by alex 

July 12, 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 Comprehensive Plan

Key Information

More expensive because of extra benefits

Min. Price - Individual R36 / Family R55

Max Cover - R70 000

Terminal illness benefit - YES

Grocery/ Education benefit - YES

6 premiums cash back after every 36 premiums  - YES

Double the payout on accidental death - YES

Policy will become paid-up once the owner reaches retirement. Benefits will still be active until death.

Do you want more cover? Then see Old Mutual Protect Family Funeral Plan to cover your whole extended family. For the cheaper option see Old Mutual Care Funeral Plan.

How does it work?

Premium Increases

Premiums increase on 1 July every year. The policyholder can choose not to increase the premium in any year. In this case, the policyholder must let us know in writing before 1 July of that 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 or date on which the person was added as an insured person under the plan, we will pay an amount equal to all the premiums that we have already received for the portion of cover that we 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.

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 suicide: cover will be paid if the insured person commits suicide after the first six months from the application date or date on which the insured person was added to the plan.

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

Comprehensive Plan - How much does it cover?

You decide how much cover you want. For an individual you can get cover from R5 000 to R70 000 with premiums as low as R36 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 getting the Comprehensive Plan can get R5 000 cover for just R36. But the same 19 year old could also consider getting R70 000 cover for R296 per month. 

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

Requirements for Old Mutual Comprehensive Plan:

  • Minimum entry age (policyholder): 16-18
  • Maximum entry age (policyholder): 54
  •  Maximum entry age (parent and extended family): 84
  •  Maximum entry age: 54 (policyholder), 20 (child), 25 (full-time
    students), spouses have no maximum age requirement
  • Premium term: Whole life

Maximum starting cover is R70 000 (individual, single adult family, family), R50 000 (parents), R30 000 (extended family).

Who does it cover?

There are many options, you decide what you want to cover. The options are:

  • Individual
  • Family
  • Single Adult Family
  • Parents
  • Extended

Individual covers only the policy owner. Family covers the policy holder, his/her spouse and their children. Single Adult Family covers policy holder and his/her children. Parents covers up to 4 parents and finally Extended Family covers up to 10 extended family members.

Depending on which option you choose the price varies drastically. The cheapest price is R36 for Individual and R57 for Parents. The most expensive cover is Parents over the age of 79, which is R2 024 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.

Is that plan not for you? See all Old Mutual's Funeral Plans here.