AFTERLIFE INSURER

Cashback Funeral Cover

When you take out AFTERLIFE INSURER Cashback Funeral Cover, you get rewarded in CASH for every five, consecutive, claim-free years. That means you get the peace of mind of trusted funeral cover PLUS cash in your pocket every five years, which you can spend on anything you want.

COVER AMOUNTS

Insured person

amount to be paid

Main insured person and spouse

up to R50 000

Parents and extended family members

up to R30 000

Children (depending on their age)

up to R30 000

ADDITIONAL BENEFITS

Accident benefit for the main insured person
Should the main insured person pass away due to an accident, like a car accident, or an unnatural cause, like drowning, before the 60th birthday and within 90 days after the accident, we will double the insured amount to a maximum of R20,000 without applying a waiting period (not suicide).

Spouse benefit
You can cover your spouse under the policy

Children’s benefit
Add your own, step- or legally adopted children and only pay one premium, no matter how many children you cover under the benefit

Parent benefit
You can cover up to four parents

Extended family benefit
You can add up to six other family members on the policy, like brothers, sisters, grandparents, foster children, grandchildren, in-laws, uncles, aunts, nephews, nieces, cousins and even an additional spouse and their children and parents

Survivor benefit

AFTERLIFE INSURER will pay the chosen amount, on your death or the death of your spouse, in six equal monthly instalments – starting from the first of the month following the date on which the claim was accepted

Breadwinner benefit
(only applicable where the premium payer and main insured life is the same person).
If you are the main insured and the premium payer, when you pass away, your spouse, children and parents will keep their cover without further premium payments. If the policy is older than 10 years when you die, your extended family will also stay covered

ADDITIONAL FEATURES

No waiting period for accidental death cover
If the policy has started and the first premium has been paid, you can claim for death due to an accident

Special bonuses
From time to time, AFTERLIFE INSURER might declare special non-guaranteed bonuses. These could increase the value of your cover even more

Easy payment options
You can pay your policy premium in cash at an AFTERLIFE INSURER branch, by bank debit order, by stop order or at your local PEP, Shoprite, Pick n Pay, Boxer, Checkers, or Usave stores

WAITING PERIODS

The six-month waiting period

  • applies to all benefits for all insured persons
  • applies to any insured person who dies from natural causes
  • starts on the issue date of the policy

 

The six-month waiting period may be waived in part or in full if you can prove that

  • you took out funeral cover with another insurer
  • policy lapsed or was cancelled within 31 days before the issue date of your new AFTERLIFE INSURER policy

 

The waiting period will be waived in part or in full based on the following calculation:

  • the difference between the six-month waiting period that applies to all AFTERLIFE INSURER policies and the waiting period already served with the previous insurer
  • if your new AFTERLIFE INSURER policy provides the same, or a less, funeral cover for the same insured persons on your previous policy