Rating based on 8 reviews

African Bank Funeral Cover

Updated
  • R100,000 Funeral Cover
  • Choose Cover Levels
  • Low Premiums
African Bank homepage
Author African Bank. Screenshot of African Bank website.
[Accessed June 30, 2023]

About African Bank

African Bank is a leading South African insurer and financial services provider, offering customers a range of financial solutions to suit their needs.

With a history dating back to 2014, African Bank has quickly become a well-known and respected name in the industry.

Benefits of choosing African Bank as your insurer

  • Comprehensive financial solutions to meet your needs
  • Competitive premiums for all financial services and products
  • Easy and convenient application process
  • Friendly and helpful customer service team
  • Quick turnaround time on claims

A success story for the ages 

African Bank was founded in 2014 as a financial services provider to the South African market. The bank was founded by a group of visionary entrepreneurs with extensive experience in the financial industry.

Since its inception, African Bank has become one of the most well-known and respected insurers and financial services providers in the country.

What African Bank offers: Financial solutions for everyone

African Bank offers a range of financial solutions to meet the needs of its customers. These include:

  • Personal loans
  • Credit cards
  • Savings accounts
  • Funeral cover
  • Consolidation loans
  • Car finance

Customer Service: Friendly and helpful support

The company's customer service team is friendly, knowledgeable, and always willing to help. You can expect prompt and efficient service from the team, ensuring a hassle-free experience.

Community Involvement: Giving back to South Africa

The company is involved in a number of initiatives aimed at uplifting communities and supporting those in need. These initiatives include education and skills development, community development, and environmental sustainability. 

In addition to its CSI initiatives, African Bank is also committed to providing its customers with a seamless and hassle-free banking experience.

With its range of convenient and easy-to-use online banking services, customers can manage their finances from the comfort of their own homes, and have access to a range of value-added services and benefits.

African Bank Services

African Bank's funeral cover is designed to provide financial support to families when they need it most.

With a range of cover options to choose from, you can select the plan that best suits your needs. To date, they’ve paid out over R5 million in claims.

Main features of African Bank's funeral cover

  • Breadwinners are covered up to R100,000 each for the main member and spouse
  • Cover up to R20,000 each for up to 8 children with family or single parent and child plans
  • Low premiums for cover up to R50,000 each for up to 8 extended family members
  • Big cover for your family starts with paying the first low premium
  • Quick and easy application process with coverage starting immediately after payment

Benefits of African Bank's funeral cover

  • Provides financial support to your loved ones during a difficult time
  • Affordable premiums to suit your budget
  • Quick and easy application process
  • Coverage for extended family members
  • Peace of mind knowing your family is protected

Up to R10k cover for the main member and their spouse

African Bank offers affordable funeral cover with a range of benefits that cater to different needs. With this plan, breadwinners are covered up to R100,000 each for the main member and spouse, and children up to the age of 21 can be added to the policy at no extra cost.

Added services that make a world of difference

In addition to providing financial support to the bereaved family, African Bank's funeral cover also offers access to emergency medical assistance, trauma counseling, and transportation of the deceased.

The company has partnered with reputable service providers to ensure that its customers receive prompt and reliable support during difficult times.

Keep your cover up-to-date and add and remove members easily

African Bank's funeral cover is available to South African citizens between the ages of 18 and 65. The plan has flexible payment options and can be purchased online, through the bank's mobile app, or by visiting a branch. 

You have the option to add or remove beneficiaries as your circumstances change, ensuring that your cover remains up-to-date and relevant.

Choose to pay monthly or per annum 

Additionally, African Bank's funeral cover allows for flexible premium payments, giving customers the choice to pay monthly or annually. This means that you can choose a payment option that best suits your financial situation.

African Bank – Funeral cover

  • Product Funeral Cover
  • Financial solutions
    A wide range of financial solutions to meet your diverse needs including personal loans, credit cards, savings accounts, funeral cover, consolidation loans, and car finance.
  • Competitive Premiums
    Competitive premiums for all its financial services and products allow you to access insurance coverage and financial solutions at a reasonable cost.

Benefits of African Bank

  • A quick turnaround time on claims allows you to receive the necessary funds promptly. 
  • African Bank's funeral cover and other insurance products provide you and your family with financial support during difficult times. 
  • Extends coverage to extended family members ensuring that a broader network of family members can benefit from the financial protection offered by the insurance policy.
  • Offers additional services that make a difference, such as emergency medical assistance, trauma counselling, and transportation of the deceased.

Applying for African Bank's funeral cover: Quick and easy

Applying for African Bank's funeral cover is quick and easy, and can be done in a number of ways.

Ways you can apply for funeral cover

  1. Online through African Bank's website
  2. In-branch at any African Bank branch
  3. By phone through African Bank's call centre

To apply for African Bank's funeral cover, you must meet the following eligibility requirements:

  • Be a South African citizen or permanent resident
  • Be between the ages of 18 and 65
  • Have a valid South African ID document
  • Have a bank account in your name

You’ll need to provide the following documents:

  • Your South African ID document
  • Proof of residence
  • Bank statement or proof of income 

Benefits of using African Bank Insurance

In addition to the benefits offered by their funeral cover, African Bank also offers a range of other insurance products, including car, home, and personal insurance.

With African Bank, customers can have peace of mind knowing that they are covered for a range of eventualities and that they have access to support and assistance whenever they need it. If they don’t pay out an approved claim within 24 hours, they will pay out double. 

African Bank is a leading financial services provider in South Africa, with a strong track record of providing its customers with reliable, affordable, and comprehensive insurance products.

Whether you're looking for funeral cover, car, home, or personal insurance, African Bank has you covered.

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African Bank is a trusted & reliable provider of funeral cover

In our review, we found African Bank to be a company licensed to provide funeral cover products and services, and is regulated under the Financial Sector Conduct Authority.

✅ African Bank is a registered and licensed insurance provider in South Africa: NCRCP 7638

African Bank Contact

Physical Address

  • 262 Voortrekker Rd, Shop No 24, Shoprite Park, Parow Cape Town Western Cape 7500 South Africa
  • Get Directions

Opening Hours

  • Monday 08:30 – 17:00
  • Tuesday 08:30 – 17:00
  • Wednesday 08:30 – 17:00
  • Thursday 08:30 – 17:00
  • Friday 08:30 – 17:00
  • Saturday 09:00 – 13:00
  • Sunday – Closed