What is Funeral Policy?
Burial insurance, also known as funeral or final expense insurance, is a type of whole-life insurance policy designed to cover your funeral, burial, and other end-of-life expenses.
Given the high cost of funerals, having a burial insurance policy can help relieve any costs your loved ones face due to your passing.
Cheap Funeral Policies In South Africa
Sanlam. Sanlam’s Funeral Cover is the best-rated funeral insurance in South Africa. Priced from as little as R25 a month, Sanlam’s best value policy offers you and your loved one peace of mind with a funeral cover of up to R40,000. You can also add children under the age of 21 to your family policy for free.
Which funeral policy covers foreigners in South Africa?
Mutual Life is a leading multinational insurance company specializing in funeral insurance, funeral cover, life cover, and health insurance for foreign nationals in South Africa and various African countries.
How much does a funeral cost in South Africa?
In South Africa, the cost of a funeral ranges fromĀ R3,000.00 to R50,000.00. Lower-income people are said to spend between R3,000 and R10,000 on a funeral to cover various costs.
A funeral costs between R12,000.00 and R50,000.00 for the middle class. The super-rich spend millions of rands to bury their loved ones.