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Group Funeral Cover

Group Funeral Cover

The group funeral cover is an insurance plan designed to provide financial support for funeral expenses to the members of LUBANE SACCO.

Members (Primary & Secondary) can voluntary apply for the Group Funeral providing financial assistance in the event of a member's death.

The policy usually offers a predetermined pay-out amount that can be used to cover various funeral expenses, including burial fees, transportation, and other related costs.

To ease the financial burden of unexpected funeral expenses, LUBANE SACCO has established strategic partnerships with Orchard Insurance and Old Mutual.

These collaborations enable us to offer attractive lower premiums, significantly reducing the financial strain on individual families. Moreover, this arrangement fosters a strong sense of community and mutual support among our members, ensuring that we stand together in challenging times.

OPTION 1 OPTION 2

OPTION 1

Principal Member

Eligibility Age:

Entry Age:  18 years and above

Maximum Amount Cover:

PRINCIPAL

SPOUSE

CHILD

E25,000.00

E20,000.00

Child 14 – 21 years – E15,000.00

Child 6 – 13 years – E 6,000.00

Child 2 – 6 years – E6,000.00

Child 1 – 5 years – E3,000.00

Child 0 – 11 years – E1,750.00

Still Birth – E875.00

Monthly Premium:

E200.00 per month (6 months in a year)

Waiting Period:

No waiting period

Cover Option:

  •   Spouse and Children below the age of 21years
  •   Member can cover-up to 6 kids.

Benefits:

  •   E2,000.00 Grocery Voucher (Once-Off)
  •   E240.00 Airtime Voucher (Once-off)
  •   E2,000.00 payment benefit, 6months period.

Claim Documents:

DECEASED

BENEFICIARY

  •   Death Certificate
  •   Notification of Death Letter
  •   Mortuary Letter
  •   Certified Copy of National Identity
  •   Bank Statement
  •   Certified Copy of National Identity
  •   Marriage Certificate
  •   Birth Certificate

Parent Cover Option

Eligibility Age:

Maximum 80 years

Maximum Amount Cover:

E15,000.00

Monthly Premium:

75 – 80 years

65 – 70 years

Below 65 years

E300.00 p.m

E200.00 p.m

E200.00 p.m

Waiting Period:

9 full Months

Claim Documents:

DECEASED

BENEFICIARY

  •   Death Certificate
  •   Notification of Death Letter
  •   Mortuary Letter
  •   Certified Copy of National Identity
  •   Bank Statement
  •   Certified Copy of National Identity
  •   Marriage Certificate
  •   Birth Certificate

OPTION 2

Principal Member

Eligibility Age:

Entry Age: 18years and above

Maximum Amount Cover:

PRINCIPAL

SPOUSE

CHILD

E45,000.00

E30,000.00

Child 14 – 21 years – E30,000.00

Child 6 – 13 years – E15,000.00

Child 2 – 6 years – E7,000.00

Child 1 – 5 years – E7,000.00

Child 0 – 11 years – E7,500.00

Still Birth – E7,5000.00

Monthly Premium:

E200.00 per month

Waiting Period:

No waiting period

Cover Option:

  •   Spouse and Children below the age of 21years
  •   Member can cover-up to 6 kids.

Claim Documents:

DECEASED

BENEFICIARY

  •   Death Certificate
  •   Notification of Death Letter
  •   Mortuary Letter
  •   Certified Copy of National Identity
  •   Bank Statement
  •   Certified Copy of National Identity
  •   Marriage Certificate
  •   Birth Certificate

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