Cash Funeral Plan

The ZB Cash Funeral Plan is an annually renewable term assurance that pays out a lump-sum amount in cash on the death of a registered Member or a registered dependent. The cash is made available within 24 hours of receiving notification of death, to cover funeral and other related expenses.

Major Benefits

  • Pays for funeral and other related expenses.
  • Pays the deceased member’s final expenses such as outstanding medical bills, debts and loans.

Terms and Conditions

  • One can register up to eight (8) dependents. The dependents can be registered at any time.
  • The Policy has a waiting period of three months which is not applicable on accidental death.
  • The Policy will lapse if a premium is not paid within the grace period of one calendar month. However, the policy can be reinstated within six months from the date of lapse subject to terms and conditions.
  • ZB Life can assist members to obtain funeral and burial services in lieu of a cash payout. We have arrangements in place with a significant number of funeral service providers.
  • The Policy has a free Premium Waiver benefit for a policyholder who is retrenched or suffers disability and can no longer work, for a period not exceeding six months.

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The Funeral Cash Plan has the following supplementary benefits: 
  • Grave Rider Benefit (GRB) – The GRB is a benefit that provides a physical grave for the burial of the deceased member at the memorial cemetery chosen at inception.
  • Memorial Cash Benefit (MCB) – The MCB provides financial assistance towards funding a memorial service.
  • Tombstone Cash Benefit (TCB) – The TCB provides financial assistance towards acquiring a tombstone and funding the tombstone unveiling event.
  • Grocery Benefit (GB) – The GB assists a bereaved family with finances to purchase basic grocery items as it adjusts to changed circumstances following the death of a breadwinner.
  • School Fees Benefit (SFB) – The SFB assists a bereaved family with school fees.
  • Personal Accident Benefit (AB) – The benefit provides the family with an additional payout should the member or registered dependent die through an accident.