Comparing different funeral insurance options and providers
There are a couple of things to look out for in a potential provider and when considering cover options. Here are our top picks for you:
- Establish that the policy is unwritten by a registered insurer, for example, we are underwritten by Guardrisk,
- Have a look at the price of the cover, make sure it is clearly linked to a specific benefit amount,
- Know the waiting periods (we offer immediate cover for accidental, 4 month waiting period on natural death for immediate family members, and 6 months for extended family members). Read more about our waiting periods.
- Lastly, and most importantly – don’t get caught up by marketing tricks.
How can I be sure my funeral insurance provider is reputable?
Go to the South African Reserve Bank Prudential Authority Insurers List to make sure that the insurer is registered (we’ve teamed up with a very reputable insurer In Guardrisk Life)
You can also see how all the insurers fare in the annual Ombudsman report – some are clearly better than others.
