Funeral Plan
This is a complete funeral cover for you, your family and extended family. Funeral plan will help you to lay your loved ones to rest with dignity and respect. This policy reduces the burden on your finances arising from catering, caskets and transport costs. As the policyholder, you pay low monthly premiums so that in the event of death, the cover amount is paid out to your family.
Some of the benefits
Affordable
Pay very low monthly premiums
Wide cover
You can cover yourself, your spouse and up to six children and other dependents.
No medical tests
Get funeral cover without any need to go for medical tests
Quick pay out
Get your payout within 48 hours.
How to get it
- Visit your nearest branch if you are under the age of 75yrs
- You must have transactional or savings account.
- There is no need for you to have any medical examination to join
What it costs
- MK 5 065.00 per month
- MK 1 400.00 for any additional dependant
What you get
- A lumpsum pay-out immediately after a death of a family members who is covered in the policy.
- You can cover yourself, your spouse and up to six children.
- You can also cover your parents, parents-in-law and extended family members.
Benefit Schedule
| Assured Member | Benefits Payable |
|---|---|
| Main Member | MK 1 000 000.00 |
| Spouse | MK 1 000 000.00 |
| Children up to 24 yrs (max 4) | MK 800 000.00 |
| Parents and parents inlaw | MK 800 000.00 |
| Other dependants (max 4) | MK 800 000.00 |
An additional premium of MK 1 423.00 per head will have to be paid to cover parents, parents inlaw and other dependants.
- Where death is as a result of natural causes then there is three (3) months waiting period with three (3) monthly premiums paid.
- Where death is as a result of an accident, then the benefit will be paid provided one (1) month’s premium has been paid.
- Where death is as a result of suicide, benefits will only be paid if the policy has been in force for twenty-four (24) months with twenty-four (24) monthly premiums paid.
How to claim
Contact any Standard Bank branch or Bancassurance Consultant for guidance on the claim processing.
Standard documentation required:
- Completed claim form (to be provided by the bank)
- Copy of ID for the claimant
- Copy of ID for the deceased
- Death Certificate/report or Stamped NRB slip
-
How to get it
-
What it costs
-
What you get
-
How to claim
- Visit your nearest branch if you are under the age of 75yrs
- You must have transactional or savings account.
- There is no need for you to have any medical examination to join
- MK 5 065.00 per month
- MK 1 400.00 for any additional dependant
- A lumpsum pay-out immediately after a death of a family members who is covered in the policy.
- You can cover yourself, your spouse and up to six children.
- You can also cover your parents, parents-in-law and extended family members.
Benefit Schedule
| Assured Member | Benefits Payable |
|---|---|
| Main Member | MK 1 000 000.00 |
| Spouse | MK 1 000 000.00 |
| Children up to 24 yrs (max 4) | MK 800 000.00 |
| Parents and parents inlaw | MK 800 000.00 |
| Other dependants (max 4) | MK 800 000.00 |
An additional premium of MK 1 423.00 per head will have to be paid to cover parents, parents inlaw and other dependants.
- Where death is as a result of natural causes then there is three (3) months waiting period with three (3) monthly premiums paid.
- Where death is as a result of an accident, then the benefit will be paid provided one (1) month’s premium has been paid.
- Where death is as a result of suicide, benefits will only be paid if the policy has been in force for twenty-four (24) months with twenty-four (24) monthly premiums paid.
Contact any Standard Bank branch or Bancassurance Consultant for guidance on the claim processing.
Standard documentation required:
- Completed claim form (to be provided by the bank)
- Copy of ID for the claimant
- Copy of ID for the deceased
- Death Certificate/report or Stamped NRB slip