Are you looking for the cheapest funeral cover?
We at Insurance.co.za can help you find it. We source a wide range of funeral insurance quotes directly from leading insurance companies and brokers. We’ve navigated the complicated world of insurance to get the best quotes around so you don’t have to spend hours online or on the phone. What’s more, our service is free to the public and there’s no obligation on you to take any of the policies.
Even if you already have life insurance, you might want to consider taking out funeral cover too, as it could take months (or even years) for your life insurance policy to pay out. Before you do though, you might want to find out what to compare when evaluating funeral insurance quotes.
The extent of funeral cover
Extent refers to the value of the funeral policy as well as the number of benefits it includes. As funerals are quite expensive, the policy should pay out a sizeable amount (usually between R5 000 and R50 000). Whatever the amount you choose, it should be sufficient to cover the interment or cremation costs, catering at the reception, a coffin (if needed), transport to the gravesite and mortician and funeral home fees.
That said, most standalone funeral insurance policies (those which have their own policy and are not a benefit of another policy, such as a life insurance policy) cover more than just the costs of the funeral. Some add medical benefits onto the policy too, which pays out for any outstanding medical bills around the time of the death, and a grocery benefit, which provides financial support for the family in the breadwinner’s absence.
The payment period
Funeral insurance exists as a separate policy to life insurance because it pays out quicker than a life insurance policy will. Most will pay out within 48 hours of the death of the insured. When comparing funeral cover quotes, check the payment period and the requirements for claiming. Most insurers only require a copy of the death certificate, but others will request more. The more hoops you have to jump through, the longer it will take to pay out.
Also make sure that the policy doesn’t come with an expiry. Some policies fall away after the insured reaches a certain age, by which time the insured should be able to cover him- or herself.
Accidental death benefits
Also look for accidental death benefits. As an accidental death is not foreseeable, some insurers pay out double the funeral insurance policy amount. This bides the family some time to get their finances in order when the breadwinner is unexpectedly lost.
It’s simple to see why you should use us:
- Indispensable funeral cover for under R100 per month
- Receive payment between R10 000 and R200 000
- Family and individual funeral protection plan from R90 a month
- Begin receiving payment within a 48 hour period
- Get a Cash back bonus
- Benefits include accidental death and disability cover