How does Assupol funeral cover work? That has been one thing that many clients who wants to subscribe to the funeral policy always ask, and in this guide, we will give you all the details.
If you are searching how Assupol’s funeral cover works, look no further. You have come to the right place. You’ll find this blog post useful as it entails a detailed explanation of the Assupol funeral cover.
Assupol is a South Africa insurance company and among its covers is the funeral cover. The cover is meant to suit every South African. If you are interested in buying this cover, it is imperative to understand how it works.
What You Must Know About Assupol Funeral cover
The Assupol cover is a policy designed to help you take control of your grief and protect you and your family from additional costs and obstacles. The funeral cover options offer all of the financial and practical assistance you and your family will require during this trying time.
When you die, Assupol pays a lump-sum payment to your estate or selected beneficiaries. You can specify a benefit amount when you apply for coverage, which can be used to pay for your funeral costs or any other expenses you leave behind, such as debts.
This can help your family get through a difficult period quickly while also preventing you from worrying about escalating funeral bills.
Other perks of the Assupol funeral cover include cashback and Health +, to mention a few.
The cost is normally determined by your age and the number of benefits you want. Your premiums will be greater if your benefit amount is larger.
It’s also worth noting that Assupol Funeral Cover isn’t a savings or trust account. This means that unless you cancel during the cooling-off period (unless you’ve filed a claim during that time), you won’t get your money back.
However, the benefit of Assupol Funeral Cover is that you can choose your benefit amount.
How Does Funeral Insurance Work
It is easy to understand how Assupol insurance cover works. The first step is to apply for the cover. You can make the application either online or by visiting the nearest Assupol office.
During the application process, you ought to choose the right premium you can pay without struggling.
After submitting your application, it will be accessed. The company will approve or reject it. If it is approved, you are issued with a funeral cover policy after paying the first premium.
If you pay the premium every month, you will remain covered until when you die, and your beneficiaries will file a claim for the cover.
After the claim, Assupol will access the claim, and if it is genuine, the beneficiaries will receive the lump sum.
If the cause of death was due to terminal illness or accidental serious injury claim, the lump sum is paid within 1-2 business days after processing the required paperwork.
That is all we have for you today and I believe you now know how Assupol funeral cover work in South Africa.