Nedbank easy cover funeral plan
Nedbank EasyCover is a funeral plan offered by Nedbank, a South African bank. Here are some key features and benefits of the plan:
What is Nedbank EasyCover?
Nedbank EasyCover is a funeral plan that provides financial assistance to your loved ones in the event of your passing. The plan is designed to help alleviate the financial burden of funeral expenses, allowing your family to focus on grieving and celebrating your life.
How does it work?
When you take out a Nedbank EasyCover policy, you pay a monthly premium, which is used to build up a funeral benefit. The benefit amount is determined by the policy you choose, and it can range from R10,000 to R50,000.
If you pass away, your beneficiaries can claim the funeral benefit to help cover the costs of your funeral. The benefit can be used to pay for funeral expenses such as:
- Funeral director's fees
- Cremation or burial costs
- Headstone or monument
- Flowers and other funeral expenses
Benefits of Nedbank EasyCover
- Financial protection: Nedbank EasyCover provides financial assistance to your loved ones in the event of your passing, helping to alleviate the financial burden of funeral expenses.
- Flexibility: You can choose from a range of policy options, including different benefit amounts and premium payment frequencies.
- No medical exam required: You don't need to undergo a medical exam to take out a Nedbank EasyCover policy.
- Tax-free benefits: The funeral benefit is tax-free, so your beneficiaries can use the money without worrying about taxes.
- No claims history required: You don't need to have a claims history to take out a Nedbank EasyCover policy.
How to apply for Nedbank EasyCover
To apply for Nedbank EasyCover, you can:
- Visit a Nedbank branch: You can visit a Nedbank branch near you and speak to a consultant who can help you apply for the policy.
- Call Nedbank: You can call Nedbank's customer service number to apply for the policy over the phone.
- Apply online: You can also apply for Nedbank EasyCover online through the Nedbank website.
Premiums and fees
The premium for Nedbank EasyCover varies depending on the policy you choose and your age. You can expect to pay a monthly premium of around R50 to R500 per month.
There may also be additional fees associated with the policy, such as a policy administration fee.
Conclusion
Nedbank EasyCover is a funeral plan that provides financial assistance to your loved ones in the event of your passing. With a range of policy options and no medical exam required, it's a convenient and affordable way to ensure that your family is protected from the financial burden of funeral expenses.