Instacash Funeral Cover Terms & Conditions
Home（https://www.instacash.co.sz/） Terms（https://www.instacash.co.sz/terms_conditions/） Instacash Funeral Cover Terms & Conditions
1. Policy Description
This benefit is designed to assist with the costs associated with funeral arrangements. The Funeral benefit pays out a lump sum in the event of the death of the Instacash clients, spouse, children or extended family Instacash clients (if applicable).
2. Insurer
The Insurer is Orchard Insurance Swaziland Limited, a registered Insurer that underwrites the Benefits under this Policy.
3. Life Assured
The person(s) who are eligible for cover under this plan will be all Instacash clients. The Life Assured shall be the person whose life is covered under the issued Policy, who is at least 18 (eighteen) years of age but not older than 70 (seventy) years as at Commencement Date for the Death and Funeral Benefit.
4. Sum Assured
The Sum Assured shall be the lump sum amounts payable on the occurrence of a risk event.
5. Cover Commencement Date
Cover for accidental death will commence on receipt of a fully completed application form and supporting documentation. For debit order or stop order payments, cover for natural death will commence on acceptance on the first day of the month following receipt of completed application forms. Waiting period for natural death will also commence on this date. For other forms of payments, cover for natural death will commence on the 1st of the month following the receipt of the first premium and completed application forms. The Waiting period for natural death will also commence on this date.
6. Cover
Cover refers to the Insured Person’s entitlement to a Benefit on the happening of the Insured Event.
7. BeneficiaryCover
Beneficiary shall mean the person, named at Policy inception as the person entitled to claim or receive the payment, in the event of the Life Assured’s Death. The Beneficiary must be named at policy inception for any Funeral Claims. For other risk event, the Beneficiary will be the Life Assured.
Funeral Benefit Specific Claim Requirements:
Benefit Specific completed Claim Form
Life Assured’s Identity Document
Statement of loan amount
Death certificate
Claimant’s Identity Document
Police reports
Specialist Medical reports (where applicable)
Proof of relationship
The Insurer reserves the right to call for any additional information reasonably necessary in order to assess and verify a claim.
8. Insured Events
The Insured Events covered by this Policy will be the Funeral Benefit.
9. Benefit (s)
The Policy covers the Life assured for the Funeral Benefit.
9.1 Funeral Benefit
Benefit Amount Main Member E 10,000
10. Maximum number of Policies
Each Life Assured may only be covered under one Policy.
11. Waiting Period
3 months waiting period applies to existing and new clients. Cover will only be provided for active accounts where all account fees are paid up to date. No cover will be supplied for accounts which are dormant for longer than thirty (30) days.
12. Premiums
No Premiums apply to this Policy. However, cover is subject to all underlying account fees and conditions being met.
13. Cover Cease Age
Cover Cease Age shall mean the age at which any Cover provided in terms of the Benefit/s shall cease. Cover will terminate upon non-payment of premiums and the death of the Instacash Client.
14. Maximum Entry Age
The Maximum Entry Age for the Funeral Benefit is age 70 (seventy) years.
15. Claim Requirements
Valid claims will be paid on receipt and verification of all the necessary supporting documentation. The Benefits provided in terms of this Policy will not be paid unless the Insurer is satisfied as to the validity of the claim and the entitlement of the claimant to receive the Benefits.
The following documents must be presented in order to lodge the Benefit specific claims: