Life is a Gift but Death is a certainty, but when it will happen is uncertain, and death can be expensive.
For this main reasons, we should be financially prepared to pay for a funeral or cremation.
What does the Status funeral cover offer you.
- Firstly is it a funeral cover, it will make a payout to the beneficiary within 72 hours of receiving the death sertificate, and the ID document.
You will have the following Cover
Main Member R10 000
Spouse R10 000
Children Aged 14-20 R10 000
Children Aged 6 - 13 R5 000
Children under 6 Years R2 500
Premiums - Investement
Age Premium
Younger than 65 R69.00 per month
Between 65 and 74 R96.00 per month
Between 75 - 80 R126.00 per month
Rules of the Funeral Scheme
1. Premiums is paid in advance on or before the 1st day of each month.
2. Proof of good Health is required.
3. Members will be issued with a membership Certificate.
4. All members are subjects to a 6 month waiting period prior to policy commencement (Accidental death excluded)
5. Waiting period is waived if you have funeral cover with other insurers at the time of inception.
6. No claims will be honoured if monthly premums are in arrears.
7. Funeral cover as a result of suicide is excluded for a period of (2) years from the date of inception of the policy.
8. Claims will only be considered on production of all relevant documentation i.e. Death certificate, ID document.
9. Claims must be sumbitted within 6 months of death, to be valid.
10. Accidental death - immediate cover after payment of first premium.
The Funeral Plan offers you also a opportunity to market it and to earn a monthly income from it.
