Planning for the future may not always be comfortable, but having a funeral policy is one of the most responsible financial decisions a person can make. The benefits of being covered far outweigh the consequences of being unprepared.
A funeral policy provides crucial financial support during a time of loss, when loved ones are already dealing with emotional distress. It helps cover the costs associated with funeral arrangements, easing the burden on family members who might otherwise struggle to find the necessary funds. The financial relief allows those left behind to focus on grieving and healing rather than facing the added stress of unexpected expenses. By securing a funeral policy, you are not only protecting your family financially but also offering them peace of mind when they need it most.
It is advisable to reassess your insurance policies annually to ensure that you have enough insurance to pay for unexpected expenses in the event of your death or that of a family member. Ensuring your insurance cover is up to date can provide critical protection and peace of mind when life takes an unforeseen turn. Taking the time to review your policy could make all the difference later.
If you hold more than one insurance policy for the same need, it is crucial to consult a financial advisor before cancelling any of them. The goal is not simply to cut costs by dropping the extra policy but to ensure that you maintain adequate and affordable protection for unforeseen circumstances.
Insurance decisions should be based on the value and cover that a policy offers not just the price tag. What may seem redundant at first glance could provide essential benefits in times of crisis. Optimising your insurance means striking the right balance between cost and comprehensive cover – it does not mean choosing the cheapest option.
Stepping up to added real value
More brands are going beyond selling products, they actively help customers stretch the value of their hard-earned money. From loyalty perks to added protection and exclusive offers, companies are introducing thoughtful benefits that truly support their customers. For example, with AVBOB’s Cashback Funeral Cover policy, the policyholder can get one year’s premiums in cash back every five claim-free years (provided there has been no claim over the entire five-year period).
The unique power of a mutual assurance insurer
Mutual insurers are structured to serve their members, not external shareholders. This means more value is passed directly to members. As Africa’s largest mutual, AVBOB is uniquely positioned to offer exclusive benefits that traditional insurers simply cannot match. Our structure allows us to prioritise long-term customer wellbeing, delivering meaningful advantages you will not find elsewhere, such as our 65Alive Cash Benefit, under which R13.1 billion was declared to qualifying members in January 2025. For more information, visit: https://www.avbob.co.za/general/65alive
Support when you need it most
We understand that life can take unexpected turns, whether it is a job loss or the passing of a family breadwinner. That is why we have dedicated relief measures in place, which are designed to support our members during difficult times by ensuring that premiums are still paid for qualifying members. If you are facing hardship, we encourage you to visit your nearest branch or contact us at 0861 28 26 21 to find out how we can help keep your premiums up to date. Your wellbeing remains our priority.
Honouring loss with understanding and support
With over a century of experience, we know that dealing with loss is never easy. In those deeply emotional moments, the last thing anyone wants is to be overwhelmed with complex decisions and logistics. That is why it is so important to have a trusted funeral provider that truly understands people’s needs during such sensitive times.
We also recognise the importance of respecting diverse cultural and religious traditions as well as individual family values. Thoughtful planning, aligned with both personal beliefs and financial realities, ensures that families can honour their loved ones with dignity while staying within their means. A well-prepared approach offers not just peace of mind but the ability to meet expectations with grace during one of life’s most difficult moments.
Having a funeral policy is about more than covering funeral costs – it is about easing the emotional and logistical burden during a difficult time. Sufficient funeral insurance with a registered Financial Services Provider can assist with many of the practical aspects of planning, allowing families to focus on grieving and healing.
At AVBOB, we go beyond financial support. We help our clients navigate the funeral process by assisting, for example, in obtaining the death certificate from Home Affairs and providing hands-on assistance depending on the family’s needs. It is this kind of all-round support that turns a policy into peace of mind. In the end, planning ahead is not just a financial decision – it is an act of love and care for those left behind.
AVBOB Funeral Service offers FREE funeral benefits* for AVBOB policyholders valued at up to R23 500:
- A FREE basic funeral valued at R15 000, which includes the funeral arrangements, a specified coffin and hearse
- A R3 000 immediate cash payment for initial expenses
- A R3 000 discount on a tombstone, cremation or Aquamation**
- FREE transport of the deceased within the borders of South Africa
ALL this on top of your full policy pay-out!
*Terms and conditions apply. **The discount on the tombstone is valid for 18 months from the date of the funeral and on condition that AVBOB Funeral Service provides the tombstone. Aquamation is currently only available at AVBOB in Cape Town and Pretoria. FREE funeral benefits only apply if AVBOB Funeral Service conducts the funeral. AVBOB Mutual Assurance Society is a licensed life insurer and authorised Financial Services Provider. FSP 20656. AVBOB is a level 1 B-BBEE contributor. www.AVBOB.co.za