Funeral Cover
The SteadFin Funeral product is a plan that provides payment in the event of the death of a member, their spouse, children, parents, and other dependents.
The policy is meant to:
- Offer Peace of mind for your family in the event of arranging a funeral.
- Less emotion and stress in the event of arranging a funeral.
Details of the Cover
ITEM | DETAILS |
|---|---|
Geographical Cover:
| Worldwide |
Benefits per member:
| as per individual |
Annual Premium per member:
| as per individual
|
Member Maximum age entry:
| 65
|
Parent’s Maximum age entry:
| 80
|
Children Maximum age entry:
| 18
|
Benefit cease age:
| 85 |
Benefits of the Funeral Cover
- Payments can be made through allotment/savings.
- In the instance of an untimely death of an enrolled member, payment is made to the deceased’s family.
- One can opt to collect a lump sum or request services from a desired Funeral Service Provider, equivalent to the sum assured.
- The cover is extended to our parents, up to the age of 80 for enrollment and up to 85 years as the cease age
- The scheme is renewable annually
Charges
ANNUAL PREMIUM | SUM ASSURED | |
|---|---|---|
Principal
| 50,000 | 8,000,000 |
Spouse | 45,000
| 7,000,000
|
Child | 35,000
| 5,000,000
|
Parents below 75
| 85,000
| 5,000,000
|
Parents above 75
| 150,000
| 5,000,000
|
Claiming Benefits
To make a claim, Members are required to present the following documentation, which are vital for the process:
- Death certificate: This is processed from NIRA
- Valid ID of the deceased: This can be a National ID or passport
Submit a filled-in application form at our offices or send it through email to admin@steadfin.com
