The beneficiaries will be informed on

  • Choosing funeral cover
  • Differentiating between products

How do I choose the right funeral cover?

Before making your decision, you first need to look at your needs and those of your family, both now and in the future, consider how much you will need to pay for the funeral policy and your budget.  The Standard Bank Funeral policy offer additional benefits at no additional cost like discount on doctors’ consultations, airtime benefit, “free grocery benefit” upon death of the main insured and many more. Your funeral plan must suit your lifestyle and needs of your loved ones.

Paying your premiums regularly

It is important to make regular monthly payments on your policy to continue enjoying cover. Not paying your premiums when they are due may result in your policy cancelling which will result in you loosing cover, peace of mind and all the money you have already paid.

What is credit life insurance?

Credit life insurance is a type of insurance which is linked to your debt for example a loan. This type of policy will either settle your loan upon death, permanent disability or being diagnosed with a dread disease or pay limited instalments when you are retrenched or declared temporary disabled. Life happens!! You don’t want your spouse, children or other loved ones to be left with any extra financial burden in addition to the emotional burden they’re already suffering. Standard Bank has a number of plans to choose from depending on the type of credit you have and your needs.

How much is Funeral Insurance Cover

There are a number of plans available to choose from depending on your needs and budget. Cover ranges between R6000.00 and R50 000.00 from as little as R2.50 per day. You also have an option of adding your parents, parents-in-law and other 2 relatives at an additional premium.

I can no longer afford my policy, can I cancel it!

It is tempting to cancel insurance policies when we are under pressure financially. Rather consider restructuring your policy by changing to a cheaper cover until your situation improves instead of cancelling the policy. You just never know the unfortunate event will happen, reason why you always need to be protected   

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