Funerals in South Africa can cost anywhere from R4000 – R50 000+. A funeral policy helps you cover these costs by giving you a lump sum payout when the named beneficiary of the policy dies.

These payouts are typically faster than other types of insurance, like life insurance, which means funding the funeral is the one thing you don’t have to worry about at this time. Depending on the funeral cover policy, payouts can include airtime, flowers, catering and tent hire, among other necessities.