THE Capitec Funeral Plan, underwritten by Centriq Life, is personalised according to your needs. You decide how much cover you need and we calculate your premiums. You can also choose a premium that fits your budget and we’ll calculate the cover – putting you in control of your money.
Clients can use the Estimate link (located under the Insure tab on the app) to complete a free funeral estimate and immediately see how much cover they can get and to work out their monthly premium, without having to visit a branch.
How it works
Step 1: Client chooses Insure on the app menu and selects Funeral Plan before entering the required information.
The information required is similar to the branch estimate tools. Existing client information will be pre-filled to improve the user experience.'
Step 2: Client immediately receives an estimate
Similar to applying in a branch, the client will:
Select “Calculate the Premium”
Then tell us how many people you want to cover, and we calculate the premium.
The estimated premium is calculated based on the value of the cover specified.
If it’s too high, enter how much you want to pay each month and choose “Recalculate”. This will adjust the cover amounts according to your preferred premium.
If you’re happy with the premium and cover amounts, choose “Get Cover’ to buy your funeral plan.
You can also use the Capitec app, to:
Update your debit order bank details
Use our app to get funeral cover and you’ll pay lower premiums from R25 (versus R40 in branch), with a minimum cover of R5 000.
There are no hidden costs, so you always know what you pay and what you get
Manage your plan
There’s no need to travel to a branch – use our app to get a free estimate and purchase a personalised plan without paperwork
Change your beneficiaries
Your annual premium will never increase automatically– unless we provide you with at least 31 days’ written notice or you decide to make changes to your plan, such as increasing your cover amounts or adding life assureds
This feature is published by Daily Sun and paid for by Capitec.