FAQs
How much is AVBOB funeral cover per month? ›
It is a single-life policy with a premium that can either be payable for life or with a once-off, single premium payment. Policyholders between the ages 65 to 74 pay a monthly premium of R150, those between 75- and 79-years old pay R180, and pensioners between 80- to 84-years of age pay R220 per month.
How long does it take for AVBOB to pay out? ›The time it takes to pay out a policy once a claim is lodged can be anything from four to 48 hours, depending on the company that issued the policy.
What is the waiting period for AVBOB funeral policy? ›Waiting Period
This means that if any of the insured persons under this policy die as a result of natural causes, the benefit will not be paid. A claim will be considered only after the six-month waiting period from the policy issue date has been completed and six premiums were received from the policy start date.
This offers easy access to a user's profile, so policyholders know precisely what is happening with their coverage. WhatsApp and website Chatbot: Customers can engage with our Chatbot either via our website, or on our WhatsApp business number (087 153 1049).
What is the age limit for AVBOB life insurance? ›Whether you're 18 or turning 80, the AVBOB Cashback Lifestyle whole-life insurance policy is for you. AVBOB Cashback Lifestyle product benefits are payable in the event of death, disability and/or critical illness.
Does AVBOB pay double for accidental death? ›Accident Benefit: If the main policyholder passes away due to an accident, double the insured amount will be paid out.
Does AVBOB pay cash? ›When you take out AVBOB Cashback Funeral Cover, you get rewarded in CASH for every five, consecutive, claim-free years. That means you get the peace of mind of trusted funeral cover PLUS cash in your pocket every five years, which you can spend on anything you want.
Can I check my AVBOB policy online? ›If you need to claim, or if you are already an AVBOB policyholder and you need more details about your FREE Funeral Benefits* or anything else about your policy: Visit www.AVBOB.co.za and use your e-policy login.
What is the 5th bonus on AVBOB? ›For every five consecutive, claim-free years on your policy, you will get your fifth year's premiums paid back in cash.
What do you do when someone dies in AVBOB? ›If a person dies at home, call Avbob. We will arrange with the doctor to issue a medical certificate stating the cause of death. If a person dies at hospital, the attending doctor will is- sue the medical certificate. If a person dies of unnatural causes, this must be reported to the police.
What is AVBOB free funeral benefits? ›
A FREE basic funeral valued at R14 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.
Who owns AVBOB? ›“AVBOB is a true mutual society, which means that it is owned by its members, its policyholders. So, we don't have shareholders.
Is AVBOB expensive? ›Avbob funeral costs
With Avbob's funeral services you can expect to pay a similar fee for both a grave burial and a cremation service. For a basic grave burial or cremation service, it could cost you between R18 500 to R22 000.
Call Centre: Contact the AVBOB call centre at 0861 28 26 21 or visit any AVBOB branch.
How do I pay my AVBOB policy? ›Paying your AVBOB premiums through Pay@ in-store payment services. You can pay your AVBOB premiums at Pick n Pay, Boxer, Shoprite, Checkers, PEP or Usave stores countrywide, through Pay@ in-store payment service. Please provide your ID number and cellphone number below to obtain your policy Pay@ reference number.
How many people can I cover on AVBOB? ›You can cover as many of your children as you want but only pay premiums for 1 child. However, with extended family members, there is a limit of six people that you can insure in your policy, and each is paid for.
Which type of insurance would most often pay for funeral expenses? ›Burial insurance, also called final expense or funeral insurance, is a whole life policy that helps cover the costs of an individual's final arrangements. It pays for expenses such as the memorial service, casket or urn, and burial or cremation.
How to claim for AVBOB funeral cover? ›If you need to claim, or if you are already an AVBOB policyholder and you need more details about your FREE Funeral Benefits* or anything else about your policy: Visit www.AVBOB.co.za and use your e-policy login. You can call us on 0861 28 26 21. You can email us at info@avbob.co.za.
What is AVBOB survivor benefit? ›With AVBOB, you can add your parents, spouse, children, and extended family to your policy. You can add a Survivor benefit* to your AVBOB Cashback Funeral policy that will pay out in 6 equal parts to your beneficiary after your death.