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Funeral Cover Definitions


Funeral Cover

Funeral Cover is a sure way to ensure that your family is taken care of if something where to happen to you. If you die as a result of an accident, or illness, your family will receive cash to arrange your deserving funeral. With most South African funeral insurance providers, your family will receive money within 48 hours of a claim, if all the requested documents were handed in. Funeral insurance was designed to take the burden of your family in a time of need.

Funeral Cover Finder

Funeral Cover Finder is a portal to bridge the gap between South African funeral cover providers and the general public. We represent some of the biggest names in the industry, and we will do our best to help you find the best cover in South-Africa.

Funeral Plan

A funeral plan often refers to a family funeral plan, or a plan with more than just one person. A Funeral plan can usually consist of a main member, spouse, children, parents and extended family. Some providers offer better funeral plans than others. It’s a good idea to research the benefits of every provider before you make your decision. Most South African funeral plans are affordable and will cover a wide range of family members.

Funeral Insurance

Funeral insurance simply means that, you insure your life much like you would insure your assets. Insurance companies guarantee compensation for specified damage, loss, illness, or death in return for payment… Finding comprehensive funeral insurance is really easy, there are many trusted providers in South-Africa.

Funeral Policy

The word funeral policy often refers to the actual documents. When you apply for funeral cover, you will receive a welcome pack that includes your physical policy. When you receive your policy wording, be sure to read through all the terms and conditions. It’s important to know your funeral policy back to front. It’s also important to make sure that a family member is aware of your funeral policy. At the time of your death, you need your beneficiary to make the claim on behalf of your family.

Group Funeral Scheme

Group funeral schemes can also be referred to as employee funeral schemes. A group funeral scheme means that you add many different people onto one policy. A group funeral plan is most effective if you have 50 or more employees in your company. It’s usually at a reduced rate, and the premium is worked out using the average age of the insured lives. With group funeral schemes, you have one policy for all the insured members.

Burial Society

Burial society often refers to a group of people, usually a church, community or other group of people that create a funeral society. With a burial society, there will usually be a board appointed by the members, to ensure the success of the society.

Funeral Parlour Products & Services

We offer products and services that are aimed specifically at funeral parlours. If you currently own or want to start a funeral parlour, we can assist you with your venture. We can potentially offer you a reduced rate on your current funeral policies. We can arrange advice and tips to improve your current funeral parlour products and services. For more information click here.

Beneficiary

Your beneficiary is a trusted family member you appoint to handle the cash payout of your funeral policy. When you apply for your funeral plan, you need to appoint a person you can trust. You need to provide the persons ID number and full names. When you pass away, your beneficiary can handle your claim and funeral.

Extended Family

Extended family refers to your indirect family members. When you sign up for a funeral plan, your direct family will include your spouse, children, parents, parent in laws. Your extended family members can include your nephews, nieces, cousins, aunts, uncles etc.

Children

With a funeral plan, your children will be considered children up to the age of 21. If your child is a full time student, he/she will be considered a child up to the age of 25. Please note that proof may be requested, this is to ensure that your child is fully dependent on you.

Benefits

In the funeral insurance industry, benefits can refer to services over and above the standard payout. For example, some providers offer additional services like, transportation of the deceased, use of cooling facilities, groceries benefits etc. It’s a good idea to familiarise yourself with all the benefits the providers offer.

Funeral Cover Providers

We represent some of South-Africa’s most trusted providers. Some of our providers we represent include, AVBOB, Metropolitan Life and Discovery Life. Most of the funeral insurance providers in South Africa provide affordable, reliable protection.


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