The Ithala Funeral Plan is designed to meet funeral expenses in the event of death of the eligible member or his/her eligible dependants or nominated family members.  Ithala’s understanding of our clients’ needs is evident on our funeral plan which is very flexible to accommodate the communities we serve.  Cover can be taken individually or per group.

Ithala Funeral Plans offers the following options:

• Individual Funeral Plan;
• Immediate Family Funeral Plan;
• Additional Children Funeral Plan;
• Parents & Parents-in–Law Funeral Plan;
• Extended Family Funeral Plan.

Individual Funeral Plan

This is a plan for the single member who does not have children.

• Main member must be between the ages 18- 65 years;
• There is a 6 month waiting period for natural death;
• Benefit will be doubled in the case of accidental death of the main member.

 

The Immediate Family Funeral Plan 

• Main member can add up to two spouses;
• Maximum 6 children can be added without additional cost;
• Main member up to the age of 65 and spouse to the age of 70;
• There is a 6 month waiting period for natural death;
• Benefit will be doubled in the case of accidental death of the main member;
• On the death of the eligible member, other than the main member, accidental death benefit is payable once the first premium is received.  This accidental death benefit is not doubled;
• This plan covers additional children up to the age of 21 and up to the age of 24 if they are still studying.

Parents and Parents-in-Law Funeral Plan

• Caters for parents and parents–in –law;
• This plan can only be taken as an addition to the individual or family funeral plan;
• There is a 12 month waiting period for natural death;
• A maximum of 4 parents per member can be covered;
• On the death of the eligible member, other than the main member, accidental death benefit is payable once the first premium is received.  This accidental death benefit is not doubled.

Extended Family Funeral Plan

 

This plan covers relatives; i.e. aunts, uncles, brothers, sisters and other family members

• There is a 6 month waiting period for natural death;
• On the death of the eligible member, other than the main member, accidental death benefit is payable once the first premium is received.  This accidental death benefit is not doubled;
• This plan can only be taken as an addition to the individual or family funeral plan.

Group Funeral Plan

This insurance plan is offered to companies and affinity groups, such as burial societies, stokvels and clubs. 

There are three plans available:

• Immediate Family Funeral Plan;
• Senior Citizens Funeral Plan;
• Individual Funeral Plan;
• Cover for 20 or more members.

There is a 6 months waiting period for natural death.

Income Booster

Income Booster is a unique and exciting funeral product offered by Ithala Insurance. If you are a breadwinner in your family, then you definitely need this product.

How it works?

On death of a main member, a selected amount, as per taken, is payable for the period of 12 months, to the nominated beneficiary.  The payment starts from the 1st month after the date of death.

Requirements

• Minimum entry age is 18;
• Maximum entry age is 55; 
• There is a 6 months waiting period for natural death.

Claims

Funeral claims are paid within 48 hours of receipt of all the necessary documents

Documents required

•  Death certificate;
• Certified copy of ID of the deceased and;
• Certified copy of ID of the beneficiary.

For accidental death claim the following additional documents will be required:

• Bl 1663;  and 
• Police report (form may be collected from any branch of Ithala).

Credit Life Insurance Plan

Credit life Insurance is available to all loans clients (housing, business, and co-ops) this is subject to the granting and approval of the loan from Ithala.

Product Features and Benefits

• Cover of up to 1.5 million is available and no medical examination is applicable to the initial R800,000;
• Acceptance is guaranteed subject to the loan approval by the bank;
• Cover on death or disability;
• Claims can be made at any Ithala branch/bank;
• Competitive yet affordable rates.

Death Claims

These claims will be settled within 6 weeks of receiving all necessary documentation.

Documents required

• Certified Copy of Death Certificate;
• Certified Copy of Identity Document;
• Fully completed claim form.

Disability Claims

A minimum waiting period of 7 months is required for the assessment of the claim.

Documents required

•  Written confirmation from the doctor who declared the client disabled;
• Certified Copy of Identity Document;
•  Fully completed claim form.

The client may be required to undergo further medical examinations to confirm disability.