Funeral Cover
We pay toward the cost of a funeral in the event of the death of an employee, spouse, child or parent
There is no medical underwriting required, and funeral claims are usually paid within 48 hours.
There is no waiting period on either natural or unnatural causes of death, which ensures family members can focus on making funeral arrangements with the financial support they need.
Three group-scheme benefit options are available
Employee-only Funeral Cover
Employee-and-family Funeral Cover (Employee, spouse and child)
Employee-and-extended family Funeral Cover (Employee, spouse, child and parent)
Contact us to enquire about life insurance policies for your employees. We also offer group retirement savings and other employee benefits to businesses in South Africa.
Key Features
What sets Fedgroup’s Group Funeral Cover apart?
Our Funeral Cover benefit does not contain suicide exclusion.
Fedgroup’s Funeral Cover also includes an optional Burial Repatriation Benefit.
The Policyholder can choose the appropriate level of Funeral Cover in multiples of R1 000 with:
A minimum Employee Funeral Cover of R 5 000.
A maximum Employee Funeral Cover of R 50 000.
The Funeral Cover benefit structure is a scaled benefit structure, with the following parameters
| Insured | Age reached | Percentage of chosen lump-sum benefit | Minimum | Maximum |
|---|---|---|---|---|
| Employee | 18 – 90# | 100% of the benefit | R 5 000 | R 50 000 |
| Spouse | 18 – 90# | Maximum 100% of the employee’s benefit | R 5 000 | R 50 000 |
| Parent & Parents-in-law | 18 – Unlimited* | Maximum 100% of the employee’s benefit | R 5 000 | R 50 000 |
| Child 1 | 15 – 24^ | Maximum 100% of the employee’s benefit | R 5 000 | R 50 000 |
| Child 2 | 6 – 14 | Maximum 50% of the employee’s benefit | R 2 500 | R 25 000 |
| Child 3 | 0 – 5 | Maximum 25% of the employee’s benefit | R 1 250 | R 12 500 |
| Stillborn | – | Maximum 25% of the employee’s benefit | R 1 250 | R 12 500 |
# Where a Life insured is actively in the service of an employer.
* There is a three-month waiting period from policy inception before an employee or spouse can claim for a parent’s death due to natural causes, whereafter a parent is covered for the remainder of their respective lives for as long as the member remains on the policy.
^ Children are covered to age 21 unless studying and are financially dependent on the employee, then the cover is extended to age 24.