You can have policies with different insurers, with up to R100000 of cover per insurer. You are also allowed to have more than one policy per insured life with the same insurer. By law, an insurer can only pay out a maximum of R100 000 per life on a funeral policy. So as long as the overall cover limit is R100 000 or less, both will pay out in the event of a valid claim.
Can I be ‘overinsured’?
First off, you need to determine your specific needs in relation to the costs associated with death and funerals. You may become overinsured specifically in relation to funeral insurance, and where a different product (for example life insurance) would be more appropriate than multiple funeral insurance policies. You are welcome to discuss this with us, to ensure you make the right choice.
Immediate Dependant Plan Maximum Cover Amounts
| Life Insured | Natural Death | Accidental Death |
| Main member | R50 000 | R100 000 |
| Spouse | R50 000 | R100 000 |
| Child (14-21) | R50 000 | R100 000 |
| Child (6-13) | R28 000 | R56 000 |
| Child (0-5) | R11 000 | R22 000 |
| Stillborn | R9 500 | R19 000 |
| Overage Child (22-25) | R50 000 | R100 000 |
| Special Dependant (21+) | R50 000 | R100 000 |
Extended Dependant Plan Maximum Cover Amounts
| Life Insured | Natural Death | Accidental Death |
| Extended Dependant | R25 000 (combined benefits + cash) | R50 000 (combined benefits + cash) |
