Having funeral insurance is vital nowadays. With the rising cost of living, the cost of death has also become much higher. The costs that come with arranging a funeral are often quite high and this can be a financial strain to family members who are left behind.
In South Africa, financial institutions such as banks offer a range of funeral insurance products that are designed to meet unique needs.
Nedbank offers a number of funeral plan insurance options, such as the Nedbank Premier Funeral Plan Insurance package.
More about Nedbank Premier Funeral Plan Insurance
This is a comprehensive plan that offers up to R10 000 for funeral cover costs. Through this plan you can get cover for yourself, your spouse or life partner and up to four children. It’s a single plan that covers you and your family.
Beneficiaries get R10 000 to pay for a funeral, plus a monthly cash payment of R1000 to buy groceries.
If you are retrenched or if you become disabled, you can get cover of up to R1000 per month for up to six month for groceries.
Typical funeral costs may include
- Body registrations, body cooling and the preparation of the death certificate.
- Processing of the death certificate at Home Affairs and printing of programmes for the funeral.
- A tent, chairs and tables, along with catering services and a toilet.
- Family cars are provided in addition to the hearse.
With the Nedbank Premier Funeral Plan Insurance package you get enough cover to meet such needs. By paying a set monthly premium you can get access to enough cover which will ensure that you aren’t left with numerous expenses after the funeral.
As a leading financial institution with an extensive history in the South African financial sector, Nedbank is a reliable and trusted institution.