Funeral Expense Cover
Death is a traumatic event, however making plans ahead of time helps cushion yourself and your loved ones with lump sum payable within 48 hours provided.
Upon the death of a loved one, most people consider a dignified funeral a non-negotiable expense. Because they tend to be very costly and may come at a time when they are not expected, it is often difficult to manage the financial burden of a funeral. This situation is aggravated if the deceased had been a primary provider of income.
Why the Funeral Expense cover?
Our funeral expenses include, among other things, mortuary fees, the cost of a casket, hearse, flowers, funeral programs and, refreshments. We have designed a funeral plan to cover most, if not all, funeral expenses in the event of an unexpected death so as to:
Minimize the financial impact of unexpected death on the surviving members of your family. Ensure the surviving members of your family go through a smooth transition during this difficult period. Provide you with peace of mind, knowing that the funeral expenses will be covered in the event of your death or that of a family member.
The cover allows you to include all members of your nuclear family together with your parents and parents-in-law and provide peace of mind thanks to the Funeral Expense Cover.
- The premiums will be based on age bands [18-23,24-29,30-34,35-39 and so on].
- The premiums will be paid monthly or annually.
- The premium is payable up to the end of the term of the policy or on earlier death.
- Extra premiums will be charged for any additional member.
b] Policy Terms
- The policy term ranges from 5 to 10 years.