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Group Scheme Funeral Cover. June 2022


Welcome to our blog. In todays topic, we will be talking about group scheme funeral cover. We will give you all the details about group scheme funeral cover. Kindly stay with us.

About group scheme funeral cover

For group schemes, African Unity Life Limited offers customizable funeral cover solutions. The principle member, as well as their qualified spouse and children, are covered by their basic benefit, which includes a predetermined funeral cover amount.

It is their goal to ensuring that the funeral policies we provide in Africa not only cover the primary member, but also their immediate family.

What is funeral cover?

Funeral insurance exists to lessen a family’s financial burden when a loved one passes away. Their funeral insurance coverage, which is only available in Africa, guarantees a cash payout within 24 to 48 hours of death to cover the costs of a dignified funeral that provides friends and family with the closure they require.

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They cover not just the main member, but also their spouses, children, and extended family. They regard everyone of their policyholders as genuine persons with real responsibilities who must be looked after even if the worst happens.

Their comprehensive insurance coverage cover unintentional deaths as well as death while using public transportation. They think that funeral insurance should cover all eventualities, thus they provide HIV/AIDS counseling, emergency aid, and other services. Their group plan funeral cover is suitable for businesses that want to provide complete coverage to their employees in times of need. A group funeral plan is a cost-effective solution to ensure that your employees’ families are not stressed during their time of need.

One of the great advantages of group funeral insurance is that it also includes emergency medical services, which may be utilized to transport an injured employee to a local hospital. For group funeral insurance, they provide a variety of payment alternatives, all of which are inexpensive and provide the finest coverage for employees. African Unity Life is there to support you at this difficult time.

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When does my cover start?

After you pay your first payment, your membership begins on the first of the month, and coverage begins after the applicable waiting time has passed.

How long will my cover last?

Your funeral policy will stay valid as long as you continue to pay the premiums, and it will cover you for the rest of your life, until you die or stop paying. If you are unable to make regular payments, your insurance will be suspended until you are able to make them again.

According to the Policyholder Protection Rules, all insurers must provide a grace period during which you can make a payment if it was missed on the due date. You have till the sixteenth of the month to make your payment if your debit order was supposed to be debited on the first of the month.

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When you or a family member passes away, your spouse, children, or another family member’s coverage ends. This is contingent on which event occurs first. Your children’s coverage will expire if they pass away or reach the age of 21. This, too, is contingent on which comes first. If your child has a mental or physical disability, is still a student, or is financially dependent on you, their coverage can be extended until they reach the age of 25.

Maintaining your funeral insurance premiums will ensure that their coverage, as well as your own, does not expire before you need to file a claim.

Thank you for reading our todays post on group scheme funeral cover. We hope it was helpful..

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