SPONSORED - At its 74th Annual General Meeting, AVBOB announced a R15 billion Special Bonus in the form of its 65Alive Cash Benefit for qualifying members. Chairperson of the AVBOB Group Board, Jannie Venter, says that in the last two financial years, AVBOB has allocated a total of R28,1 billion to members through its 65Alive Cash Benefit. The December 2025 Special Bonus marks the organisation's seventh Special Bonus declaration and is linked to qualifying members’ policies, effective 1 December 2025.
As the name “65Alive” suggests, qualifying members are those that are 65 years and older with a policy that has been in force for at least 10 years. Such members can now claim their 65Alive Cash Benefit on the AVBOB self-service portal. “Over R276 million has been paid to members through the 65Alive Cash Benefit,” notes Venter.
As a mutual society, AVBOB operates without external shareholders. Its members, AVBOB policyholders, share in the Society’s profits, which are distributed in addition to the standard policy benefits. It is this mutual model that allows AVBOB to put members first by re-investing profits into benefits that enhance their insurance, funeral and investment products. Venter describes the historic bonus declaration as a demonstration of staying true to the founding principles of the business’s shared value model.
AVBOB investment plans
The December 2025 Special Bonus extends beyond funeral and life insurance. It encompasses AVBOB investment plans – both the five- and 10-year options. These investment plans become payable upon policy maturity or earlier death. An Investment Plan policy matures when the full term has been completed, and all required premiums have been paid.
Member Rewards and FREE funeral benefits
Membership in a mutual society provides valuable benefits through long-term membership offerings. Apart from the 65Alive Cash Benefit, AVBOB members can also benefit from Member Rewards and from FREE funeral benefits* valued at up to R23 500 (*Terms and conditions apply. FREE funeral benefits only apply if AVBOB Funeral Service conducts the funeral).