"I was on this other group and this one lady was complaining about how Capitec failed to honour the funeral policy cash plan payout as the cover/claim for the deceased has exceeded R100k. The bank says this is its diversification strategy and the cover has a voluntary pause option to allow policyholders to put their policy on hold for a maximum of 6 months. Take care of all your funeral expenses with premiums based on the payout you choose. If you’re between 18 and 65 years old, you can request a Funeral Cover quote with us and take out a funeral policy. Most people are advising her to name and shame Capitec on social media platforms and also contact Ombudsman. Capitec said its funeral cover solution ensures that clients will only contribute what they can afford. We use cookies to ensure that we give you the best experience on our website. Founder and Business Writer of iBusiness.co.za, (born June 28), a South African Business Reviewer and Blogger. The Capitec Funeral Plan, underwritten by Centriq Life Insurance Company Limited, is personalised according to your needs. Underwritten by Centriq Life, an authorised financial services provider (FSP 7370) (Reg. Get cover for one spouse and up to 4 parents, 8 children and 8 extended family members – all on one plan. This website uses cookies to ensure you get the best experience. Should you decide to increase your premiums and make changes, or increase your cover – you can let Capitec know, and this is subjected to the terms and conditions. Capitec Bank Limited Reg. Our single-member funeral plans offer payouts from R10 000 for R40 a month, to R50 000 for R135 a month. Capitec Bank offers a Funeral Cover for you and up to 21 dependents on one plan. Hi, please call me, I need more information about your funeral cover. The new funeral cover allows an addition of up to 21 members to the plan. Capitec has launched funeral cover as it starts to diversify into insurance. Capitec bank which has about 10 million customers is also offering a funeral cover to its customers from this month. There’s no waiting period with Capitec Bank Funeral Plan in the event of accidental death, and not only that, the funeral payout is doubled and this is limited to the maximum cover amounts when it comes to children as prescribed by law. Most people are advising her to name and shame Capitec on social media platforms and also contact Ombudsman. Say Hello to get information, stop a card or check your balance. He paased away as a result of motor vehicle accident last week Saturday. Taking a little time now to organize your funeral cover could save you and your loved ones a great deal of stress and anxiety in the future. Cover up to 19 family members on 1 plan! When claiming for a natural death, you will need the following documents: When claiming for accidental death, you will need the following documents: Just a reason why you want to activate the benefit. Customers can be covered for up to R100,000 for from R25 per month – making the bank's plan the most affordable among its peers. The family can focus on funeral arrangements while Capitec takes care of the rest. Any price less than R30 per month would be welcomed by many people. Claiming a funeral policy benefit might seem like a daunting process, especially in times of difficulty such after the loss of a loved one. You decide how much cover you need and we calculate your premiums. Capitec Bank Funeral Cover. Funeral cover claim I took out a funeral policy with Capitec bank, I was told that if I cancelled my policy at Old Mutual there won't be any hustles at claim stage should any of my members die before the 6 months waiting period. Such moments, when a family passes on, it’s devastating and unfortunately, these are the kind of moments we are supposed to prepare ourselves for. You can choose any premium, as long as they are within your budget, and Capitec will calculate the cover – know exactly how much you’ll be paying for how much cover. Capitec Funeral Plan is underwritten by Centriq Life. no. Your premiums will increase if there are any changes made to your plan such as increasing your funeral cover or adding beneficiaries (subject to terms and conditions) The claims process is straightforward and easy to do through the Capitec 24-hour Client Care Centre. A native of Ventersdorp, Mogopa Village (SA), often referred to as Zack. When the worst happens, the claims process shouldn't be a hassle. You can add a spouse, up to 4 parents, 8 children, and 8 extended family members all in just one plan, iBusiness, professionally designed for Business News, SASSA Update: September and October (Pending vs. Get up to R100 000 funeral cover for yourself and add cover for up to 21 dependants, so you only pay for one plan. Get up to R50 000 cover per person from as little as R49 per month; Cover yourself, your spouse, up to 5 children, up to 4 parents and up to 8 extended family members all one 1 plan The Capitec Funeral Plan, underwritten by Centriq Life Insurance Company Limited, is personalised according to your needs. With the FNB Funeral plan you have peace of mind knowing that we will seek out your beneficiary and pay out valid claims even if they have not claimed. Your email will never be published or be shared with a third-party. COVID-19 is not a specific exclusion on Absa Life policies. Thus, Capitec has made things easier with the App, and so you can take control of your own cover amount, and you can let them know how many people you want to cover, or choose the premium and Capitec will calculate the cover, and this is you personalizing your own plan as you want it. Let's talk iBusiness. You also get between R3 000 and R5 000 for your tombstone depending on your … How to claim. You can cover up to 21 dependents – You can add a spouse, up to 4 parents, 8 children, and 8 extended family members all in just one plan. My cuzin Oscar Sekgobela had a funeral cover joined in February 2019 through Capitec Bank underwritten by centriq n sanlam. When the worst happens, the claims process shouldn't be a hassle. Claim funeral cover for a dignified farewell. But most insurance policies do not give you