by alex 

June 28, 2022

Get Free Funeral Insurance quotes online instantly now.

What can Funeral Cover Provide You with? Among its numerous advantages, Funeral Cover can ensure a lump sum payment upon the death of an insured individual.

We will assist in finding a funeral plan to suit your individual needs. Simply follow some easy steps and compare Funeral Cover quotes directly side-by-side.

Start your Funeral Cover Quote here

How much cover do you require?
Please Select One
  • R 15 000 - R 20 000
  • R 30 000 - R 40 000
  • R 50 000 - R 60 000
  • R 70 000 - R 80 000

Old Mutual Care Plan

Key Information

No extra frills. Just the cheapest plan. 

Min. Price - Individual R26 / Family R38

Max Cover - R50 000

Terminal illness benefit - NO

Grocery/ Education benefit - NO

Portion back after every 36months - NO

Double Cover on accidental death - NO

If you are looking for more cover, check out the Old Mutual Comprehensive Plan which includes many more benefits.

How does it work?

Premium and cover increases

Premiums increase on 1 July every year. The policyholder can choose not to increase the premium in any year. If the increased premium is paid, the cover will also increase.

Money Back Guarantee

If an insured person dies due to causes other than an accident within the waiting period, or suicide within six months from application date, they will pay an amount equal to all the premiums that they have already received for the portion of cover that they will not pay because of a waiting period.

Premium Holiday Benefit

A premium holiday benefit allows the policyholder to miss up to six premiums over the lifetime of the plan, while the cover remains active. The policyholder may pay some or all of the missed premiums to make use of the same number of premium holidays again in the future.

Restart Benefit

A restart benefit allows the policyholder to continue their plan from where they left off. If the plan stopped because the policyholder stopped paying premiums, they can restart it within six months, but they will have to pay in all the premiums missed before it can be restarted.

However, in the first three months after the plan was stopped for the first time, the policyholder can restart without paying back missed premiums by simply paying premiums again. They will not pay any claims after the plan has stopped and before it is restarted.

Cover Payment

For non-accidental death: cover will be paid if the insured person dies after the end of the waiting period. A waiting period is the six-month period starting on the application date, or date on which the person was added as an insured person under the plan.

For accidental death: cover will be paid if the insured person dies in an accident after the application date.

How much does it cover?

You decide how much cover you want. For an individual you can get cover from R5 000 to R50 000 with premiums as low as R26 per month! Funeral plans from Old Mutual price are different for each person. It all depends on your age and how much cover you want. For example, anyone 19 or under can get R5 000 cover for just R26. But the same 19 year old could also consider getting R50 000 cover for R152 per month. 

Chat with our agent now, so we can help you decide which plan is best for you. 

Requirements for Old Mutual Care Plan:

  • Minimum entry age: 16-18
  • Maximum entry age: 65
  • Maximum entry age (parent and extended family): 84
  • Maximum entry age (family): 65 (policyholder), 20 (child), 25 (full-time students), spouses have no maximum age requirement
  • Premium payment term: Whole life
  • Maximum starting cover*: R50 000 (individual, single adult family, family, parents), R30 000 (extended family)

Who does it cover?

There are 5 options:

  • Individual (policy holder)
  • Family (policy holder, spouse and children)
  • Single Adult Family (policy holder and children)
  • Parents (Up to 4 parents)
  • Extended (extended family - Up to 10)

Depending on which option you choose the price varies drastically. The cheapest price is R26 for Individual and R40 for Parents. The most expensive cover is Parents over the age of 79, which is R1 450 per month.

Old Mutual Funeral Cover

Cover the whole family

Take out cover for yourself, your partner, your dependent children, parents and extended family.

More cover

Get immediate cover for accidental death after your application is accepted.

Keep up with inflation

Equal cover and premium increase are linked to inflation and will be applied once per year.

True customization

You choose and only pay for the cover you want and need.

Pay less

You could save money on your premiums and get access to over R50 000 by answering a few health and lifestyle questions.

Quick payout

Submit a claim with everything required and you will receive your payout within a couple of hours if you have a Old Mutual Account or within 24 hrs if you don't.

This Funeral Cover Policy is one of three Old Mutual Funeral Plans.