Finance
Financial needs
with speedy service
Koopkrag takes care of your financial needs with speedy service and competitive interest rates.
Contact us on lenings@koopkrag.com for more information
Life Insurance
Group Life Insurance
Only for applicants under 54 years of age.
Funeral Insurance Under 60
Group Funeral Insurance
Only for applicants under 60 years of age.
Funeral policy for a family.
Consumers who participate in the group funeral insurance scheme and any member of their immediate family i.e. the consumer’s spouse and/or any minor single children (including step and legally adopted children) qualify for this insurance cover.
Death Benefits
On death of the participant AFRICAN UNITY LIFE will pay the cost of a funeral / cremation up to the following maximum amount or the equivalent cash amount.
| Standard Premium (monthly) | R16.93 | R22.13 | R31.03 | R44.27 | R67.27 | R90.06 | R135.08 |
| Cover on death of: | |||||||
| Main member, spouse & children 15 to 20 years | R4000 | R5000 | R7000 | R10 000 | R15 000 | R20 000 | R30 000 |
| Children 6 to 14 years | R2000 | R2500 | R3500 | R5000 | R7500 | R10 000 | R15 000 |
| Children under 6 years (incl still-born) | R1000 | R1250 | R1750 | R2500 | R3750 | R5000 | R7500 |
Funeral policy for a single person
Death Benefit
On death of the consumer AFRICAN UNITY LIFE will pay the costs of a funeral / cremation up to the following maximum amount or the equivalent cash amount.
| Standard Premium (monthly) | R7.60 | R9.98 | R14.00 | R19.96 | R30.27 | R40.69 | R60.54 |
| Cover on death of: | |||||||
| Single person | R4000 | R5000 | R7000 | R10 000 | R15 000 | R20 000 | R30 000 |
For the applicable terms and conditions please download the application form below.
Funeral Insurance Over 60
Group Funeral Insurance
with AVBOB
| Scheme Value | Persons | Mark Option | Premium | Amount |
| R10 000 : Main Member | 1 Person | Plan A | R35.53 | |
| R10 000 : Main Member and R10 000 for spouse | 2 Persons | Plan B | R70.20 | |
| R15 000: Main Member | 1 Person | Plan C | R53.29 | |
| R15 000: Main Member and R15 000 for spouse | 2 Persons | Plan D | R106.58 | |
| R10 000: Children younger than 21 or 23 if a full time student | Per child | R24.50 | ||
| R10 000:Physically or mental handicapped children over the age of 21 at date of application | Per child | R106.58 | ||
