Shoprite Funeral Cover

Shoprite Holdings is one of Africa’s largest retailers with over 500 stores and millions of loyal customers and they’re showing no signs of slowing down.

They’re also a major contributor to the economy not only through their support of local businesses but also through their employments of more than 140,000 people. In addition to their Shoprite brand, popular divisions of Shoprite Holdings include Checkers, OK Furniture, House & Home, and more.

Through their success, they have maintained a focus on their customers and have invested more than R270 million in South African communities, R485 million in training across the continent, and have proudly diverted more than 8,000 tons of plastic waste.

This was done through a range of initiatives including reducing their electricity consumption, introducing renewable energy sources into their operations, and reducing their upstream and downstream waste. This was done by improving packaging to reduce waste, improving stock management, donating surplus food to be used as livestock feed and for industrial uses.

Giving back to the community

From empowering the youth via their youth skills programs to disaster relief programs, and their food garden initiative, Shoprite is dedicated to ensuring they give back to the communities within which they operate.

One of the primary ways in which they do this is through various garden projects such as the Training And Resources in Early Education (TREE) community centre in Tshikudini village. With the support of Shoprite, they planted a food garden to help feed the over 200 children they care for on a daily basis.

Money Market services and more

To offer their customers even more simplicity and convenience, they’ve continued to improve their Money Market services and add as many services and options as possible. Whether it’s sending and receiving money, paying for groceries on account, or getting insured via their partnership with Outsurance – Shoprite simply offers you more value.

By partnering up with Outsurance, Shoprite now offers you funeral insurance that offers between R10,000 and R50,000 cover for up to 21 family members under a single policy.

Outsurance is one of South Africa’s largest and most trusted insurers and was pioneer of the cashback for staying claim-free concept. To date, they have paid out over R3 billion worth of cash backs to their loyal customers.

Funeral cover offers

In the event that you pass away as a result of natural or accidental causes, or any of the assured lives on the policy, you or your beneficiary will receive a lump sum payout as per the policy schedule to help cover the costs of a funeral. With Shoprite’s funeral policy the first R1,000 is paid out as a R1,000 voucher that can be used at any Shoprite, Checkers, or USave store.

Cover for up to 21 family members

In addition, to cover for yourself as the policyholder, you can cover your spouse, any biological or stepchildren, your parents and the parents of your spouse, as well as extended family members including sisters, brothers, nieces, nephews, cousins, aunts, and uncles.

The 6-month waiting period

After you buy the funeral policy you will have to wait for a 6 month period or until 6 premiums have been paid for death by natural causes to be covered. Cover for accidental death is immediate. This waiting period can be waived if you or any of your family members were covered on another policy with a registered insurer.

Accidental death cover

In addition to your funeral cover, you can also add accidental death cover which will pay out a set sum of money to your beneficences in the event of your accidental death (this is an amount over and above the funeral cover amount).