundle adds up to five additional family members. It also offers coverage up to R100 000 for each person in the family. The Family Bundle offers a variety of discounts, such as R10 000 free coverage for each of the holder’s children. Those who opt for the Family Bundle will also enjoy lifelong coverage and 15% back in eBucks.

Those seeking funeral cover in South Africa should look at the company’s Capitec Funeral Plan. This plan is affordable and underwritten by Centriq Life Insurance Company Limited. It includes coverage for up to 21 dependants, and calculates premium payments based on your individual needs. In addition, customers will benefit from a flexible pause option in case they need to make changes to their insurance policy.

Old Mutual’s Burial Society Support Plan

Funerals are expensive and can put a strain on families. Even the poorest households can end up spending over R20,000 for a funeral. The cost of transport is also a major consideration. Funeral cover can help with these costs. Some insurers will pay out within two days of receiving claim documentation.

Old Mutual’s Burial Society Support Plan offers the highest level of cover for the most affordable price. The plan offers an attractive cashback incentive after five years. Other competitors include Hollard, the largest privately owned insurance group in the country. And a new competitor called Meerkat, underwritten by Old Mutual Alternative Risk Transfer Limited, offers a low-cost contract that replaces several different policies. Meerkat also remains in force upon retirement, so there’s no need to switch policies when the time comes.

Old Mutual has been around for more than 150 years. The company is one of the largest financial service providers in South Africa, and has offices in Johannesburg, Cape Town, and Kenya. It has also expanded to other African countries, including Zimbabwe and Malawi.