Group Last Expense Cover
Give your loved one a befitting send-off
Secures your peace of mind by easing the financial burden of the funeral
The cover is based on predetermined benefit limits and their corresponding annual premiums. It pays out a cash lump sum on death of an insured member. A group may only select a single benefit option from amongst the available options for all the members in that group.
Eligibility is first and foremost through membership to a registered group. Once a member has signed up, they are covered for life, subject to annual renewal. However, the below minimum and maximum ages at entry apply:
Member | Min age at entry | Max age at entry | Maximum cover age |
---|---|---|---|
Principal & Spouse | 18 years | 69 years | For life subject to no breaks in cover |
Parents & Parents in Law | 30 years | 84 years | For life subject to no breaks in cover |
Children | 2 weeks | 21 years | Up to 25 years with proof of being a fulltime student |
* Only biological children, parents and parents-in-law are eligible for cover |
Write us at - ALAKCorporate@absa.africa
For more details on our Group Last Expense Cover please download the product brochure as a PDF from here.