Assupol is a South African company that has been serving those who serve since 1913. Their motto gives an idea of the company's values and product offering to the South African public. Assupol offers Funeral products for individuals and families; Life products for death, disability and serious injury; as well as Savings and RA products. This article takes you through their Funeral product offerings so that you can make an informed decision.
Do not let unforseen funeral costs destroy your savings. You need a funeral plan to safeguard your assets and savings.
Assupol offers both individual as well as family funeral plans with a maximum cover of up to R50,000. Please note that main applicants has to have an RSA ID and be between the ages of 18-64 years, and earn a monthly salary of R2,500 or more.
Benefits to members is that for a low premium you get peace of mind and a dignified burial.
Their funeral plans include more than just funeral benefits. The company believes that you must benefit from your policy while you are alive as well.
The two plans available are:
Maximum benefit or cover is R75,000. Covers you and your spouse and up to 5 children. Extended family members may be added up to the age of 79 for an additional premium.
To note the waiting period for natural death is 6 months from the policy's acceptance date, however cover is immediate for accidental death.
The instant accidental cover until the policy starts is R5,000.
Premiums increase at a rate of 10% per year whilst benefits increase by 6% yearly.
For an additional premium you can get these added benefits:
Another product feature:
This product is very similar to the above Absolute Advantage Funeral Plan but with additional features and benefits.
You can cover an unlimited number of family members - this means you, your spouse, children and extended family members. Also included in your premium is guaranteed insurance for your family without them having to pay any premiums for 5 years after your death.
Having been in the SA market for over 100 years, Assupol believes that their most valuable asset is their policyholder - you and your family - and in building long-term, personal relationships with each client through state-of-the-art products and services.