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Anushka Naidoo
16 Apr 2025
Group life vs. funeral cover: know the difference
Many employees confuse these two policies. Here’s the breakdown:
Group life cover
- Pays out 3–5x salary
- Covers natural & accidental death
- Beneficiaries can be anyone
Funeral cover
- Pays fixed amount (e.g., R50 000)
- Covers death + some funeral costs
- Usually restricted to family members
When to top up: If group life is insufficient for debts (e.g., a home loan), buy a separate policy.
Next steps
- Review your cover on the portal’s “My Policies” page.
- If you would like to discuss this in more detail, book your free 45-minute session with me today using the Contact button above.
Anushka Naidoo
BComm (Fin)