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Old Mutual Funeral Plan range
The Old Mutual Funeral Plan range offers funeral cover for you, your immediate and extended family in South Africa. Three different funeral plans in the range are designed to provide funeral cover for immediate expenses and even options to help cover groceries and education costs a year after the insured person passes away.
- Receive a lump sum payout (once-off payment) paid towards funeral costs
- Get immediate funeral cover for accidental death, from the moment your application is accepted
- Pays the money back guarantee (the value of all premiums you had already paid) if an insured person dies from causes other than an accident in the waiting period
You can miss up to 6 premiums during times of financial difficulty such as retrenchment, unemployment, maternity leave and study leave with the Premium holiday
.webp "What's in it for you")
Benefits
Funeral Care Plan
Provides funeral cover (increasing cover and premiums).
Standard Funeral Plan
Provides funeral cover (increasing cover and premiums). Also has a terminal illness benefit and premiums back.
Comprehensive+ Funeral Plan
Provides funeral cover (increasing cover and premiums) with paid-up benefits, a terminal illness benefit and premiums back.
Minimum Premiums
From R28*
From R31**
From R38***
Maximum cover
R50 000
R70 000
R70 000
Terminal illness benefit
Optional Grocery and/or Education Benefit
Portion of your premiums back after every 36 premiums you pay
Double cover on accidental death
Funeral Care Plan
Provides funeral cover (increasing cover and premiums).
Benefits
Standard Funeral Plan
Provides funeral cover (increasing cover and premiums). Also has a terminal illness benefit and premiums back.
Benefits
Comprehensive+ Funeral Plan
Provides funeral cover (increasing cover and premiums) with paid-up benefits, a terminal illness benefit and premiums back.
Benefits
Minimum Premiums
From R28*
Maximum cover
R50 000
Terminal illness benefit
Optional Grocery and/or Education Benefit
Portion of your premiums back after every 36 premiums you pay
Double cover on accidental death
Minimum Premiums
From R31**
Maximum cover
R70 000
Terminal illness benefit
Optional Grocery and/or Education Benefit
Portion of your premiums back after every 36 premiums you pay
Double cover on accidental death
Minimum Premiums
From R38***
Maximum cover
R70 000
Terminal illness benefit
Optional Grocery and/or Education Benefit
Portion of your premiums back after every 36 premiums you pay
Double cover on accidental death
Get affordable funeral cover from Old Mutual
- The Education and Grocery benefit is not available on Care Plan
- The Education and Grocery benefits pay equal instalments over a 12-month period to cover grocery and/or education expenses, when you or your spouse/partner dies
- You may only have one Grocery benefit and/or one Education benefit each
- If you miss a premium, to ensure that your plan is not cancelled and if you have not used up your premium holidays, we will give you an automatic premium holiday. You qualify for an automatic premium holiday after we have received your first premium. For the first six years of your plan, you can miss one premium per year this way. After the sixth year, you will not receive any additional automatic premium holidays but you do not lose the ones you have not taken.
- If you did not want to use your automatic premium holiday and want to make up the missed premium, you must contact us to make arrangements to pay it.
- You stop paying your premiums and you do not qualify for or have completely used your premium holidays
- You, the policyholder passes away
- You cancel the policy
- All the insured persons pass away or are no longer eligible for cover under the family benefit
- You stop paying your premiums and you do not qualify for or have completely used your premium holidays,
- You, the policyholder, passes away, or becomes disabled, from causes other than an accident in the first 12 months
- You cancel the policy
- All the insured persons pass away or are no longer eligible for cover under the family benefit
The monthly premiums will depend on the Funeral Plan you choose, the ages of the people you want to provide cover for and the amount of cover needed.
Your funeral cover (and premiums) will increase on 1 July every year, with the first premium increase on 1 July of the year after your application. You can choose not to increase your cover (and consequently your premiums) in any particular year. In this case, you must let us know in writing before 1 July of that year. By accepting the premium increases, your cover will grow as the cost of funeral expenses rise.
For each of the plans, you can choose a cover amount of at least R5 000. The maximum starting cover per insured person depends on the type of Funeral Plan you choose. When purchasing funeral cover under certain plans, you can also choose to add the Grocery and/or Education Benefits for an additional premium. These benefits pay equal installments over a 12-month period when an insured person dies.
Yes, there is! The More Cover Benefit provides 10% more cover at no extra cost when you buy a Standard Plan and/or Comprehensive+ Plan and you have R50 000 or more existing funeral cover.
You can miss up to six premiums without the plan being cancelled. You can miss these premiums by taking either or both an automatic premium holiday and a requested premium holiday in any combination as long as in total you do not miss more than six.
Automatic funeral cover premium holiday
Requested funeral cover premium holiday
You qualify for the requested premium holiday once we have received at least six premiums from you. You must contact us to arrange your requested premium holiday at least one month before you want to miss the first premium.
For the Funeral Care and Standard Plans, your cover will stop when:
Whichever happens first.
For the Comprehensive+ Plan, if:
Whichever happens first.
Every year, on 1 July we will increase your premium and cover by a certain percentage, linked to inflation. If the application date is less than 6 months from the increase date, the increase will only take place on 1 July of the following year. You may choose to not increase the premium in any year, in which case the cover amount will remain the same; but you will need to inform us before the increase date.
Read each product's terms and conditions here: