Benefits

PAYMENT OPTIONS

As an Ackermans cardholder, you have a choice for premiums to be added to your monthly account.

NO MEDICAL EXAMINATION

An applicant requires no medical examination in order to qualify for cover.

LIFETIME COVER

With an Ackermans Funeral Policy, your cover is for life if you take out cover between the ages of 18 and 64, and as long as we receive your premiums.

TAX-FREE CASH DEATH BENEFIT

A lump sum will be paid for a valid claim, within 48 hours of Abacus receiving the required documents and the approval of your claim, as stipulated by the policy terms and conditions.

NO WAITING PERIOD FOR ACCIDENTAL DEATH

Coverage for accidental death starts immediately after the first premium is paid.

GUARANTEED ACCEPTANCE

Acceptance for the funeral plan is guaranteed provided that all qualifying criteria are met.

Plans

Individual Cover

Premium R60pm R80pm R100pm

Main Member

R15000

R25000

R35000

Accidental Death Benefit

(application to policyholder only)

R15000

R25000

R35000

Monthly Provider Benefit

R1000

R1000

R1000

Single Parent Cover

Premium R60pm R90pm R110pm

Main member

R15000

R25000

R35000

Accidental Death Benefit

(You can add up to 5 children at no extra cost on any plan selected)

R15000

R25000

R35000

Children*

Age 14 to 25

Child 6-13

Child 1-5

Child 0 - 11 months / Stillborn

R10000

R5000

R2500

R1250

R20000

R10000

R5000

R2500

R30000

R15000

R7500

R3750

Monthly Provider Benefit

R1000

R1000

R1000

Family Cover

Premium R85pm R120pm R150pm

Main member

R15000

R25000

R35000

Accidental Death Benefit

(application to policyholder only)

R15000

R25000

R35000

(Covers you, your nominated spouse and up to 5 children.)

Age 14 to 25

Child 6-13

Child 1-5

Child 0 - 11 months / Stillborn

R10000

R5000

R2500

R1250

R20000

R10000

R5000

R2500

R30000

R15000

R7500

R3750

Monthly Provider Benefit

R1000

R1000

R1000

* PLEASE NOTE:

• Cover for children ceases on the 25th birthday.
• No replacements are allowed if a specific child’s cover ceases.
• Another child cannot be added unless there were less than five children on the policy before the specific child’s cover ceased (Including any previous child’s cover ceasing).
• Children refer to: Dependents and unmarried children.

WAITING PERIOD:

• Coverage for accidental death starts immediately after the first premium is paid. There is no waiting period.
• A waiting period of 6 months and 6 consecutive premiums apply from the start of the policy for death from natural causes.

How to Apply

IN-STORE

Apply at your nearest Ackermans store.

How to Claim

Contact us on - 031 570 763 to request a claim form.

Email: ackermansquery@iua.co.za

Please provide clear copies of the following documents:
• Police statement explaining the cause of death (for accidental deaths).
• Death certificate.
• Notification of death (Form BI-1663).
• Deceased’s ID.
• Beneficiary's ID.
• Your bank details and a recent bank statement.
• In some cases, additional information may be required. We will contact you if we need anything further.
• E-mail your documents and the claim form to: funeralclaims@iua.co

PLEASE NOTE:
Abacus has the right to inspect all documents provided and will communicate with the claimant on the progress of the claim.

More Info

Customer Care

Email: ackermansquery@iua.co.za

Complaints

Email: complaints@abacus-insurance.co.za

Ackermans is a division of Pepkor Trading (Pty) Ltd an authorised Financial Services Provider no. 3247. Underwritten by Abacus Life Ltd a licensed Life Insurer and authorised Financial Services Provider no. 47062.

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