Does a Funeral Plan Cover Accidental Death

The cost of living has soared but so has the price of funeral cover. With funeral plans, you want to know if your plan is going to be beneficial for you. You’ll want to know if you’re going to have to pay extra for certain things. Making a decision to take out funeral cover is more than just buying the funeral cover. It means choosing the level of cover you need. No doubt if you’re young and single, you might even think it’s pathetic to take out funeral cover. Death calls unexpectedly for anyone anytime. And if you’re single, a funeral plan can spare your parents having to fork up money they may not have for your funeral. Its one of the reasons that everyone, young and old, should always make double sure that accidental death cover is in a funeral plan.

Accidents Happen out of the Blue – Accidental Death

Accidental DeathAnyone can die accidentally. And accidental death insurance is a policy which will pay out when death occurs as a result of an accident. Typical examples of death by accident in South Africa are murders and road accidents.

Accidental Death Benefit, however, won’t pay out if death was caused by taking drugs or while under the influence of alcohol.

Of course, with any accidental death cover, you will need to look at your finances before you decide on how much cover you need. If you do, however, take out this cover and you change your mind, you can cancel the plan with 30 days and FNB, one of the financial institutions in South Africa which offer funeral cover will refund you. The plan and its benefits will come to an end when you don’t pay your premiums.

With a funeral plan with FNB, you must –

  • Be a South African citizen
  • you need to be between the ages of 18 to 64 years of age
  • you will need a valid bank account


No Waiting Periods and a Quick Payout

The beauty of Accidental Death cover is that there aren’t any waiting periods such as having to wait 6 or 12 months before you get to cover.  A cash benefit is paid out immediately to your family if you were killed in an accident. With natural death, for instance, there are 6 months waiting period. And with suicide, there is a 24 month waiting period.
With FNB bank you benefit from a Double Accidental Death Benefit for you and your spouse. Claims are paid out within 24 hours. That is quicker than other funeral plans which only pay out after 48 hours. FNB gets the death certificate from Home Affairs on your behalf.

With FNB, as an example the primary member pays R35 a month and gets a payout of R10 000 and with R85 a month, the payout is R 40 000 and so on..the more you pay, the higher the payout. Cover starts from the day you take up the plan with immediate Accidental Death Cover.

Keep things Legal

A double payout for accidental death is available for anyone with takes out a funeral policy with FNB. It’s for anyone who doesn’t try to participate in unlawful activities just to benefit from this great payout. This type of crime won’t result in part-payment but a total exclusion of any payment.


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All info was correct at time of publishing