Funeral Shield is a long term insurance product underwritten by Trustco Life Ltd. Single policies and family packages are available with optional cover for HIV. The family policy covers a husband, wife and up to 5 dependent children. The policy pays out a funeral benefit of N$20 000 upon the death of the insured or his/her spouse, with a N$40 000 benefit if the death was caused by an accident. Children are covered for N$10 000 or N$20 000 for death resulting from an accident.
WHO IS COVERED?
You, your spouse or partner in a recognised customary union or co-habiting partner (under the age of 65 years) and a maximum of five (5) dependent children under the age of 21 who form part of the household are covered. Dependent children who study full-time at a recognised educational institution and are under the age of 25 may be included. With the Family Funeral option, you can now add an extra family member under the age of 65 who will gain cover of N$ 10 000 upon death of the policy holder and N$ 20 000 if death was caused by an accident.
WHAT AM I INSURED AGAINST?
Payment of the insured amount of the funeral benefit to a nominated beneficiary or your estate to assist with expenses related to your funeral.
HOW IS A CLAIM PROCESSED?
A claim form together with a death certificate and relevant medical documentation has to be submitted within 90 days of your death to your nearest Legal Shield office.
ONCE I HAVE CLAIMED, WHAT HAPPENS NEXT?
The claim will be assessed and the funeral benefit will be paid to the nominated beneficiary or the estate.
WHAT IS THE MONTHLY PREMIUM?
|Individual:||N$44-00 HIV cover excluded|
N$75-00 HIV cover included
|Family:||N$106-00 HIV cover excluded|
N$152-00 HIV cover included
|Extra Cover:||N$167-00 HIV cover excluded|
N$228-00 HIV cover included