Metropolitan Funeral Cover Benefits
From Just R36 p/m
Metropolitan Funeral Cover Explained
Metropolitan Life was established in the late 1890 in Cape Town. Since starting more than 100 years ago, Metropolitan Life has become one of South-Africa's largest Insurance companies. The company is one on the fourth largest life assurers in terms of market capitalisation and even listed as a JSE Top 100 company. Metropolian Funeral Cover is a straightforward well thought out funeral plan with ample great benefits. With Metropolitan Funeral, you can cover yourself or your entire family.You can select cover from R5000 - R50 000. With Metropolitan Funeral Cover, you will have flexible cover options.
With Metropolitan funeral cover, you the consumer has the option to choose between 5 different levels of funeral insurance.
1. Member Only.
2. Member, Spouse, Children.
3. Parents, Parents-in-Law (Extended Family)
4. Member & Parents (Parent-in-Laws)
5. Member, Spouse, Children, Parents, Parent-in-Laws and up to 9 Extended Members.
As with most affordable funeral cover providers, with Metropolitan funeral cover, your premium is calculated by you age next birthday and cover amount.
In a nutshell: Metropolitan Life provides everything you expect from an insurance company and more. For security, reliability and professionalism become part of the Metropolitan Life family today. With Metropolitan Funeral Cover, you have many options and great benefits. This funeral plan will give you and your family a comprehensive solution to fit your exact needs.
When we lose a loved one, the last thing we certainly want to worry about is finding the funds to arrange a well deserving funeral. With the Metropolitan Group Scheme, you can take the weight of your shoulders and put on Metropolitan's. They will ensure that if all the documentation is received the payout will happen within 48 hours. This means you know your family will be financially stable and in a position to arrange a proper funeral.
This is an extra benefit added to your funeral plan the amount is equal to the amount of cover chosen. This amount is payable if an immediate family member (older than 14 due to legislation) dies as a direct result of an accident. Parents and extended family are not covered with this benefit it's only available to your direct family members insured on the plan.
Metropolitan Funeral Cover - Paid-up benefit
The plan continues without any further premiums. This can happen at: Your retirement. You, your family, your parents and/or parents-in-law and extended family will be eligible for cover. The benefit will be calculated according to the number of continuous premiums paid per member, parents and extended family.
With this benefit, the beneficiary will get a maximum of R15 000. This pay-out can be used to pay for the tombstone. The pay-out date can be arrange at the claim stage. The date can be change a maximum of 3. The claim must be made within 18 months of a successful claim. The tombstone benefit can be taken as a stand-alone benefit.
With this benefit, a lump sum payment up to a maximum sum assured of R15 000. The iNkomo benefit can be taken as a stand-alone benefit.
With this benefit, there will be additional cover on the life of the policy owner and the life partner. Up to a maximum sum assured of R18 000 can be taken for this benefit. This is a whole life benefit. This means that cover continues after the death of the policy owner or after age 65. This benefit is available if the policy includes the Paid-up benefit. Please note: Cover ceases upon the death of the policy owner or life partner or the policy lapses.
With this benefit, up to a maximum of R30 000 will be paid upon accidental death. This benefit is available to the insured policy holder, partner and children. This benefit is available to insured lives older than 13 and younger than 65.
With this benefit, a lump sum payment will be made when the policy owner survives until age 65. The maximum sum assured on this benefit is R50 000. The Survival Benefit cannot be taken as stand-alone.
Your family, your parents and/or parents-in-law and extended family will be eligible for cover. With Metropolitan Funeral Cover, you can rest assured that your family will be taken care of when you die.
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