Group Funeral Insurance is designed to provide immediate financial assistance upon natural oraccidental death of an employee/member, or his nominated dependents. Funeral costs are aheavy burden for most organizations and families, especially if it comes unexpectedly and at atime when the cash-flow is bad. Having a Group Funeral Insurance in place protects membersfrom this financial hardship and avoids the added stress of additional expenses while dealingwith a loss.
Benefits
Group Funeral Insurance pays out a lump sum to assist with funeral costs.
In the event of a claim, payment of the benefit takes place within 24 hours of receipt of all
documentation.As the funeral insurance is arranged as a group, the premiums tend to be more competitive than
the premium for funeral insurance cover arranged by an individual.