Last Updated on November 27, 2023 by Elidge Staff
Peace of Mind for Your Family: Nedbank Funeral Plans
Have you heard about Nedbank Funeral Plans. Losing a loved one is never easy, and the last thing you want to worry about during such a difficult time is the financial burden of a funeral. That’s where Nedbank Funeral Plans come in. With affordable premiums and a range of options to choose from, Nedbank can help you provide your family with the support they need when they need it most.
What do Nedbank Funeral Plans offer?
Firstly, Nedbank Funeral Plans require no medical underwriting, meaning that you can get coverage regardless of your health status. They also offer cover ranging from N$5,000 to N$30,000, with monthly premiums starting as low as N$19.50.
There are three different types of funeral plans to choose from:
Individual Funeral Plan:
This plan covers you as an individual, with a choice of cover ranging from N$5,000 to N$30,000, and corresponding monthly premiums.
| Monthly premium | Cover |
|---|---|
| N$19.50 | N$5,000.00 |
| N$39.00 | N$10,000.00 |
| N$58.50 | N$15,000.00 |
| N$78.00 | N$20,000.00 |
| N$117.00 | N$30,000.00 |
Family Funeral Plan:
This plan covers you, your spouse, and up to nine children, with a choice of cover ranging from N$5,000 to N$30,000, and corresponding monthly premiums.
| Monthly premium | Cover |
|---|---|
| N$26.00 | N$5,000.00 |
| N$52.00 | N$10,000.00 |
| N$78.00 | N$15,000.00 |
| N$104.00 | N$20,000.00 |
| N$156.00 | N$30,000.00 |
Parents Funeral Plan:
This plan covers your parents or parents-in-law, with a choice of cover ranging from N$5,000 to N$30,000, and corresponding monthly premiums based on the age of the parent.
| Monthly premium if parent is 64 years or older (Max: 74 years of age) | Monthly premium if parent is younger than 64 years of age | Cover |
|---|---|---|
| N$63.50 each | N$27.50 each | N$5,000.00 |
| N$127.00 each | N$55.00 each | N$10,000.00 |
| N$190.50 each | N$82.50 each | N$15,000.00 |
| N$254.00 each | N$110.00 each | N$20,000.00 |
| N$381.00 each | N$165.00 each | N$30,000.00 |
In addition to these plans, Nedbank also offers group schemes for companies and close corporations.
How quickly can Nedbank Funeral Plans payout?
Nedbank Funeral Plans payout within 48 hours of receiving all the necessary documentation, which includes the death certificate and claim form.
FAQs about Nedbank Funeral Plans
- Can I get coverage even if I have pre-existing health conditions? Yes, Nedbank Funeral Plans require no medical underwriting, meaning that you can get coverage regardless of your health status.
- What is the maximum cover amount available? The maximum cover amount available is N$30,000.
- Can I choose the level of cover I want? Yes, you can choose the level of cover you want based on the available options and corresponding monthly premiums.
- How much are the monthly premiums? Monthly premiums start as low as N$19.50.
- How many people can be covered under the Family Funeral Plan? The Family Funeral Plan covers you, your spouse, and up to nine children.
- Can I cover my parents or parents-in-law? Yes, you can cover your parents or parents-in-law under the Parents Funeral Plan.
- Is there an age limit for coverage? Yes, the Parents Funeral Plan has a maximum age limit of 74 years.
- How quickly can I get coverage? Coverage can be obtained immediately upon signing up for a Nedbank Funeral Plan.
- Can I cancel my plan at any time? Yes, you can cancel your plan at any time.
- How do I sign up for a Nedbank Funeral Plan? You can visit your nearest Nedbank Branch or contact Nedbank directly on 061 295 2222 for more information and to sign up for a plan.
Death is an inevitable part of life, and it’s essential to plan for it in advance to avoid leaving your loved ones with a financial burden. This is where Nedbank Funeral Plans come in. Nedbank Funeral Plans are designed to help individuals and families plan and pay for funerals without breaking the bank.
Nedbank Funeral Plans have no medical underwriting, which means you don’t have to worry about being denied coverage due to your health status.
Payout within 48 hours
One of the benefits of Nedbank Funeral Plans is that the payout is made within 48 hours of the claim being submitted. This means that your family will have access to the funds they need to pay for the funeral expenses without delay.
Group Schemes
Nedbank Funeral Plans also offer group schemes to all companies and close corporations. This means that employers can offer this benefit to their employees, providing them with peace of mind knowing that they have funeral cover in place.
Death is a reality we cannot escape, but we can plan for it. With Nedbank Funeral Plans, you can secure your future and ensure that your loved ones are not left with a financial burden when you pass away. Their affordable premiums, no medical underwriting, and quick payout make them an excellent option for individuals and families. Contact Nedbank today on 061 295 2222 or visit your nearest branch for more information.
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