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About Standard Bank
Standard Bank Group Limited is a prominent South African financial services and banking conglomerate. By assets, it is Africa’s largest lender. Standard Bank Centre, the company’s corporate headquarters, is located on Simmonds Street in Johannesburg.
The Standard Bank of South Africa, today known as Standard Bank, was founded in 1862 as a South African affiliate of the British foreign bank Standard Bank.
The Standard Bank of British South Africa was founded in London in 1862 by a group of businesspeople led by notable South African politician John Paterson. The Commercial Bank of Port Elizabeth, the Colesberg Bank, the British Kaffrarian Bank, and the Fauresmith Bank all merged with the bank shortly after it opened in 1863 in Port Elizabeth, South Africa.
Standard Bank Funeral Plan
Standard Bank Funeral Products
- The Standard Bank Family Funeral Plan
- The Standard Bank Single Member Funeral Plan
- The Standard Bank Classic Funeral Plan
- The Standard Bank Funeral Plan Lite
Standard Bank Family Funeral Plan
- For R92 per month, you and a partner or spouse, six extended family members, and five children are covered.
- Get up to R10,000 pay-out to your beneficiaries
- Includes an added benefit of R3,000 to cover a tombstone
- Beneficiaries get a R1,200 grocery benefit every month
Standard Bank Single Member Funeral Plan
- The Standard Bank Single Member Funeral Plan is available for R42 per month.
- You can customize the features and coverage level of the Standard Bank Single Member Funeral Plan to meet your specific needs.
- Get up to R50,000 pay-outs
- There is a tombstone benefit between R3,000 and R5,000
- No grocery benefit on this plan
Standard Bank Classic Funeral Plan
- Standard Bank Classic Funeral Plan premiums are R220 per month.
- Choose your benefit level; your premiums will be computed appropriately.
- Pay-out is up to R50,000
- The benefit for the tombstone is R5,000
- R2,000 monthly grocery benefit for twelve months
Standard Bank Funeral Plan Lite
- For just R46 a month you get Standard Bank Funeral Plan Lite cover
- This cover is for you, your spouse or partner, and up to five children
- Up to R7,000 pay-out
- No tombstone benefit available on this plan
- An R800 grocery benefit paid every month for six months to your beneficiaries
Funeral Benefits on All the Standard Bank Funeral Products Include
- Pre and Post counselling and testing for accidental HIV/Aids exposure
- Medical access to a team of medical professionals
- Emergency medical transportation
- Funeral assistance such as discounts at funeral parlours and florists
- Help with funeral arrangements
One of the Standard Bank funeral insurance plans can provide you and your entire family with the greatest funeral coverage tailored to your specific needs.
Standard Bank Funeral Cover
The maximum funeral cover amounts are as follows:
- R100 000 for the main member and spouse
- R20 000 for children 6 years old and younger
- R50 000 for children older than 6 years
- R80 000 for parents and in-laws
- A maximum of R20 000 for the memorial
- A maximum of R20 000 for the catering
- Up to R2 000 for groceries, payable monthly for 6 or 12 months (maximum R24 000)
- Repatriation benefit – Options available: R10 000 & R25 000
- Airtime benefit – Options available: R200, R500, R1 000
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