Here at Hollard, we focus on insurance so that you can focus on life. Although the cost of a funeral isn’t among anyone’s favourite things to consider, it will be incredibly helpful for your loved ones if you have made some preparations to help them when you’re gone.
Did you know that funeral expenses in South Africa range from R3,000 to R50,000? Our loved ones are the most important people in our lives, and no one wants to leave those dependent on them with hefty funeral fees to take care of in the event of their passing.
Choosing the right funeral cover for you and your family
While there are many insurance companies offering funeral cover in South Africa, we think the way it is positioned is super important. That’s why we aim to be as transparent as possible in our communication so that with us, you know exactly what you’re getting.
That said, there are a few key aspects to consider before committing to a funeral cover provider… even if you think you’re choosing the best funeral cover option in South Africa. Check the following to make sure.
1. Is there a waiting period?
When you sign up, is cover immediate, or do you have to wait until your first premium is paid before you're covered? If there is a waiting period, the insurance is not active, and your family will not be protected in the event of your passing during that time.
2. Understand your premiums
Life happens, so make sure you know how many payments can be missed before your selected insurer cancels your funeral cover. Understanding how your premiums will increase over time is also essential. This can help you determine whether the cover you’re looking at is the most cost-effective choice for you and your family.
3. The finer details
Does your chosen policy, for instance, cover accidental deaths due to engaging in risky sports? If you reside in a different province than your family, will the insurance cover the expense of repatriation?
The more you know, the better. Ask your provider to give you a thorough review of the company's general funeral insurance exclusions, terms, and conditions, even if you have no specific questions about them.
The benefits of funeral cover
If you have life insurance, you may think that this is enough to protect your family’s peace of mind in the event of your passing. However, it’s still important to alleviate the worries that come with planning a funeral and reducing the expenses that can stack up.
Funeral cover enables your family to have money on hand to cover the costs associated with a funeral. The money may be used to pay for immediate funeral costs while the estate is being closed, allowing your family the space to grieve without having to deal with the stress associated with covering funeral costs.
You can also tailor your funeral insurance plan to suit your specific needs.
What does Hollard Funeral Cover offer South Africans?
At Hollard, we provide extremely flexible funeral cover with benefits of up to R75,000. We know family is the most important thing, and that’s why all policies allow cover for additional family members if needed. All insured lives also get cover for burial repatriation, R250 airtime, and telephonic legal assistance.
We provide a variety of benefits that you can also add:
- A memorial benefit worth up to R10,000.
- A monthly provider (or grocery) benefit worth up to R2,500 per month for a year.
- A vehicle access benefit that allows you to use a car for six days to make funeral arrangements.
- A premium holiday that lets you skip a premium every December.
- A money-back benefit that reimburses you 20% of your premiums every five years, and/or a paid-up benefit that lets you stop making premium payments at 65 years of age.
Hollard Funeral’s adaptable, cost-effective funeral cover options will provide your family with financial protection in a way that resonates with you.
Get our online funeral cover now or let us call you back and we can set up a comprehensive funeral policy that meets your needs.