a refund when you cancel your funeral policy. The Capitec Funeral Plan, underwritten by Centriq Life Insurance Company Limited, is personalised according to your needs. funeral plan. We all know the unpredictability of life, and how one moment can be a happy one, and the next moment is just unbearable. You tell us how many people you want to cover, and we calculate the premium. Use our banking app to get your funeral cover and pay lower premiums. Capitec Bank Funeral Cover. If you continue to use this site we will assume that you are happy with it. Let our family look after yours with our Funeral Cover for all your family’s needs! A claim resulting from the virus will be covered subject to the general terms and conditions of your policy. We know that when the time comes to make a claim, you want to be able to do that quickly and effectively. Alternatively, you can visit the branch and talk to a consultant. Cover up to 21 dependants. Only pay what you can afford. Capitec will never leave you in the dark when your premiums increase, if such happens, you will be notified in 30 days of Capitec’s decision to increase the premium. I was on this other group and this one lady was complaining about how Capitec failed to honour the funeral policy cash plan payout as the cover/claim for the deceased has exceeded R100k. According to the policy T&C accident death is cov A funeral policy supports them financially to make sure you’re given the send-off you desire. Capitec is perfectly positioned to offer funeral insurance , and its simplicity and sophistication would be an ideal offer for anyone. If there are any other documents, they can also be attached. Let's look at some of the questions you may have about funeral cover. Get funeral cover now Get an online quote for the cover you need or let one of our agents call you back to help you apply. Capitec must be notified within 12 months of the date of the event, in one of the following ways: Visit your nearest branch; Call us on 0860 66 77 83 (Credit Collection Services Enquiries) Email us at CreditInsuranceClaims@capitecbank.co.za; Fax us on 0860 11 11 52 (Credit Collection … Funeral Cover is as much for your loved ones’ benefit as it is for yours. In the unfortunate event of a death, our simple claims process will take care of your policy payout quickly and efficiently, leaving you and your family free to focus on the funeral arrangements. Comments and ratings are subject to verification and approval. OK Read More. we have answers for all your funeral cover queries, read more here. Our funeral cover products provide all the financial and practical help that you and your family will need during a difficult time. Capitec Bank is an authorised financial services provider (FSP 46669) and registered credit provider (NCRCP13). Apply has been made easier, all you have to know is access the Funeral Policy Tap on the Capitec App, where you can make your calculations – you can either chose a premium and Capitec will calculate the cover, or select how much cover you need, and Capitec will calculate the premiums. Capitec Funeral Insurance was perfectly designed to meet the needs of customers – they are designed in a way that you can choose your own cover, you get to decide how much cover you need – Capitec will calculate the premiums for you. It is part of life; we just need to accept the unfortunate circumstances of life and move on. Most importantly, Capitec funeral cover quotes should be cheap like the premiums of other similar funeral insurance from banks. Police Report with the details of the cause of death, Policy schedule of the previous policy showing that the cover was active one month prior to the Capitec policy acceptance date, Letter of proof of cancellation or lapse of previous policy at the time of claim. My mother pass away on the 25 May 2016 and when i submitted my claim to ABSA funeral cover department i was told that i had to bring the letter of authority , i didnt understand why i had to do that because i was never that when she pass away they will need that letter and again this is sample funeral cover not life cover . Save my name, email, and website in this browser for the next time I comment. Should you add more beneficiaries to your plan or increase your funeral cover, your premiums will be adjusted accordingly; The claims process is easy – simply contact the 24/hour Capitec Client Care centre and submit the necessary documents; There is a waiting period waiver You can also choose a premium that fits your budget and we’ll calculate the cover – putting you in control of your money. See our Privacy Policy for clarity | If you are rating a product please ensure to select a star rating - however, this is optional. In the unfortunate event of a death, our simple claims process will take care of your policy payout quickly and efficiently, leaving you and your family free to focus on the funeral arrangements. Visit our COVID-19 page for any essential banking needs during the lockdown and the official SA government portal www.sacoronavirus.co.za to stay informed about our fight against COVID-19. Capitec Funeral Insurance was perfectly designed to meet the needs of customers – they are designed in a way that you can choose your own cover, you get to decide how much cover you need – Capitec will calculate the premiums for you. I phoned Capitec on the 10th March 2020 to find out what documents I needed to submit for a claim. We know the unexpected happens. This Capitec Funeral Policy is Underwritten by Centriq Life, an authorized financial services provider (FSP 7370) (Reg. Good day, Last week Monday, 9th of March my father in law past away. Simply email the necessary documentation; Waiting period waiver Visit www.capitecbank.co.za for more information or call 0860 10 20 43 when all documents have been received, your claim will be processed in 4 hours. The consultant I spoke to said I only no. You can also choose a premium that fits your budget and we’ll calculate the cover – putting you in control of your money. It may take you some time to read & review this before you fill out the claim form. Read more about Capitec