in marriage or customary union recognised by the laws of South Africa; or, in a union recognised as a marriage in keeping with the principles of any faith; or, in a same-sex or heterosexual union that is planned to be permanent. Increase my payments annually. Should the policy not be ceded and subject to the provisions of paragraph 1. above, all benefits in terms of this policy will be payable to the policyholder. Insured Amount The amount payable by AVBOB when death occurs. Any arrear premiums in excess of six (6) premiums should be paid before the parent will be reinstated. AVBOB Insurance offers a comprehensive range of policies to meet the wide ranging needs in the funeral market. NOTE: The insured amount and premium in respect of the benefit will increase yearly on the policy anniversary at the same rate applicable to the basic policy. Second spouses have to be covered under the Extended Family Benefit. AVBOB offers the entire spectrum of funeral services via an extensive national infrastructure consisting of more than 160 funeral agencies, 95 insurance offices and a manufacturing plant.Almost a century later AVBOB continues to make affordable insurance available so that people – from the richest to the poorest – have access to a dignified send off when their time comes. This is just some of the free benefits listed on your AVBOB policy plan. AVBOB employs the services of a large number of representatives and brokers who are highly trained to assist prospective and existing clients with making the best policy choices to suit their needs. All payments of benefits to be made in terms of this policy shall be made in the currency of the Republic of South Africa. I faxed them a written instruction that they should cancel my policy. If the proceeds of the claim are less than the amount of cashback owed, then the balance will be deducted from the next claim against the policy or the next cashback payment, whichever is applicable. Provided you did not claim during this period. Therefore, it is important to familiarise yourself with the terms and conditions of the policy and ensure that all insured persons are covered in line with the policy. Compare pay for popular roles and read about the team’s work-life balance. Whether you are 18 or 80 (age next birthday), AVBOB has a whole-life insurance policy for you. Maximum age of the insured person(s) on the start date of the policy is 65 years (age next birthday). Conclusion. They are one of the most trusted burial insurance providers in South Africa. The natural parent(s), stepparent(s) or foster parent(s) of the main insured person and/or the natural parent(s), stepparent(s) or foster parent(s) of the spouse of the main insured person as stated in the Schedule of the policy. Maximum insured amount granted on the start of the policy is R30 000-00 per insured person and cannot exceed the insured amount of the basic policy. Additions/Deletions I have a policy with Avbob since 2010 and I have been paying my premiums every month, so recently I decided that i no longer need this policy as I can no longer afford it. AVBOB is an amazing policy with a lot of great benefits. Funerals are … Any debt on the policy will be deducted from the proceeds of the cashback benefit. Informieren Sie sich über Rückerstattungen und andere Fragen zur Kündigung. AVBOB funeral cover offers many significant benefits. Maximum age of the insured person(s) on the start of the policy is 80 years (age next birthday). the accident occurs after the start date of the policy; the policy is in force for the full insured amount; the death occurs within ninety (90) days of the accident. Our friendly and knowledgeable agents will help you with selecting the best funeral policy for you and your family. Should a parent be removed from the policy while still alive, all premiums paid for that parent will be forfeited to AVBOB. This cashback payment will only be paid to the policyholder on the policy. Insured Amount. AVBOB CASH BACK FUNERAL -GET THE VALUE FOR YOUR MONEY. Should it be found that an insured person was too old to be covered under the policy when the policy was applied for, the insured person will be removed from the policy and all premiums paid in respect of that insured person will be refunded to the policyholder. The start date of the insured person will also remain unchanged. AVBOB is an authorised financial service provider. If a death occurred before the cashback payment, but the claim is only submitted after the cashback has been paid, the cashback amount will be deducted from the proceeds of the claim. For premium payment options during lockdown. All premiums payable during the 5-yearly cycle must be paid and the full 5-year cycle (60 months) expired. Any person who is covered by this policy and whose full names appear in the policy schedule. if an insured person was added during year 3 of the policy, the premium payable for this person will only be considered as part of the cashback calculation in year 10 and thereafter. If you use them to arrange the funeral, you can get up to R16 000* in free membership benefits. year will be paid back. Cashback Funeral Policy Privileges, Conditions and Provisions, For J18 Policies where the Applicant and Insured are the same person, 1. This amount is payable monthly in advance and must be paid every month for cover to be provided. Find out what works well at AVBOB from the people who know best. However: If the main insured person dies as a result of any bodily injury caused by accidental, violent, external and visible means (excluding suicide).