The Nedbank Gold Funeral Plus Plan is a straightforward and affordable funeral plan. It is estimated that around 23.4 million people or 64% of the population in South Africa have some form of funeral cover in their name or is covered by someone else. Death is inevitable. Despite this cold, hard fact, it still perplexes most people. During this difficult time the last thing that should be troubling you is figuring out how to pay for a funeral. Funerals can be quite costly. Even a basic funeral can cost upwards of R20 000 these days. This is why having adequate funeral cover is essential.
A funeral in South Africa can cost anything from R15 000 to as much as R150 000.
This indicates that there is a need for quality and affordable funeral insurance products.
Nedbank is a financial institution that offers a range of insurance products. In addition to car and home insurance, the bank offers funeral insurance.
The Nedbank Gold Funeral Plus plan is for Nedbank Transactional account holders. It offers a simple funeral plan solution that pays out R5000.
There are no medical tests involved and claims are paid out within 48 hours, as long as the correct documents have been submitted.
When choosing a funeral policy you should make sure that you choose an amount of cover that will suit your needs. The cover should provide enough to take care of various funeral expenses that will arise. With the Nedbank Gold Funeral Plus cover however, there is one beneficiary on the funeral policy. This policy is designed to provide a simple solution with a basic payout.
If you are looking for funeral cover that is more comprehensive, you could consider a more comprehensive funeral plan.