Funerals in South Africa can be very expensive, and they can have a severe impact on families’ finances for years to come. Although some people spend many thousands of Rands to give loved ones a dignified funeral, our research shows that funerals in South Africa start from an average of R14 000. Even then, this is a huge portion of income for most people.
That’s why having funeral insurance in South Africa is a really good idea. Hollard funeral cover can assist you not just with all the expenses involved in planning a funeral, but also to help provide for your family after you’re gone.
Extra benefits like Monthly Provider, were specially put together by Hollard for the needs of South Africans. cater for people in this country, so it makes sense to take advantage of these extra benefits.
As a South African, here’s what you need to know when buying Hollard’s funeral cover:
1. You can get family cover
Funeral insurance doesn’t just have to cover yourself. With some of our policies, you can also choose family cover for your partner, your children, your parents and even your partner’s parents. So if you’re a close-knit family, you’ll rest assured knowing that everyone you love is covered when they need it.
2. Provide for them after you’re gone
Hollard also gives you the option to buy the Monthly Provider benefit that you can add to your funeral policy. This option can assist your family with their day-to-day expenses, including paying for groceries or your child’s education after you’re gone. This will significantly help a family that loses their main breadwinner, as they can cover certain expenses for 12 months.
3. You get funds quickly
Funerals usually need to be organised very quickly and often must be paid for immediately after a person passes away. In many cases, the deceased person’s estate and bank accounts are frozen so it’s very difficult to get that cash in time to pay for the funeral arrangements. Having funeral cover from Hollard makes sure that your family will be paid a lump sum within 48 hours for a valid claim, provided we’ve received all the documents we need from you. Your family can then use this money to pay the necessary funeral expenses.
4. You can get access to a vehicle
An optional benefit you can apply for is our Vehicle Access Benefit service. Provided through our partnership with Mockingbull, this service allows you to transport equipment for the funeral or even guests attending the event.
When you lose a loved one you want to focus on giving them a dignified funeral and not on the debt that might remain after the funeral.
Get more information on funeral cover or call Hollard directly on 0800 111 169.
Hollard Life Assurance Co. Ltd (Reg No 1993/001405/06) is an authorised Financial Services Provider.
