AVBOB provides:
- Funeral cover for the whole family
- Savings plans
- Group funeral insurance for
- Informal groups
- Formal groups
From as little as R25-00 per month you can obtain cover for:
- Applicant and spouse can enjoy lifelong cover up to a sum assured of
R20 000-00.
- Waiting period of 6 months for death as a result from natural causes.
- Applicant must be economically active.
Children enjoy cover up to the age of 20 years (25 if full time students) with a sum of assured of
R500-00 to R5 000-00 cover depending on the age at death.
Parents enjoy lifelong cover from R1 000-00 to R5 000-00 and can be covered up to the age of
75 years.
Up to 6 extended family members can enjoy cover from R1 000-00 to R5 000-00 up to the age of 75 years.
Waiting period of six months for death as a result of natural causes.
The additional benefits, which will be included in the basic policy, will attract no additional premiums.
Disability: The applicants should be permanently disabled for any occupation for at least 6 months, the policy must still be in force and the applicants younger than 60 years.
Death: Premiums will be paid up and cover continues until the last life assured ceases to enjoy cover (excluding extended family).
Death as result of an accident: Double the sum assured will be paid.
After 3 years of premium payment the policy can be made paid up for a reduced sum assured.
When a policy is made paid up all benefits (excluding parents) will cease.
If a policy is surrendered, the surrender value will be paid out and the policy will cease.
It is never to the advantage of the policyholder as all unrecouped costs are then recovered.
After 3 years a policy acquires surrender value which can be used as security for a loan.
Loan value is 75% of surrender value.
- This policy is a form of saving for a reason.
- Five products available at a minimum premium of R50-00 per month.
- Educational Provider
- Capital Provider
- Savings Plan
- Savings plan for a specific company
- The policies do not provide life cover
- Term is always 10 years
- Cash withdrawals can be made after 5 years (Tax Free)
- Loan can be made after 2 years
Normal Services provided by AVBOB
- Transportation of deceased to our modern, hygienic mortuary (30km radius).
- Preparations of deceased.
- Obtaining of medical certificate
- Funeral arrangements in our office or at home
- Tombstones can be erected on the day of the funeral if the client so wishes.
AVBOB also provides additional free funeral services to policyholders such as:
- Nameplates on coffin
- Removal fee
- Using of cooling facilities
- Registration of death
WE ARE THERE WHEN YOU NEED
US MOST