Funeral Insurance
FUNERAL INSURANCE
If tragedy strikes, funeral insurance can assist in lightening the burden of your family at a time when they are coping with the loss of a loved one with financial assistance. This cover allows you to help pay for the funeral through a lump sum, as well as to take care of any other immediate costs.
The funeral cover is available to all South African citizens and legal permanent residents between the ages of 18 and 75. No medical examinations are required for you or your family members
Typical Funeral Plan Benefits
- Cover that ranges from R5 000 to R50 000
- Accidental Death Benefit – in the event of an insured person’s accidental death
- Annual increase of your cover – ensures that your cover keeps pace with inflation
- Groceries Benefit: a monthly benefit of a fixed monthly amount of up to R1 200 for 12 months
- Car-hire service The use of a car for up to six days with unlimited mileage and the first full tank of petrol free
- Up to R50 000 payout for your partner with a maximum of R10 000 for each child
- Up to R10 000 one year after your death or your partner’s death, to assist your family with the expenses of the unveiling ceremony.
- Accidental Death and Disability Benefit Personal Accident Benefit provides cover in the event of an insured person’s accidental death or accidental permanent disability.
A worthwhile investment at a comparatively low premium

Funeral Insurance
AA Insurance
AA now offers offers comprehensive vehicle insurance to car and other vehicle owners. AA Insurance also offers home insurance, credit protection and credit shortfall protection.
The car insurance package covers damage, theft and accidents with free towing and subsequent vehicle storage, a car hire allowance, discounts on advanced driver courses (in line with the modern preventative approach to insurance), and payback of commission. of commission and the installation of a tracking device where required by the policy and your monthly tracker instalments are added to your monthly insurance premium.
AA credit protection insurance protects you from losing your vehicle in the event of you not being able to make your car payments due to temporary or permanent disability. Your family is also covered for instalments in the event of your death. The cover extends even further – if you are unable to make your instalment payments due to retrenchment of hospitalisation.

Credit insurance
Players Insurance
In contact sports, the risk is particularly high. Injured players will need medical treatment and physical rehabilitation to recover. Disability and Credit insurance should be standard for anyone who participates in sports as sports injuries can result in permanent disability and even death.
Sports players must ensure that they have insurance. They are sometimes required to arrange cover themselves, and in other instances their sporting body will take that responsibility.

Maternity Disability Insurance
Morning sickness, nausea, vomiting and other conditions can be enough to keep a pregnant woman from doing anything except staying in bed and resting all day. Maternity disability Lifeinsurance is a great convenience for working mommies to be, she will still receive a bit of her income while being out of work with the maternity disability insurance.
It is advised for mothers to apply for the plan before falling pregnant mothers also need to know that the cover is separate from maternity leave, consult with your doctor for the type of information needed concerning your illness.
The extra money could come in handy for the mother to pamper herself and buy maternity clothing or cover some of her bills while at home.
Although pregnancy is not a disability, it can become difficult trying to work while feeling exhaustion, emotional outbursts and anxiety.

Under insurance causing high inflation
Under insurance causing high inflation
Macro factors like inflation and rising import costs on a weaker Rand can drive up replacement values of many household items, from audio equipment to furniture and appliances. Macro pressures increase the risk of under-insurance.
Consumers have a slow response to under-insurance risks because years of relatively low macro pressure may create false expectations of price stability. Recently CPIX topped 9% for the first time since 2003 and the rand is again at record lows against major currencies after 2001. Authorities enjoyed major success in keeping inflation within the targeted 3-6% range.
Such incidents cause policyholder not to have the ability to replace stolen or damaged items for anything close to the purchase price of three or four years ago. This causes a gap between insured values and replacement values which should be the individual’s responsibility.
Policyholders should use the solution of calling in a professional short-term insurance adviser to carry out a thorough review of replacement values.

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