Group Funeral

Introduction

There has been an increase in the number of deaths due to the general worsening mortality in the country as a whole. This has resulted in high funeral costs caused by our traditional practices of long mourning periods before burial. This problem can be seen from the frequency at which employees approach their employers for loans/advances. However, with increasing number of requests for loans employers are finding it difficult to cope moreover they cannot afford to lend out more and more sums of money resulting in loss of interest.

To overcome this difficulty the employers can take out a group funeral cover for employees (Compulsory Scheme) or employees can pay for themselves (Voluntary Scheme) at very competitive rates

Types of Policies

There are three types of policies:

• The standard family plan
• The full family plan
• Extended family plan

The standard family plan excludes parents and guarantees a benefit/cover to the participant and immediate family. On the participant’s attaining the termination age membership of the plan ceases and the benefits in respect of the participant and immediate family cease.

The full family plan provides benefits as per standard family plan but also includes parents of both the participant and the spouse if required.

The extended family plan includes members of the extended family and other people one may be close to and would wish they be given a decent funeral.