Many South Africans choose a funeral policy to help them shoulder the costs that come with burying a loved one with dignity. However, make sure that you keep a look out for these benefits before signing your name on the dotted line.

Financial security

Funeral cover provides financial security to your loved ones in the event of your death, ensuring they can give you a dignified funeral without having to worry about the costs.

Cover for accidental death

Some funeral cover policies provide cover for accidental death, which means your loved ones will receive a larger payout if you die as a result of an accident.

Option to add dependents

Some funeral cover policies allow you to add dependents to your policy, such as your spouse or children, providing them with the same level of financial protection in the event of your death.

Peace of mind

Funeral cover provides peace of mind knowing that your loved ones will not have to bear the financial burden of your funeral in the event of your death.

Being adequately covered

You are given the option to choose the cover amount you think will be suitable to cover funeral expenses. However, keep in mind that most insurers cap the amount between R50 000 - R100 000. Knowing if a funeral cover will adequately cover your needs is all about knowing your numbers. Understanding what it costs to cover all expenses that come with a funeral will let you know if a policy is the right fit.

Quick claims process

Most funeral policies in South Africa have a quick turnaround process once the required documents have been submitted to an insurer and the claim is processed. Beneficiaries can receive the payout within 24 hours - 48 hours after placing a claim. MiWayLife policyholders can find the relevant claim information that is needed on our page for a smoother process.

It can cover you and family members under one premium

Whether your family is small, or a large one that is continuously growing, there is a policy for you. You can get access to funeral cover such as MiWayLife’s funeral cover that offers a plan which covers you, your spouse, 8 children, 4 parents/parents-in-law, and 8 extended family members under one premium.

What will it cost?

The cost of a funeral policy differs from insurer to insurer. It is also influenced by the cover amount that you could end up taking. The higher the cover amount, the more likely the premium will increase. You can get a MiWayLife funeral policy to the value of R50 000 combined with life cover of up to R500 000 - R5 million to help your loved ones continue to have a financial safety net even after the day of the funeral for as little as R149 a month*.