People let’s read contracts more especially where money is involved.
Based on helping people who asked me questions, I always make sure I make a research.
I just called Capitec Funeral Plan on this number 0860 10 2043 and AVBOB Funeral Cover on this number 0861 28 26 21 about their Funeral Plan.
MY QUESTION:
“What happens if siblings insured their parents R50K cover each with Capitec, then one of the parents is no more are they going to pay all of them or what”?
CAPITEC CONSULTANT:
“We can’t pay more than R100K for main member parents/extended family”.
AVBOB CONSULTANT:
“We can’t pay more than R50K for main member parents/extended family”.
Example:
If you, your brother, and your sister can open a funeral cover of R50K each for your mother with Capitec/AVBOB then your mother passed away.
When you claim…
Capitec will pay you R100K in total (meaning R50K each for first 2 siblings who made the claim) the 3rd sibling will not be paid.
AVBOB will pay you R50K in total (meaning R50K the 1st sibling who made the claim) the 2nd & 3rd siblings will not be paid.
I ASKED AGAIN:
“Why is their system don’t pick up that this person is over covered from the beginning when the 3rd siblings is registering her”?
CAPITEC ANSWER:
“Everything is in the contract and people don’t read contract, most companies operates like that when it comes to the funeral policy”.
MY ADVICE:
Guys make sure you talk about funeral policies as a family, just imagine your extended family member insured your parents and s/he goes and claim first.
S/he get paid then you go and find out that other person/people have already claimed, only to find out they won’t even contribute anything/far less in that funeral.
If you have more questions you can call your funeral cover provider yourself and ASK.
Capitec – Underwritten by Centriq Life
AVBOB – Underwritten by AVBOB
Knowledge is power….. ????”
