Funeral Scheme Cover

How to join the scheme?

By virtue of being a member of Sibonelo Savings and Credit Co-operative Society Ltd. (SACCO) you qualify to be a member.

Who Is Covered?

The member’s family is covered and by family, this scheme means 8 members being:

  1. Member’s spouse
  2. A maximum of six (6) children who are not above 21 years old. Children who are  aged 21 – 24 years but still pursuing their studies and they are fully dependent on parent(s) are covered. Mentally challenged children are covered for life.

Parent(s)/ In-laws and any other adult dependent may benefit but at an additional annual premium per individual.

Funeral Insurance with Sibonelo SACCO

Parents / In-laws and any other adult dependent benefit at an additional premium per individual. Maximum entry age for Parents and In-laws:

  • Parents – 73 years old
  • Extended family members – 84 years old

Currently, a premium of E72 / E97 per month is required in order to cover the member and his/her family. Parents and In-laws are covered at E60.00/parent monthly.

How Much Is needed for the cover?

Currently, a premium of E864.00/E1,164.00 per annum per member is required in order to cover the member and his/her family.

The scheme currently allows a member to join for extended family (incl. additional spouse and children – max 4 people)

How to pay?

Member and his/her family premium is payable in monthly installments of E72.00 through employer stop order or other payment facilities.  Parents’ and in-laws’ monthly installments are E60.00. Monthly premiums for dependants are in the following table.

(Monthly Rate Per Person)

When Does a member benefit?

For a new member who is joining for the first time, he/she can only benefit 180 days (6 months) after joining.

What are the benefits?

Funeral Claim

In the event of death, benefits are paid as follows:

Funeral ClaimBenefit
For a Member (E72.00 Premium)E44,000.00
For SpouseE34,000.00
For a Member (E97.00 Premium)E54,000.00
For a SpouseE44,000.00
For Children
14 to 24 years oldE23,000.00
6 - 13 years oldE13,000.00
1 to 5 years oldE7,500.00
Still Born (26 weeks)E3,050.00
For Dependents (Above 24 years)E20,000.00
For Parents/In LawsE20,000.00
Permanent DisabilityCovered for life

Double Accident Benefit

In the event of a principal member’s death due to an accident, death benefit is E64, 000.00.

documents needed for joining and claiming

The following certified copies are needed:

  1. Member’s birth certificate
  2. Spouse(s)’s birth certificates
  3. Marriage certificate
  4. Children’s birth certificates
  5. Personal Identity Cards (PIN)–Member and Nominee
  6. Police report in case of an accident
  7. Medical report
  8. Undertaker confirmation

NB: Members are advised to submit these documents at the time of joining or as soon as these documents are available in order to avoid delays and inconveniences when a claim is made.  These documents must be kept by Sibonelo office for record purposes.

To make a claim, the member or his relatives must bring a certified copy of death certificate(s).

  • Medical Report/Umphakatsi letter
  • Mortuary Confirmation Letter

Become A Member Today

Join our membership today and cut the chain of poverty.