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Meerkat

Updated
  • Competitive Premiums
  • Affordable Funeral Cover
  • Payout in 24 Hours
Meerkat homepage
Author Meerkat. Screenshot of Meerkat website.
[Accessed July 11, 2023]

About Meerkat

Meerkat Insurance offers a range of products to individuals and businesses. Founded in 2016, they’ve quickly established themselves as a popular and reliable insurance provider.

Meerkat Insurance offers simple, transparent and affordable insurance options that meet your specific needs.

A culture of caring

Meerkat operates from a culture of caring. They understand that insurance is not just about financial protection but also about giving support and assistance during challenging times.

They believe that empathy and understanding are vital components of their business, and they strive to build long-lasting relationships with their clients.

They take the time to listen to your needs and concerns and offer personalised solutions that meet your unique requirements. Meerkat is committed to providing excellent service and going the extra mile to ensure clients feel valued and supported.

Say hello to Moku - the top Meerkat!

Moku is passionate about finances and wants to inspire you to be too. He always has your best interests at heart.

He’s a family man and fiercely protective of his loved ones. Moku is all about building relationships and communities, and he's got your back at all times. Partnering with Moku will put you firmly on the road to financial prowess.

The inspiration behind the brand

David O'Brien, the founder and MD of Meerkat, established the company in 2016 after spending more than two decades developing products in a large insurance company. David's frustration with South Africa's low savings rate and restricted access to financial services led him to create Meerkat, which aims to "look out for you."

Reducing debt and boosting financial resilience for clients

Meerkat's core values are based on their enthusiasm for assisting clients in reducing their dependency on debt and developing financial resilience to handle emergencies.

The team is proud of their strong sense of belonging and respect for both their clients and themselves. They also prioritise integrity, development, and excellence in their products and services.

Meerkat Services

Meerkat is a brand-new insurance company that has just been introduced to the market.

It's designed to provide individuals and families with financial protection and support during those emotionally challenging times.

The cover offers a variety of benefits, such as a lump sum payout to cover funeral costs, access to grief counselling services, and assistance with funeral arrangements. Meerkat funeral cover aims to ease the burden of funeral expenses for those left behind, enabling families to grieve and heal without added financial stress.

How much cover can I get?

The amount of funeral cover will depend on the funeral policy you choose. Meerkat Insurers offer different levels of funeral cover, each with a specific sum assured. The sum assured is the amount that your beneficiaries will get upon your death.

Typically, Meerkat Insurers' funeral cover ranges from R5,000 up to a maximum of R50,000. Some policies may even offer a higher sum assured, depending on your age, health status, and the level of coverage you choose.

It's essential to consider your budget and the funeral expenses you anticipate to determine the appropriate sum assured you need.

When choosing a funeral policy with Meerkat, you should familiarise yourself with the terms and conditions - including the exclusions and waiting periods -to ensure that you are getting the right cover.

Benefits of partnering with Meerkat

  • Lump sum payout: Meerkat funeral cover provides a lump sum payout to cover the costs associated with a funeral.
  • Grief counselling services: The policy includes access to grief counselling services to help family members cope with the loss of a loved one.
  • Immediate cover: Meerkat offers immediate cover, which means that policyholders are covered from the moment their first premium is paid.
  • No medical exams required: The policy does not require policyholders to undergo any medical exams.
  • Additional benefits: Meerkat includes additional benefits such as repatriation of the remains, a grocery benefit, and transportation for family members to the funeral.
  • Meerkat funeral cover is a hassle-free product, from application right through to payout.
  • You only pay what you can afford, and can include up to 21 dependants on your policy.
  • Payouts are super-fast - within 24 hours of lodging your claim.

Meerkat – Funeral cover

  • Product Funeral Cover
  • Insurance Options
    Meerkat offers insurance options that are straightforward, easy to understand, and affordable, providing clear information about their coverage and premiums.
  • Improve Financial Well-being
    They strive to empower you to handle emergencies and improve your financial well-being. Meerkat's products and services prioritise integrity, development, and excellence.

Benefits of Meerkat

  • Provides a lump sum payout to cover the costs associated with a funeral. 
  • Meerkat's funeral cover includes access to grief counselling services. 
  • Offers immediate cover, meaning you’re protected from the moment your first premium is paid. The policy does not require you to undergo any medical examinations.
  • Includes additional benefits such as repatriation of remains, a grocery benefit, and transportation for family members to the funeral.

It’s simple to apply and even simpler to make a claim with Meerkat

  • Only people aged 18 to 65 qualify.
  • Acceptance age for children is 18 (eighteen) years up to age 23.
  • To qualify as an extended family member or parent, one must be between the ages of 18 and 75. It’s necessary to provide proof of age.
  • You must have a valid South African ID.
  • Premiums must be paid on time and in full to maintain cover.
  • A six-month waiting period applies for death due to natural causes.

Exclusions include death as a result of three causes

Meerkat has a number of exclusions for their policies, which are put in place to protect both the company and the policyholder. Firstly, any suicides within the first 24 months of taking out the policy are excluded.

Secondly, the policy does not cover any hazardous or illegal activities, which is a standard exclusion for most insurance companies. Finally, death as a result of pre-existing medical conditions are also excluded from Meerkat's policies.

The application process is hassle-free:

  1. Visit the Meerkat Insurance website and navigate to the funeral cover product page.
  2. Click on the "Get a Quote" or "Apply Now" button to start the application process.
  3. Fill out the online application form with your personal and contact details.
  4. Choose the level of cover you require and the payment frequency (monthly or annually).
  5. Review the policy details, including the premiums and benefits, and make sure you understand the terms and conditions.
  6. Submit the application form and wait for confirmation.
  7. Alternatively, you can also call the Meerkat customer service team to apply over the phone or to ask any questions you may have.

To make a claim on your Meerkat funeral policy

If you need to make a claim with Meerkat, you can reach out to them either by phone or email. You will need to provide your policy details and explain the context of the claim. The provider will then ask for specific documents to process your claim, such as a certified copy of the death certificate, proof of your relationship to the deceased, and any other documents required.

After receiving the necessary documents, Meerkat will review your claim and may contact you if they need any additional information. Once they have everything they need, your claim will be processed. If your claim is approved, Meerkat will facilitate the payout to your nominated beneficiaries.

It’s important to note that missing a premium can result in the termination of your policy. You’ll, however, get a grace period of one month to rectify the problem. Also, keep in mind that proof of the age of the policyholder will be required before the payout. Your premiums will be recalculated if the age of the policyholder is found to be incorrect.

Meerkat Contact

Physical Address

  • 203, Pine Park, 1 Logan Way Pinelands Cape Town 7450 South Africa
  • Get Directions

Opening Hours

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