Nedbank Funeral Cover

Nedbank Funeral Plan

The Nedbank Insurance Funeral Plan will take care of your family tomorrow, so you can live life today.

What does it cost?

The plan starts from R23,75 for R5 000 cover for yourself. You can also buy R10 000 cover for yourself for just R32,50 or for R57,00 for yourself, your spouse/life partner and up to five children.These premiums are based on you and your spouse being age 55 or younger.

The Nedbank Insurance Funeral Plan is flexible enough that you can design it around your life, and comprehensive enough to give you and your loved ones a proper goodbye.

Why should you get the Nedbank Insurance Funeral Plan?

• Besides covering yourself, you can add up to 29 family members, including your spouse/life partner, children, parents and grandparents, brothers and sisters, uncles and aunts, nephews and nieces, cousins and up to five of your domestic workers.
• Your policy won’t lapse if you can’t make your payments in full, as long as you pay a minimum of R20 a month. Your cover, will, however, fluctuate accordingly.
• We pay one premium on your behalf! In the 12th month you qualify for a premium bonus of your average premium paid in the previous 11 months.
• You get access to our Value for Life programme’s funeral support services, which will help you with the difficult task of planning a funeral.
• This plan is also available to non-Nedbank accountholders. However, Nedbank accountholders get a 5% discount when they take out this plan and pay by debit order.
• No medical tests are required.
  

We have created a comprehensive list of the main funeral cover services in South Africa.

If you are interested in the Nedbank Insurance Funeral Plan, sign up at a Nedbank branch or you can call them on 0860 555 111.

Source www.nedbank.co.za

About Nedbank

Nedbank is one of the largest banks in South Africa; however, it is one of the newest banks to be incorporated. It is headquartered in Johannesburg. Market capitalization was ZAR:89.6 billion (approximately US$9 billion), as of 31 December 2012.

History

The bank was originally founded in 1888 in Amsterdam as the Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika ("Dutch Bank and Credit Union for South Africa"). In the same year the bank opened an office in Pretoria, South African Republic; in 1898 the bank moved its office to Church Square. In 1903 the company was renamed to Nederlandsche Bank voor Zuid-Afrika ("Dutch Bank for South Africa"). In 1906, the bank expanded and an office in London was opened.

The bank split in 1951, renaming its South African part as Nederlandse Bank in Suid-Afrika Beperk/Netherlands Bank of South Africa Limited. The number of South African shareholders increased greatly, and in 1969 the company become 100% South African-owned after the Bank Mees en Hope sold 20 percent of its shares. The South African part was completely independent. The Dutch part of the bank no longer exists; it's currently part of ABN AMRO.

In 1992, the name of the bank was changed to Nedcor Bank Limited, of which Nedbank became the largest division. In 1992, Syfrets, UAL, and Nedbank Investment Bank merged to become Nedcor Investment Bank (NIB). Old Mutual, Nedcor's holding company, was demutualised and listed on the London Stock Exchange in 1999. It became a constituent of the FTSE 100 Index. Nedbank acquired the Isle of Man and Jersey private banking business of Robert Fleming & Co.in 2001.

The new Nedcor Group was formed on 1 January 2003, combining Nedcor, BoE, Nedcor Investment Bank, and Cape of Good Hope Bank into one legal entity. The Nedcor Group was renamed the Nedbank Group on 6 May 2005. Nedbank headquarters are in Sandton, South Africa. In August 2009, Nedbank bought the remaining 49.9% of Imperial Bank South Africa, which is now fully owned by Nedbank.