South Africa
Flexible Funeral Plan
Get the flexible plan that meets your needs and fits your lifestyle and pocket.
You decide who you want to cover and for how much. Choose your level of benefits and the amount of cover for you and your family.
You can cover up to 6 children, 8 extended family members and up to 4 parents and an option to choose additional benefits for the main insured and spouse at an additional premium.
Some of the benefits
Automatic cover increase
Ensure that your funeral policy benefits are not reduced by inflation
Personalized premiums
Align the cost of your premiums with your lifestyle and age
Flexible cover
Choose the amount of funeral cover you need or the premium that you want to pay
Personalise your benefits
Choose the benefits that you want with your funeral policy
What’s covered
Funeral Benefit
The maximum cover amounts are as follows:
- R 100 000 for the main member and spouse
- R 20 000 for children 6 years old and younger
- R 50 000 for children older than 6
- R 80 000 for parents and in-law
- R 50 000 for extended family
Optional additional benefits for main member and spouse at an additional premium*
- A maximum of R 20 000 for the memorial benefit
- A maximum of R 20 000 for catering benefit
- Up to R 2 000 for groceries, payable monthly for 6 or 12 months (maximum R 24 000)
Option additional benefits for ALL other lives at an additional premium:
- Repatriation Benefit – Options available: R10 000 , R25 000
- Airtime Benefit - Options available: R200; R500; R1000
Terms and conditions apply. Standard Bank Insurance Brokers (Pty) Ltd (Reg. No. 1978/002640/07) is an authorised financial services provider (FSP 224) and part of the Standard Bank Group.
How it works
If you want to take out the Flexible Funeral Plan, please consider the following:
- The main member and one spouse must be 18 to 65 years old.
- Children are covered from birth to age 20 (24 if they are students). A maximum of six children can be added.
- Parents and parents-in-law must be aged 18 to 85. A maximum of four parents and parents-in-law can be added.
- Extended-family members are covered from birth to age 85. A maximum of eight extended-family members can be added.
- There is no medical underwriting.
- There is an option to waive the waiting period if you are switching from other insurers.
- A waiting period of six months applies to all benefits.
- There is a 12-month waiting period for death benefits in the case of suicide.
- There is a one-month waiting period for benefits in respect of accidental death.
- You can choose up to five beneficiaries.
What it costs
Flexibility means that you choose what you pay! Thus:
- Any additional premium payable per person added will be dependent on cover amount selected and age at time of policy application.
- Any additional premium payable for each additional benefit selected for main insured and spouse will be dependent on level of amount selected, age at policy application and period of benefit payment where applicable.
- There is also an option to add an automatic annual premium and benefit increase at an additional premium.
Standard Bank Insurance Brokers (FSP224) earns a binder fee and a commission on the sale of this policy at a rate that is included in the premium and that includes VAT.
How to claim
Call us on 0860 123 999, or Say Hi on WhatsApp +27645700291 (click here), or Speak to us at your nearest branch if you would like to lodge a claim.
What you'll need:
- Certified copy of death certificate .
- Notification of registration of death.
- Burial order.
- Certified copy of the claimant's ID.
- Proof of relationship (like a marriage or birth certificate).
- Additional documents may be required for unnatural death claims.
Please note:
- Claims must be submitted within 12 months of the insured person's death
- Claimant's need to provide proof of their relationship with the policyholder or insured member
- Claims are processed by the Liberty Group once all information is verified
- Approved claims are paid out within 48 hours from receipt of all documents required for claim approval.
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What’s covered
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How it works
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What it costs
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How to claim
Funeral Benefit
The maximum cover amounts are as follows:
- R 100 000 for the main member and spouse
- R 20 000 for children 6 years old and younger
- R 50 000 for children older than 6
- R 80 000 for parents and in-law
- R 50 000 for extended family
Optional additional benefits for main member and spouse at an additional premium*
- A maximum of R 20 000 for the memorial benefit
- A maximum of R 20 000 for catering benefit
- Up to R 2 000 for groceries, payable monthly for 6 or 12 months (maximum R 24 000)
Option additional benefits for ALL other lives at an additional premium:
- Repatriation Benefit – Options available: R10 000 , R25 000
- Airtime Benefit - Options available: R200; R500; R1000
Terms and conditions apply. Standard Bank Insurance Brokers (Pty) Ltd (Reg. No. 1978/002640/07) is an authorised financial services provider (FSP 224) and part of the Standard Bank Group.
If you want to take out the Flexible Funeral Plan, please consider the following:
- The main member and one spouse must be 18 to 65 years old.
- Children are covered from birth to age 20 (24 if they are students). A maximum of six children can be added.
- Parents and parents-in-law must be aged 18 to 85. A maximum of four parents and parents-in-law can be added.
- Extended-family members are covered from birth to age 85. A maximum of eight extended-family members can be added.
- There is no medical underwriting.
- There is an option to waive the waiting period if you are switching from other insurers.
- A waiting period of six months applies to all benefits.
- There is a 12-month waiting period for death benefits in the case of suicide.
- There is a one-month waiting period for benefits in respect of accidental death.
- You can choose up to five beneficiaries.
Flexibility means that you choose what you pay! Thus:
- Any additional premium payable per person added will be dependent on cover amount selected and age at time of policy application.
- Any additional premium payable for each additional benefit selected for main insured and spouse will be dependent on level of amount selected, age at policy application and period of benefit payment where applicable.
- There is also an option to add an automatic annual premium and benefit increase at an additional premium.
Standard Bank Insurance Brokers (FSP224) earns a binder fee and a commission on the sale of this policy at a rate that is included in the premium and that includes VAT.
Call us on 0860 123 999, or Say Hi on WhatsApp +27645700291 (click here), or Speak to us at your nearest branch if you would like to lodge a claim.
What you'll need:
- Certified copy of death certificate .
- Notification of registration of death.
- Burial order.
- Certified copy of the claimant's ID.
- Proof of relationship (like a marriage or birth certificate).
- Additional documents may be required for unnatural death claims.
Please note:
- Claims must be submitted within 12 months of the insured person's death
- Claimant's need to provide proof of their relationship with the policyholder or insured member
- Claims are processed by the Liberty Group once all information is verified
- Approved claims are paid out within 48 hours from receipt of all documents required for claim approval.
We also offer
Salary Protection
Apply for the amount of cover you need to pay your bills and cover your expenses if you can't work due to illness or injury.
Serious Illness Cover
Apply for the amount of cover you feel would help support you and your family, should you be diagnosed with a serious illness.