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    Nedbank Funeral Plan

     

    TERMS AND CONDITIONS

     

    • Cover is applicable to all Nedbank account holders.

    • There is a waiting period of two (2) months on all members to be covered under this scheme.

    • If a premium is not received within the month in consideration, there is no cover.

    • A completed claim form is required to claim.

    • Premiums are paid monthly in advance.

    • Cover ceases when the member ceases to be an account holder.

    • Cash-in-lieu of services will be available after two (2) of the policy being in force.

    • If you want to add other dependents or your family– Kindly visit any of our 

    branches for assistance.

    • The Package is as follows: Lite Package

    • Flat Lid Casket

    • Toyota Hilux Hearse

    • USD100 Cash Pay-out embedded in the plan

    • Option for 100% Cash-in-lieu of Service available at claim stage

    • Gravesite Equipment

    • Standard service (Casket, Hearse, Cash, Removal, Documentation etc)

    • The premium/cost per month is just USD1.00

     

    Data Requirements

    • The bank is to supply data electronically in excel to the insurer on a monthly basis 

    in terms of existing and new account holders.

    • The details to be captured per each account holder are as listed below:

    • Surname and forename(s)

    • Date of birth

    • National Identity number

    • Account number

    • Date of entry

    • Insurance premium

    • Bank commission

     

    Claim Documents

    A completed and authorized claim form is to be submitted by the bank, together with a burial order. Name of beneficiary and his/her bank account details or cell number where payment is to be through mobile phone.

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