Capitec Funeral Cover

Capitec is one of South Africa’s most loved financial service providers because, unlike their competitors, they keep costs to a minimum and quality service at a maximum.

Simple, affordable, and accessible

This provider strives to deliver their products and services to you in the simplest, easiest way possible and they achieve this by incorporating the latest technology and by keeping innovation a top priority. When it comes to affordability and accessibility, Capitec is ahead of the rest with the lowest rates and widest range of options to access cash when you need it.

Giving back and impacting lives

As part of their CSI initiatives Capitec focuses plenty of resources on their foundation which is dedicated to helping boost financial literacy and numeracy skills in the country. They’re also big on disaster relief and have donated to causes such as the Solidarity Fund and the Gift of the Givers Foundation.

They believe that supporting the country when things are at the worst can help impact the lives of those who need help the most. Another awesome way that Capitec gives back is by allowing all their staff members to take 3 days off per year to do any type of volunteering work within their community.

A comprehensive financial services provider

Capitec offers affordable transactional accounts, various savings solutions, personal loans, credit life insurance, and, tailored funeral plans to South Africans from all walks of life.

A leading Funeral plan

As a primary breadwinner, you know that your family depends on you for their needs. One of the ways that we protect our loved ones financially is by taking out life cover but this product takes a long time to pay out and will leave your family scrambling to arrange for the money for a funeral.

Capitec’s funeral cover is among the fastest-growing plants in the country. Not only are the premiums affordable but in most cases, it offers more benefits than those offered by other providers.

Capitec is one of the leading South African banks – a bank committed to delivering more value at a lower cost and their funeral policy is no exception.

According to a competitor analysis on their website, Capitec’s funeral policy is highly competitive, delivering more benefits (with few exceptions) at a lower cost than a wide range of their competitors.

A unique product designed to give you more

The funeral policy will offer you and your spouse up to R100,000 maximum funeral cover in the event of natural death and this figure doubled in the case of accidental death. This is called the double accidental death benefit.

What is accidental death? If you pass away as a result of any unnatural causes (as will be stated in the death certificate) the death is considered accidental and the double payout will apply. Suicide is excluded from this definition.

Add parents and children to your policy

You may add up to 21 people to your policy. Children between 6 and 13, parents aged 26 to 85, and extended family aged up to 85 are all covered for up to R50,000. Children who are 14 years or older are covered for a maximum of R60,000.

Death premium waiver

If the main policyholder passes away any time after an initial 12 month period from the date of the inception of the funeral policy, all family members will retain coverage for a further 6 month period at no cost.

Newborn premium waiver

After a 12 month period after the inception of your policy, if you have a baby or legally adopt a child, Capitec will waive your premiums for 6 months. You can also choose to pause your plan for a 6 month period if you so wish to. During this time you will not be covered and you will not be required to pay your monthly premiums.

Insurance claims will be paid out as quickly as possible but the person making the claim will be required to provide all the necessary documents including a copy of the death certificate and a BI-1663/BI-1680 or DHA-1663/DHA-1680 form that has been completed. A certified copy of the deceased’s ID and the beneficiary’s banking details will also be required.