Other Services – Koopkrag

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.

Feel free to download our Application document and sign up.

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

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