Insurance Products

Funeral Cover

It’s never easy losing a loved one but thankfully you can plan ahead for this unfortunate inevitability. As a DirectAxis Personal Loans customer, you have exclusive access to our comprehensive funeral cover.  Taking up this policy enables you to cover yourself and up to 21 family members, including your in-laws. 

This means that in a time of bereavement, you or your family will have the financial support to plan a dignified funeral, without worrying about unexpected funeral costs or incurring debt in the process. 

When you take out DirectAxis Funeral Cover:

  • You can choose cover from R20 000 to R100 000 
  • You could pay as little as R55 per month. Premium and cover amount will increase by 5% on anniversary of plan
  • You can cover up to 21 family members on a single plan
  • Pays double the cover amount in the unfortunate event of you or your nominated spouse’s death due to an accident
  • There’s no waiting period for accidental death 
  • Claims are paid out within 24 hours of receiving all relevant documentation

How will my premiums be calculated?

Your monthly payments will be based on your age and the amount of cover you choose. So, if you’re 30 years old and take up R50 000 cover, you could pay a monthly premium of *R109.18. Or, if you’re 42 years old and you choose to take out R30 000 cover, you could pay a monthly premium of *R109.65, which is a little under R10 per day.  

Remember, you can cover up to 21 family members on your single plan. 

*This is an indicative premium.

For more information about our Funeral Insurance, please call 087 030 1999.

DirectAxis SA (Pty) Ltd. Reg. No. 1995/006077/07. An authorised Financial Services Provider FSP 7249.Underwritten by FirstRand Life Assurance Limited

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