Nedbank Funeral Cover

Nedbank is one of South Africa’s largest and most trusted banking giants with millions of customers and some of the most innovative and customer-centric financial products.

Whether you’re interested in switching to a Nedbank account, taking out a low rate personal loan, buying your first home, or securing your family’s financial future with a solid family funeral plan – Nedbank will provide you with just the right products.

Knitted into the fibre of the African continent

As one of the largest financial services providers in Africa, Nedbank has built a solid reputation and continues to strive to achieve its vision of being the most admired financial provider on the continent. To achieve this they work hard to keep their customers, employees, and shareholders happy by sticking to their strategies and continuing to grow, develop, and innovate.

From the addition of new insurance products that help secure people, homes, businesses, and industries to ensure their staff is among the best trained and most satisfied employees in the banking field, they put in the work and it shows. 

Nedbank’s lesser-known services

While most of us know about Nedbank’s range of financial products, their growing range of personal and business insurance products is not quite as well-known.

Insurance plans tailored to you

When it comes to personal insurance, Nedbank has you covered with home, car, credit, and travel insurance plans that are competitively priced and offer many fantastic benefits.

Nedbank offers three fantastic funeral cover options that have been designed to offer a decent level of cover, affordable premiums, flexibility, and additional support with transportation, funeral, and legal arrangements.

Option 1: Simple Funeral cover for one

This option provides you with a funeral cover of either R10,000 for R30,00 per month or R30,000 worth of cover for R50,00 per month. In addition to the payout you also enjoy a premium bonus after 12 months and a no-lapse benefit which guarantees that you’re still covered even when you’re having financial troubles and can’t afford to make the full premium payment.

Option 2: Cover yourself and 6 family members

For R90 per month, you get R30,000 cover for you and up to six family members. You also get a premium bonus if you haven’t claimed for 12 months and the no-lapse benefit if you only make a partial premium payment due to financial difficulties.

Option 3: Cover yourself and 29 family members

This option allows you to cover up to 29 family members for amounts of up to R75,000. While it also offers the no-lapse benefit and the yearly premium bonus, it has two features that are unique to it.

The first is the family support benefit which will provide an R2,500 monthly payout for a period of three, six, nine, or twelve months after your death. There is also the option to allow your family to remain covered under the policy for up to two years after you pass away completely premium-free.

If you’re looking to purchase the third option, the best way to do this is online as you can enjoy a 5% discount. If you’re a Nedbank customer and have your premiums debited from your Nedbank account, you can enjoy a further 5% discount.