Top Funeral Covers in South Africa

Funeral cover may seem like a morbid monthly cost, but it can shield you and your family from financial crisis after losing a loved one. When a loved one dies, worrying about finances, taking out loans and haggling over funeral costs is the last thing you want to do. It is important to note that there are a number of funeral cover products on the market, and a number of dodgy dealers just looking to make a quick buck. Below are some of the most reliable funeral covers available.

Assupol – Assupol provides the Absolute Advantage Family Funeral Plan and the Excellence Family Funeral Plan. Absolute Advantage provides up to R50,000 cover.The Excellence policy provides money for your funeral and the funerals of your dependents.By paying as little as R70 each month,you get maximum benefit cover of up to R50,000.

Standard Bank Funeral Plan – This Funeral Plan is available to anyone under the age of 65. You don’t need to have a medical examination to join.You have an option of choosing a plan that you can afford depending on your needs. Premiums start from as little as R40 per month with benefits up to R50 000 to suit your specific needs. Each family gets up to R10 000 for medical expenses resulting from a traumatic experience.

Liberty Funeral Plan – A Liberty Funeral Plan is aimed specifically at providing you or your family with the funds to pay for a funeral and/or additional costs as they may arise during a difficult time.This funeral plan is divided into Standard,Comprehensive and Parents categories.

FNB Funeral Plan – The FNB Funeral Plan pays out between R10,000 and R100,000 in the event of the death of an insured person with a Double Accidental Death benefit for you and your spouse of up to R400,000 combined.You can add up to 21 family members on the plan and claims are paid out within 48 hours.

Absa Funeral Cover- This cover allows you to choose from cover options ranging from R6 000 up to R50,000 cover (depending on the specific product selected). It covers you, your spouse, children and up to 8 extended family members.There is double pay out on accidental death of the main member and there is the option to select appropriate annual premium and cover increases.