Funeral Plan Benefits. I need to join the funeral cover, please call me. To register a claim, visit a Capitec branch, phone our Client Care Centre on 0860 10 20 43 or email FuneralClaims@capitecbank.co.za. You decide how much cover you need and we calculate your premiums. Most people are advising her to name and shame Capitec on social media platforms and also contact Ombudsman. A claim resulting from the virus will be covered, subject to the general terms and conditions of your policy. I took out funeral cover for him at Capitec. Claim for a funeral cove My name is Pamela, my spouse passed away last week Sunday. Once all relevant documents are received, your claim will be processed and the money paid into your Capitec account immediately after your claim is approved. funeral claims. It is as simple as that. The Funeral benefit on your policy pays out money on approval of a claim and can be used to pay for expenses associated with a funeral when an insured life passes away. I was on this other group and this one lady was complaining about how Capitec failed to honour the funeral policy cash plan payout as the cover/claim for the deceased has exceeded R100k. Juliet, Unfortunately (or fortunately) we are 10X Investments, not Old Mutual, so you would have to check with them, or refer to your Terms & Conditions documents. ... Got questions about your funeral cover? Capitec Bank has added insurance to its already excellent offering of financial service products by adding an excellent and unique funeral product. Your loved ones may not be aware that you have funeral cover. SCROLL TO DISCOVER. This means that if you have a funeral policy or take out a new funeral policy before the end of April 2021, you will be covered for any COVID-19 funeral claim immediately as long as you pay your first premium and every premium thereafter on time. : 1943/016409/06), part of the Sanlam Group. To safeguard our clients, we have removed waiting periods for COVID-19 funeral claims. Capitec Insurance. Their group funeral insurance policy for pensioners even provides funeral cover for over 85 – subject to paying a single once-off premium. Personalise your plan. No: 1980/003695/06, Fully completed BI-1663/BI-1680 or DHA-1663/DHA-1680 form, BI-1663/BI-1680: This is a notification of death or stillbirth completed by the Department of Home Affairs, DHA-1663/DHA-1680: This is a Death Report that will be issued after a death has been registered, The valid identity document of the beneficiary, The valid identity document of the claimant, Beneficiary’s bank, bank account number and branch code if the beneficiary is not a Capitec Bank accountholder, Any other documents/reports which we need to assess the validity of the claim, A police report with the details of the cause of death, A reason as to why you want to activate the benefit, no additional documents required, Policy schedule of previous policy showing that the cover was active one month prior to the Capitec policy acceptance date, Letter of proof of cancellation or lapse of previous policy at the time of claim. We're on WhatsApp! The Capitec funeral cover plan, underwritten by Centriq Life, allows the person who has assumed financial responsibility to cover a family of up to 22 members, namely: Themselves (one) up to R100 000 Spouse (one) up to R100 000 I went to Tembisa Plaza branch on the 8th of July to put in a claim and the documents were faxed to the claims department and there was no money in my bank account for the whole week as per their slogan than funeral cover only takes 48 hours. * By using this form you agree with the storage and handling of your data by iBusiness.co.za, More about Capitec Funeral plans and Funeral Insurance, Capitec Bank offers a Funeral Cover for you and up to 21 dependents on one plan, Capitec Funeral Plan is underwritten by Centriq Life, We all know the unpredictability of life, and how one moment can be a happy one, and the next moment is just unbearable, Such moments, when a family passes on, it’s devastating and unfortunately, these are the kind of moments we are supposed to prepare ourselves for. Exclusion for All Benefits We will not pay a benefit if it is as a direct or indirect result of active participation in war, invasion, acts of foreign enemies, hostilities, illegal : 1943/016409/06), part of the Sanlam Group. With Capitec Bank Funeral Cover, you get one plan for more cover at lower premiums, pay lower premiums when you use the Capitec banking app to get a funeral cover. The payout will be transferred into the beneficiary’s account soon as the claim is approved. Capitec Bank has made it very simple to claim, when a beloved one passes on, the process is been made quickly and efficiently. Alternative income identified), Here’s what you can do when changing SASSA payment method…, SASSA: Sending banking details via Srd.sassa.gov.za, Check your R350 Grant Relief Status Now (USSD, WhatsApp, Email…, SASSA update: ‘pending’ and ‘unpaid’ applicants, Latest SASSA update: From ‘Declined’ to ‘Pending’, South African COVID-19 Information Portal, How to get and apply for Capitec’s new Black Card, Capitec Bank’s double deductions now fixed, Capitec Bank warns of the Experian data breach, Daily Lotto Results: Saturday, 2 January 2021, Daily Lotto Results: Friday, 1 January 2021, Powerball and Powerball Plus Results, Friday 1 January 2021, Apply has been made easier, all you have to know is access the, You can simply email the necessary documents to, You can visit the branch and speak to a consultant, OR call the Capitec Client Care Centre on, You need an original or a certified copy of a death certificate, A BI-1663/BI-1680 or DHA-1663/DHA-1680 fully completed form, BI-1663/BI-1680 is a notification of death or stillbirth issued by the Department of Home Affairs, DHA-1663/DHA-1680 is a death report that’s issued after a death has been registered, A valid ID (Identity Document) of the beneficiary, A valid ID (identity) document of the claimant, In a case that a beneficiary is not a Capitec accountholder, Beneficiary’s banking details will be required. 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