How do I claim a funeral cover?
In order for a funeral claim to be processed, the client will need to provide the following documentation:
- Completed claim form.
- Completed BI 1663 (Notification of death)
- Certified copy of the death certificate.
- Certified copy of claimant’s identity document – if the claimant is not the Main Member/Policy Holder.
How long does metropolitan take to pay out claims?
Claims can take up to 48 hours once lodged.
Can you get a refund on a prepaid funeral?
If your prepaid funeral plan is funded through a revocable trust, you can cancel the contract and get most of your money back (the trust keeps a cancellation fee to cover administration costs). If your prepaid funeral plan is funded through an insurance policy, you do not get a refund of premiums paid.
How long does it take for a funeral policy to pay out?
It could take 5 to 6 days for the family to finally receive payment. Deputy Long Term Insurance Ombudsman, Jennifer Preiss says people usually take out loans to help them pay for the funeral necessities. The most complaints that we get with respect to funeral policies is mostly about the waiting period.
How do I claim my Hollard Funeral Cover?
Step 1 – Notify us
- For Life or Funeral claims:
- Tel: 011 547 7000 or 0860 000 789.
- Fax: 086 659 0135.
- Email: [email protected].
- For Household Content claims:
- Tel: 0860 000 789 (select option 1, then option 4) or 011 351 4554.
- Fax: 086 659 0135.
What is the waiting period for Hollard Funeral Cover?
WAITING PERIOD – DEATH FROM NATURAL CAUSES A Waiting Period of 6 (six) consecutive months and 6 (six) consecutive premium payments will apply on the death of an Insured Person due to natural causes.
Can I borrow money from my metropolitan policy?
You cannot sell your plan to Metropolitan or anyone else for cash. You may not transfer this plan to another person. For example, you cannot take out a loan or credit at a bank and use this plan as security.
Can I surrender my funeral policy?
There is usually a 30-day cooling-off period. If you cancel your funeral policy after the 30-day cooling-off period, you will not get anything back as funeral insurance policies do not acquire any surrender or paid-up value.
How much does Prepaid funeral cost?
Funeral plans can cost between $4,000 – $15,000, depending on what you choose. They plan may include the funeral service, coffin, transportation, documentation, burial or cremation and full professional support.
Can you have 2 funeral policies?
While there is no limit to the number of funeral policies you can have, and nothing in the Long-Term Insurance Act that deals with “over-insurance”, there are insurers who won’t insure any one person for more than a set amount and there are those that will pay only a certain number of polices on a particular person’s …
Why is there a waiting period for funeral insurance?
The waiting periods may seem unfair, but they are there to protect life assurers from policyholders who only take out cover when they are ill and close to needing the cover. The waiting period usually also applies when a policy is reinstated after it has lapsed.
What is the waiting period for Hollard funeral Cover?
How do I claim my Hollard funeral Cover?
Can I borrow money from Metropolitan retirement annuity?
Answer: Petrus, No, you may not make a loan against your Metropolitan RA, this is not allowed by our law.
How do I check my metropolitan policy?
To confirm whether your policy has been accepted, you can contact your Metropolitan financial adviser, the Metropolitan Call Centre on 0860 724 724 or visit any of the Metropolitan branches.
What happens when you cancel funeral policy?
What happens if you cancel a funeral plan?
Yes, you can cancel your plan at any time. If you choose to cancel the plan within 30 days of purchase, you’ll receive a full refund. If you cancel the plan after the first 30 days, you’ll receive a refund of the original amount paid, minus the management fee.
What is not included in a prepaid funeral?
Pre-paid products Some funeral directors limit pre-paid schemes to items of the funeral they have control over such as personal services and the coffin. This might not include the burial or cremation. Funeral directors must give you a 30-day cooling-off period when you enter a pre-paid funeral contract .
What documents are needed to claim funeral policy?
A letter from the funeral parlour, on a formal letterhead, confirming that the body is in their care. BI 1663 completed by the doctor who certified the death. This completed funeral claim form. A certified copy of the official death certificate issued by the Department of Home Affairs.
You cannot borrow any money on this plan. You may not transfer this plan to another person. For example, you cannot take out a loan or credit at a bank and use this plan as security.
Can I surrender my Metropolitan Investment?
All Metfriendly plans can be cancelled, surrendered or cashed in at any stage. However, depending on the plan involved, there are usually some conditions and consequences that come with any cancellation or cashing-in.
Is it wise to prepay for a funeral?
We don’t recommend prepaying unless you must do so to qualify for Medicaid. But if you are committed to prepaying, be sure: Your money is secure, such as in a federally-insured bank. Your money (trust or insurance) is transferable to another funeral establishment if you move, change your mind, or the firm closes.
Who pays for a funeral if the deceased has no money?
If someone dies without enough money to pay for a funeral and no one to take responsibility for it, the local authority must bury or cremate them. It’s called a ‘public health funeral’ and includes a coffin and a funeral director to transport them to the crematorium or cemetery.
How does a funeral insurance plan work in Australia?
How funeral insurance plans work A funeral insurance policy gives your family a lump sum payment to pay for funeral expenses when you die. You pay monthly or fortnightly premiums (ongoing payments) for a fixed amount of cover. Usually you can choose from $5,000 to $15,000 cover, which will be paid to your family when you die.
What’s the maximum cover for Metropolitan funeral insurance?
Cover starts from just R40 p/m. The policy continues without any further premiums. This can happen at: Your retirement. You, your family, your parents and/or parents-in-law and extended family will be eligible for cover. With this benefit, up to a maximum of R30 000 will be paid upon accidental death.
How to claim funeral cover in South Africa?
Customer service: Call 086 011 1343 or Email [email protected] You will need the following information to submit a claim. Hollard shall be entitled to access any medical and hospital records in relation to an insured Person’s health and make copies of such records. Who should submit the claim if the main policy holder has passed away?
Where is Metropolitan funeral insurance in South Africa?
Whether you need life insurance or funeral cover, Metropolitan has a wide range of products to fit your unique requirements. With branches nationwide, you can rest assured that when you need to claim, there will most likely be a branch near you. Metropolitan was established in 1890 in Cape Town, South Africa.