Capitec Bank Funeral Cover

Capitec Bank Funeral Cover

The Capitec Funeral Plan, underwritten by Centriq Life Insurance Company Limited, is personalised according to your needs. You decide how much cover you need and we calculate your premiums. You can also choose a premium that fits your budget and we’ll calculate the cover – putting you in control of your money.


Ways to apply 

  • On our app for lower premiums 
  • Visit a branch

What makes our funeral plan unique?

One plan, more cover

Combination of high cover and number of lives insured.

Lower premiums

Use our banking app to get your funeral cover and pay lower premiums.


Cover up to 21 dependants

Get cover for one spouse and up to 4 parents, 8 children and 8 extended family members – all on one plan.

Personalise your plan

Only pay what you can afford. You tell us how many people you want to cover, and we calculate the premium. Alternatively, tell us what you can afford, and we calculate the cover.

No automatic annual premium increases  

We want you to be in control, with no surprises or decisions made without your knowledge. That’s why your premiums will never increase automatically – unless we provide you with at least 30 days’ written notice of our decision to increase your premium, or if you decide to make changes to your plan such as increasing your cover amounts or adding life assureds (subject to terms and conditions).

Simplified claims process

Visit a branch or simply claim through our 24hr Client Care Centre by emailing the relevant documentation.  More about our funeral claims process.


Waiting Period Waiver 

If you switch from a funeral policy with any other insurer and that policy’s waiting period is over, we’ll waive your waiting period for natural death for the same life assureds and related cover amounts as your previous policy. There’s no waiting period in the event of an accidental death. 

Double Accidental Death benefit  

From day one, the funeral payout is doubled if a life assured dies from unnatural causes. This is limited to the maximum cover amounts allowed for children, as prescribed by law.


Voluntary Policy Pause

Pause your plan for up to 6 months without any monthly premium payments and with no cover. You can restart your plan any time in the 6-month period to reactivate your cover and premium, and get the same full benefits of the plan. This benefit has an initial waiting period of 24 months, and can be applied for on an unlimited basis (subject to a further 24-month waiting period) over the term of the policy. 

Newborn Premium Waiver  

This benefit is Capitec’s way of celebrating with our clients. If you apply, you get full cover for up to 6 months without any monthly premium payments as soon as the policyholder or spouse (also a life assured) gives birth or adopts a child. 

This benefit has an initial waiting period of 12 months. It can be applied for on an unlimited basis (subject to further 12-month waiting periods) over the term of the policy. 

To claim this benefit, simply provide an unabridged birth certificate within 3 months of the birth or legal adoption.   

Burial Repatriation  

This benefit covers the transport of mortal remains of a life assured from within South Africa, Namibia, Zimbabwe, Botswana, Swaziland, Lesotho and Mozambique to the funeral home of choice closest to the place of burial in South Africa. 

It also includes transportation arrangements and overnight accommodation for one family member accompanying the remains. 

Death Premium Waiver  

If the policyholder dies 12 months after policy inception, the remaining life assureds on the funeral plan will continue to receive full cover for a further 6 months from the date of the policyholder’s death without any monthly premium payments, giving them time to reorganise their financial lives. The Death Premium Waiver is activated automatically upon the registration of the policyholder’s death. 

Maximum cover (you and up to 21 lives)

Life Assured CategoriesMaximum Cover
PolicyholderR100 000
Spouse (18 – 64 years)R100 000
Children (14 years and older) R60 000 each
Children (6 – 13 years)R30 000 each
Children (newborn – 5 years)R10 000 each
Parents (26 – 85 years)R50 000 each
Extended family (18 – 85 years)R50 000 each*

*Subject to child maximum cover amounts. 


Underwritten by Centriq Life, an authorised financial services provider (FSP 7370) (Reg. no.: 1943/016409/06), part of the Sanlam Group.