GET­TING FU­NERAL COVER FOR YOUR STOKVEL

Move! Stokvel - - Advice -

Nakedi says AVBOB can of­fer a tai­lor-made group scheme cover with spe­cialised rates to each stokvel group.

She ex­plains, “Each stokvel group will be catered for dif­fer­ently, de­pend­ing on the size of the group and type of cover needed. The group must have a min­i­mum of 20 main mem­bers un­der the age of 65 to ben­e­fit from the group scheme cover.”

DOC­U­MENTS RE­QUIRED

When ap­ply­ing for a fu­neral cover, stokvels need to pro­vide the fol­low­ing doc­u­ments: ▀ Mem­bers' ba­sic in­for­ma­tion – in­clud­ing ID num­bers – and cover amounts they are re­quest­ing. ▀ A copy of the group’s con­sti­tu­tion. ▀ Each mem­ber will be re­quired to com­plete an ap­pli­ca­tion form pro­vided by AVBOB.

BEN­E­FITS OF THE COVER

Nakedi says the stan­dard cover for im­me­di­ate fam­ily mem­bers in­clude the fol­low­ing: ▀ A 15% dis­count on a fu­neral con­ducted by AVBOB for fam­ily mem­bers in­sured un­der the group scheme. ▀ Chil­dren un­der the age of 21 are cov­ered un­der the group scheme. Chil­dren over the age of 21 may be in­cluded as ex­tended fam­ily mem­bers. ▀ Mem­bers have the op­tion to in­clude a max­i­mum of two par­ents and two par­ents-in-law. ▀ All im­me­di­ate fam­ily mem­bers are cov­ered.

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