Funeral Expenses Insurance

Background

Planning for one’s own funeral or that of a loved one when that person is very well sounds a bit morbid, but death, the great leveller of mankind, is bound to happen and it is a well known fact that funeral expenses can be quite high in Sierra Leone.

 

Aim

Our Funeral Expenses policy is designed so that one can make financial provision against this inevitable contingency. On the death of the life assured during the period of coverage the company will pay the Sum Assured to meet Funeral Expenses.

This policy can be taken by Individuals for:
  • Themselves
  • Spouse
  • Parent
  • Parent-in-law
  • Siblings
  • Foster Parents
  • Grand Parents
  • Employers for employees
  • Social clubs
  • Organisations for its members,
  • Churches
  • Mutual societies
  • Mosques
  • Jamats
The policy has a maximum entry age of sixty five years for the life to be assured.
Level of Benefit Available
Policyholders decide on the level of cover they want. Premium due depends on the age of the life to be assured and the amount to be assured.
 
Increase of the Level of Benefit
This could be done to meet changing circumstances or inflationary trends at renewal of the policy only. Such an increase in the benefit attracts increase in premium.
 
Inception of Cover
The policy can start running after the payment of the first premium.
 
Duration of the Policy
It is renewable annually.
 
Claim Procedures
All claims should be reported at the Life Department of the Company, Second Floor, Kissy House, 54, Siaka Stevens Street, Freetown. The documents required are the policy document and death certificate.

Non-Payment of Policy Proceeds
Benefits due under the policy shall not be paid in any of the following circumstances:
  • The information you provided on the Proposal or Application Form was not correct
  • When the policy is in the Waiting Period Stage. That is Three months after the policy commenced or where the policy was not renewed on its anniversary date, three months after the policy was renewed. 
  • Non-payment of premiums.
  • Death due to an Excluded cover
Death of the Life Assured
Proceeds of the policy will be paid to the beneficiary nominated in the policy.