WHY CHOOSE US
We solve our client’s financial issues in the unfortunate, but certain event of death, to create an environment that ensures that they can focus on mourning without the added stress of finances. Support your loved ones with a cash benefit paid upon your death.
01
Premium
Our premiums are affordable, and we've made applications so much easier.With less paperwork and no medical examination.
THE GFS FUNERAL BENEFIT
This product provides comfort and peace of mind by paying a cash benefit, upon your death, to your loved ones, which can be used however they like. We pay approved claims within 48hours, terms and conditions apply
CONTRIBUTIONS AND PREMIUMS
Principal member & immediate family
| Cash Benefits | Gold | Platinum | Diamond | Titanium |
|---|---|---|---|---|
|
Principall Member
(Below 65
Years old) |
R12 500 |
R25 000 |
R40 000 |
R50 000 |
|
Spouse |
R12 500 |
R25 000 |
R40 000 |
R50 000 |
|
Children 14 - 21 Years |
R8 000 |
R10 000 |
R20 000 |
R35 000 |
|
Children 6 - 13 Years |
R5 000 |
R5 000 |
R10 000 |
R20 000 |
|
Children 0 - 5 Years |
R2 500 |
R3 000 |
R4 000 |
R5 500 |
|
Stillborn ( From 6 Months ) |
R2 000 |
R2 500 |
R3 500 |
R4 000 |
| Premiums | Gold | Platinum | Diamond | Titanium |
|---|---|---|---|---|
|
***Aged between 18 to 65 years (Spouse age limit 70 years) |
R93.00 |
R186.00 |
R297.00 |
R371.00 |
***Cover is for main principal member, 2 (Two) Spouses and a maximum of six children.
PRINCIPAL MEMBERS ONLY
| CASH BENEFITS | Gold | Platinum | Diamond | Titanium |
|---|---|---|---|---|
|
Cover |
R12 500 |
R25 000 |
R40 000 |
R50 000 |
|
Principal
Member (18 to 65 Years)
|
R39.00 |
R78.00 |
R124.00 |
R155.00 |
|
Principal Member (66 to 75 Years) |
R107.00 |
R213.00 |
R340.00 |
R425.00 |
EXTENDED FAMILY COVER
| Cash Benefits | Gold | Platinum | Diamond | Titanium |
|---|---|---|---|---|
|
Cover |
R10 000 |
R15 000 |
R20 000 |
R30 000 |
|
0 to 17 Years |
R7.00 |
R11.00 |
R14.00 |
R21.00 |
|
Aged between 18 to 65 years |
R34.00 |
R51.00 |
R68.00 |
R102.00 |
|
Aged between 66 to 75 years |
R111.00 |
R166.00 |
R221.00 |
R331.00 |
|
Aged between 76 to 80 years |
R291.00 |
R436.00 |
R581.00 |
N/A |
|
Aged between
81 and 85 years |
R457.00 |
R686.00 |
N/A |
N/A |
Our clients will benefit from
Step 01
Experience
•Established team with years of experience
• A proven client service model: locally owned and operated
• Considerable range of combined technical knowledge and experience
• Timely response to any issues
Step 03
Costs
• Cost efficient services
• Affordable premiums for easier budgeting
Step 04
Our products
• Educating our clients on funeral products
• Exceeding the expectations of clients
• A service provider adhering to regulations and standards of the industry
TERMS AND CONDITIONS
- The benefit will be provided in the form of a cash payment.
- You have a “cooling-off” period of thirty one (31) days after you receive the policy, during which you can cancel it if you are not satisfied.
- The minimum entry age for principal members is between 18 and 75 years, and for extended members, it is between 0 and 84 years.
- There is a waiting period of 6 full months for members and extended members due to natural causes from the policy’s Commencement Date. Accidental death is immediately covered provided the first premium has been paid in full. Suicide is not covered during the first 12 months from the Insured’s Entry Date.
- The first premium for all new policies must be paid; failure to do so will result in the policy not taking effect.
- This policy does not include a waiver of premium benefit.
- To be eligible for benefits under this policy, claims must be reported within 6 months after the insured individual’s death.
- Premium Variation: The premium will remain unchanged for the first 12 months from the policy’s commencement date, unless there are valid actuarial reasons to modify it. Any changes to the premium will be communicated to the policyholder with a 31-day notice period.
- Instances where coverage will not apply include:
- Intentionally self-inflicted injury, suicide or a suicide attempt (whether sane or insane) within the first 12 (twelve) months from the Entry Date;
- The Insured’s active participation in the commission of a criminal activity that results in a Claim Event;
- No payment will be made under this Policy if the Premiums remains unpaid after the expiry of the Grace Period or if the Insured has not complied with all the obligations and conditions of this Policy;
- Active participation by the Insured in war, invasion, acts of foreign enemies, hostilities, warlike operations (whether war is declared or not), civil war, rebellion, revolution, insurrection, civil commotion assuming the proportions of or amounting to an uprising.
- Attacks on or sabotage of facilities (including but not limited to nuclear power plants, reprocessing plants, final repository sites and research reactors) and storage depots which lead to the release of radioactivity or nuclear, biological, or chemical warfare agents, irrespective of whether any of the aforesaid has been performed with the specific use of information technology. If any portion of these Exclusions is found to be invalid or unenforceable, the remainder shall remain in full force and effect.
- Your policy commences once the insurer accepts the application and risk and the first premium is paid. It will remain in effect until one of the following events occurs:
- Failure to pay two consecutive premiums.
- The Principal Insured dies
- Cancellation of the policy by the Principal Insured or by the Insurer, subject to 31-day notice period.
- Complaints can be submitted to the Administrator, Ness Consulting, either by email at complaints@nessgroup.co.za or by telephone at 011 715 9700. If your complaint remains unresolved, you may escalate it to Guardrisk Life at contact number 0860333361. Alternatively, you can bring your concerns to the Ombudsman for Long Term Insurance on 0216575000.
NEED A BURIAL PLAN INSTEAD
Take a look at the AVK Serenity Burial Plan instead with premiums starting from as little as R150.00 per month.