Funeral Policies
The passing of a loved one often brings necessary and unforeseen expenses for which most of us are unprepared. Many of us do not keep track of the present costs of a funeral, and even if there is a provision, it may very well fall short.
A funeral needs to be peaceful so that the bereaved family and friends can mourn effectively. Peace does not only come in the form of physical serenity but also as a mental and emotional one.
A loved one who is supposed to take care of the wake may not be financially able to do so. A suitable alternative for this situation is funeral expense insurance. If the premium for the insurance is fully paid, the person will have the means to settle the funeral according to the insurance.
East Rand Funeral Directors no longer administers their own policies. We have handed the administration of our policies into the very capable hands of RISKFIN Funeral Administrators. They can be contacted on 010 021 0470, where Kelebogile and Wilma are waiting to assist you. Wilma’s email address: wilma@riskfin.net, Kelebogile’s email address: kele@riskfin.net.
The following are value for money funeral policies offered by East Rand Funeral Directors
| Insured Amount | R10 000 | R20 000 | R30 000 |
|---|---|---|---|
| Premium per Month | |||
| Single persons under 65 | R90.00 | R120.00 | R140.00 |
| Single persons 65 - 74 | R130.00 | R200.00 | R260.00 |
| Single persons 75 - 84 | R220.00 | R350.00 | R480.00 |
| Families under 65 | R110.00 | R160.00 | R200.00 |
| Families 65 - 74 | R190.00 | R300.00 | R410.00 |
| Families 75 - 84 | R330.00 | R570.00 | R810.00 |
- Premiums include cover for spouse and up to 5 children.
- Maximum age for main member are 84 years.
- Extended family members can be added up to 74 years.
Benefit Allocation
The table below shows the cover per insured (if applicable) as a percentage of the benefit:
| Main Insured | 100% |
|---|---|
| Partner | 100% |
| Children (14 - 21 years) | 100% | Children (6 - 13 years) | 50% | Children (1 - 5 years) | 25% | Children (0 - 11 Months) | 25% | Children stillborn | 25% |
Riskfin Funeral Administrators, a division of Liberty, reserves the right to amend premiums and cover when necessary. 31 days written notice will be given in case of amendments.
Copyright © East Rand Funeral Directors.