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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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