What does assupol funeral cover offer?

What does assupol funeral cover offer?

Guaranteed insurance for you and your family, without paying any premiums for up to 6 months if you get retrenched from your job. This benefit pays out on the death of a life insured and can be spent in any combination on instantGroceries®, electricity, transport and airtime.

Can I get funeral cover for my parents?

You can choose to insure only yourself or you can get family funeral cover to insure an additional 13 family members on your funeral policy. This includes your spouse and up to eight children. You can also take out funeral cover for your parents and also your parents-in-law on the same policy.

How many funeral covers can one have?

While there is no limit to the number of funeral policies you can have, and nothing in the Long-Term Insurance Act that deals with “over-insurance”, there are insurers who won’t insure any one person for more than a set amount and there are those that will pay only a certain number of polices on a particular person’s …

What is the age limit for assupol funeral cover?

This benefit provides cover for children and grandchildren under age 21 who are in the care of pensioners. With this benefit our members have the option to add up to eight children.

Does assupol funeral cover for over 80?

The choice to not pay more premiums after you turn 65 and all policy benefits remain for all lives insured. There is a level or increasing paid-up option. This benefit pays out on the death of a life insured and can be spent in any combination on instantGroceries®, electricity, transport and airtime.

How do I claim assupol funeral cover?

Claims

1. Option 1: submit your claim online, or.
2. Option 2: download and complete the claim documents, and submit on. Email: [email protected]; or. Fax: 087 233 6300/7300; or. At your nearest Assupol branch. For any claims queries, call us on 0861 235 664.

Can I get life insurance on my parents?

Yes, you can buy life insurance for your parents, or any other consenting adult. In order to purchase a life insurance policy on your parent(s), you’ll need their consent as well as the ability to prove your own insurable interest (meaning you would be financially impacted by their death).

Can I get life insurance on my parents without them knowing?

When you’re getting life insurance, the person whose life will be insured is required to sign the application and give consent. So the answer is no, you can’t get life insurance on someone without telling them, they must consent to it.

Can I have 2 funeral policies?

When you have more than one policy, you pay an admin fee on each policy. You want a funeral policy claim to be paid quickly, so that family members organising the funeral can pay costs such as undertaker fees. When there is more than one policy, you need to deal with multiple insurers which cause delays.

Can you have 2 life covers?

The short answer is yes, you can have multiple policies. But here are the implications you need to know about having multiple policies.

How do I get assupol funeral cover?

1. Contact us.
2. Get in touch: 0861 235 664 or SMS HELP to 41366.
3. Buy Funeral cover: 0860 103 091 or SMS WEB to 32813.
4. Email us: [email protected].

Who is the owner of assupol?

CFI meets the CEO of Assupol Life Bridget Mokwena Halala. In South Africa’s busy life insurance market, that sees at least 52 providers vie for business, Assupol stands out not least because it boasts well over a century’s worth of experience.

How much can assupol cover for a funeral?

To make life easier for you and your loved ones, Assupol offers two funeral policies: With this plan, you have the option to cover one person or a family with up to 5 children. It provides up to R75,000 cover and immediately covers you in the case of any accident. You are covered for natural death after a period of 6 months.

How old do you have to be to have assupol funeral insurance?

Most funeral insurance providers will only allow you to cover extended family up to the age of 76. In most cases, you will also only be able to cover up to 9 extra members. This is not always enough. In your Assupol quote, you can cover an unlimited amount of extended family up to the age of 79.

Do you have to select beneficiary for assupol funeral plan?

When you apply for an Assupol funeral plan, you need to select a beneficiary. This person does not have to be in your actual plan. What I mean by this is you do not have to get cover for this person. You can if you have to but it’s not necessary.

Who is the owner of assupol funeral insurance?

The company is wholly owned by the Assurant Group PLC, which has offices in South Africa, America, UK, Singapore, Australia, New Zealand, and Italy. The Assurant Funeral Group prides itself on its commitment to high-quality funeral cover and is dedicated to meeting the diverse needs of funeral clients across the globe.