R50 000 FUNERAL COVER
One of the most traumatic events in life is the death of a loved one. The situation is made worse if that person was the main breadwinner. Funeral costs can run into the thousands and often funds are tied up in the estate.
Our Funeral Cover policy is designed to pay claims as quickly as possible, and a decision on the claim will be made within 2 business days, to assist in covering the financial burden by even the simplest funeral.
Funeral Cover is underwritten by King Price Insurance Company Ltd (Licensed Life Insurer | FSP no.: 47235).
King Price Insurance Company Ltd is an authorised Financial Services Provider and licensed life insurer.
Funeral Cover is underwritten by King Price Insurance Company Ltd (Licensed Life Insurer | FSP no.: 47235).
King Price Insurance Company Ltd is an authorised Financial Services Provider and licensed life insurer.
What does Cura Administrators Funeral Cover entail?
| LIFE ASSURED PLAN – R50 000 | NATURAL DEATH | ACCIDENTAL DEATH |
|---|---|---|
| Principal Member | R50 000 | R50 000 |
| Spouse | R50 000 | R50 000 |
| Child aged 14 to 21 Years | R50 000 | R50 000 |
| Child aged 6 to 13 Years | R25 000 | R50 000 |
| Child aged 1 to 5 Years | R12 500 | R25 000 |
| Child aged 0 to 11 Months | R12 500 | R25 000 |
| Stillbirth (After 28 weeks of pregnancy and not due to an elective abortion) | N/A | N/A |
Waiting Periods Applicable:
- No waiting period will apply in respect of Accidental death, provided that the Insurer received the first premium.
- A 6-month Waiting period will apply to the Principal Insured and any Insured person/s in respect of death due to natural causes.
- A 12-month waiting period will apply to the Principal Insured and any Insured person in respect of death due to Suicide.
- If Benefits are added/ increased at any stage for a Principal Insured/Insured Person, a new Waiting period will apply to the added Benefit/s.
Concessions on the above waiting periods will be considered for group schemes.
Maximum Entry Age:
The maximum entry age is age 64 (as at insured’s last birthday).
Child dependants are covered until they reach the age of 21
years, with the option to continue cover as a principal insured
and no new underwriting or waiting periods will apply on own
new policy.
The age of 21 may be extended up to 26 years in respect of an
unmarried child dependant who is a full-time student, provided
proof thereof can be provided to Cura Administrators.
All newborns must be registered on this policy within 30 days
after birth.
Monthly Premium:
| Entry Age | Monthly Premium |
|---|---|
| Single Cover | R117.00 per month |
| Family Cover | R290.00 per month |
Premiums (incl. VAT). Premiums are reviewed and may be adjusted annually.
Main member Maximum Entry age up to next birthday 65 years Spouse Maximum Entry age 74 years
Terms and conditions apply in terms of exclusions and claim procedures.
CURA FUNERAL COVER EXCLUSIONS
The Insurer shall not pay any Policy Benefits if an Insured Event arises directly or indirectly from:
- Suicide, attempted suicide, or intentional self-injury (no benefit will be payable under this policy where a member commits suicide within 12 months of the inception date of the policy).
- Consuming any drug or narcotic unless prescribed by and taken in accordance with the instructions of a registered medical practitioner (other than the insured
person) or drug addiction. - No benefits shall be payable in the event of fraudulent claim submission.
- War, riots, civil commotion, terrorist activities, Willful exposure to danger, participation in any criminal act, radioactivity or nuclear explosions.
The table of benefits do not apply to any territory outside of the borders of the Republic of South Africa, Botswana, Lesotho, Swaziland, Namibia, Zimbabwe, and Mozambique.
CURA ADMINISTRATORS FUNERAL POLICY CLAIMING PROCEDURE
Policyholders need to submit the following documentation, including certified copies as required, to claims@curaadmin.co.za to initiate the Funeral Policy claiming process:
- Give written notice of the claim within 12 months from the date of death;
- Supply in writing any such proof or other information as Cura may reasonably request, which would include:
- A duly completed and signed claim form
- Certified copy of death certificate;
- Certified copy of BI-1663 form / death registration form (Page 1 to 3);
- Certified copy of a cancelled ID
- Certified copy of the nominated beneficiaries’ ID
- Proof of banking details of beneficiary
- Police report in case of an unnatural death (this may cause a delay in the payment of the claim)
- Any other documents, as required by the Insurer in its sole discretion.
- A claim should be reported and supporting documents submitted, in writing, within 12 months. The claim will be forfeited and not honoured if the claim isn’t submitted successfully within this period.
- All benefits payable shall be paid to the nominated beneficiary, unless the Principal Insured is the claimant.
- No benefit payable shall accrue interest.