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Funeral Plan

The passing away of a loved one in the family is a traumatic event. Not only is there the emotional grief to deal with, but often unforeseen funeral expenses as well. ubank’s Funeral Plan options give you the peace of mind that you or your family will have one less thing to worry about.

A Funeral Plan for You

  • For a small monthly payment, you or your family’s funeral arrangements are taken care of in the event of death
  • No limit on the number of children, plus up to four parents and nine relatives can be covered
  • No medical or HIV testing needed
  • Choose from the Classic or Premier option, depending on the type of cover you need
  • Specify the amount you wish to be covered for up to R18 000 for the Classic option or R30 000 for the Premier option
  • The Funeral Plan covers the funeral and related costs such as flowers, catering, etc.
  • You can also choose optional benefits for a tombstone or other extra expenses after the funeral, such as payment of accounts, groceries and other household expenses until the estate has been settled (Premier only)
  • Underwritten by Metropolitan Life
  • We pay out within 48 hours of getting all the right documents

To Apply You Will Need

  • To be younger than 65 years old

To Bring Along

  • A green bar-coded South African identity book if you are a permanent resident of South Africa (to qualify for member, family and extended cover); OR
  • Your passport if you are from Lesotho (to qualify for member, family and extended cover); OR
  • Your passport or green bar-coded South African identity book if you are a citizen from Botswana, Mozambique, Swaziland or Zimbabwe (to qualify for member only – no family member cover available)
  • Proof of physical address (not older than three months)

You are Covered

You decide who you want to cover.

Plan Name of plan Who can be covered
A Family Yourself, your life partner and/or your financially dependent children
B Member & life partner Yourself and your life partner
C Member & children Yourself, and/or your financially dependent children
D Member only Yourself only
E Parent Funeral Plan Parents and/or parents-in-law
F Extended Funeral Plan Relatives
G Funeral Services Benefits Yourself only

Plans A-F provide you with cover of between R3 000 and R30 000. Classic up to R18 000 and Premier up to R30 000

Plan G, which you can add optionally, provides you with cover between R5 000 and R30 000 – Premier only.

When Do You Qualify to Claim for a Payout?

Classic Plan

  • For members, their life partners, parents, parents-in-law, immediate and extended family you can claim after six premiums have been paid, six months after signing up
  • If the death is as a result of an accident, the claim can be made immediately

Premier Plan

  • For members, their life partners, immediate family, parents and parents-in-law you can claim after three premiums have been paid, three months after signing up
  • For extended family members you can claim after six premiums have been paid, six months after signing up
  • If the death is as a result of an accident, the claim can be made immediately

Additional Benefits for You

  • Paid up benefits. No further premiums will be payable if the contributing member dies, becomes disabled or retires
  • Accident benefit for Premier Plan only: If you, your life partner or children of 14 years or older* die in an accident, we will DOUBLE the payout

Family Assistance Benefits for Premier Plan Only: You Get Free Year-round Access to a 24 Hour Helpline that Can Help You With

  • Funeral assistance;
  • Legal issues;
  • Moving the body from one country or place to another; and
  • Emergency medical services.

* But younger than the retirement age chosen by you (age 60 or 65).

uBank Funeral Plans Leaflet

uBank Funeral Pricing Plan

uBank Classic Policy Terms

uBank Premier Policy Terms