Funeral insurance plan – Avbob is a South African mutual assurance society providing specialist funeral insurance and burial services. With over 90 years experience in the business and over 3.5 million lives covered, Avbob has gone on to establish itself in nine provinces with 156 agencies in South Africa and Namibia. Avbobs mission is to ensure individuals and families receive a dignified funeral.
Avbob provides funeral cover with cash back guarantee after every 5 years, this means every 5 years without a claim, a client is given back all premiums paid during the 5th year. Other benefits of the Avbob funeral plan include the power given to the client to choose whom they want to cover, accident benefit which stipulates that should a client die from unnatural cause like car accident, the pay-out is double, breadwinner benefit which states that should the insured die, the insureds spouse, parents and children will remain covered under Avbob without undergoing a medical examination, children’s benefit which allows the policyholder to add as many children as possible such biological ones, step children or legally adopted children and only pay for one, extended family benefit which allows for up to 6 family members to be added, parent benefit which covers parents and if your spouse is added on the same policy, then your spouse’s parents can also receive cover, spouse benefit allows for your spouse to be covered under a separate benefit, immediate coverage stipulates that in the unfortunate circumstance of accidental death, a payout is made within 48 hours, the Avbob policy also offers flexible payment options through cash, bank debit order or even stop orders.