It is a group policy that provides for funeral costs for departed members.
- A benefit of a specified sum assured per member ( e.g. 10,000, 20,000, 50,000 etc) is payable in the event of an insured member’s death
- Waiting period- 3 months unless death occurs through accident for stand-alone policy
- Age 1 – 75 years at entry
- Annually renewable cover
- Minimum number of persons to be insured in a group may be fixed e.g 50 members for a stand- alone policy
- Claims paid within 48 hours of reporting & documentation