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BM Innovative Solutions is a Juristic Representative of BrokerBuddy Life (Pty) Ltd, an Authorised Financial Service Provider. FSP 47806 

BrokerBuddy Life (Pty) Ltd is an Authorised Financial Services Provider: FSP 47806, and a binder holder of King Price Life Insurance Limited (King Price Life), a licensed insurer in terms of the Insurance Act of, 2017, Registration Number 1948/029011/06 (Authorised FSP: No 47235). King Price Life underwrites the Funeral Cover, known as the Insured Benefit. 

The Added Benefits

  • Cover up to 23 people on one premium.
     

  • No Medical Tests

Cash is available within 48 hours.

*Subject to all documents being received by the insurer.

Accidental death cover for Motor Vehicle & Public Transport accidents.

Mental Health & Mediation Services

Save a life from suicide and assist people in their darkest moments - we provide professional help

Emergency Medical Services

Access to telephonic advice PLUS ambulance services (by air or road), including Emergency Pre-Arrival instructions provided by agents in case of an emergency.

Repatriation

Transportation of the deceased within the borders of SA and neighboring countries PLUS Bereavement Counselling PLUS 1-night accommodation to the value of R1000 is arranged and paid, for the family member accompanying the body.

*These benefits are provided by the Suppliers of the Binderholder and are not underwritten by the Insurer. These Benefits do not have a surrender value. 

Payment Options

Debit Order

Pay@

Pay@ is acceptable at any Money Market counters of Shoprite, Checkers, Checkers Hyper, Usave, House & Home, PeP Stores, Ackermans, SPAR, Pick n Pay, Boxer and many others.

Choose Cover
Amount!!

Cover Options

Entry Age
Single
Member & Children
Member & Spouse
Family
Extended
Commuter
0 - 17
R20.00
R18.00
18 - 39
R49.00
R59.00
R64.00
R74.00
R30.00
R18.00
40 - 49
R59.00
R69.00
R72.00
R82.00
R40.00
R18.00
50 - 59
R79.00
R89.00
R98.00
R104.00
R60.00
R18.00
60 - 69
R109.00
R129.00
R164.00
R174.00
R110.00
R18.00
70 - 74
R151.00
R164.00
R248.00
R259.00
R169.00
R18.00
75 - 79
R194.00
R239.00
R339.00
R359.00
R230.00
R18.00

For More Info!

BuddyCare Funeral Cover

Cover Payout & Restrictions

  • Cover amounts will be paid out to the nominated beneficiary.

  • Children Aged 6 - 13 Years: 50% of the cover amount to the main member, up to a max of R50 000.00

  • Children Aged 0 - 5 Years: 25% of the cover amount to the main member, up to a max of R20 000.00

  • Stillborn: 25% of the cover amount to the main member, up to a max of R20 000.00

  • The nominated Beneficiary has to be 18 years or older, unless a trust or any other legal entity was nominated by the Policyholder, and has a valid South African bank account 

Maximum Family Plan Members

  • 1 Main Member

  • 1 Spouse

  • 6 Children

  • 15 Extended Family Members are allowed, but each one will pay a separate premium based on their age.

Waiting Periods & Cover Start Date

  • Natural/Unnatural Death that is not an accident - 6 Months

  • Accidental Death - No waiting periods, provided the first premium has been received by the insurer

  • Suicide - 12 Months

  • The Cover Start Date is the first day of the calendar month following the date that the Premiums are received by the Insurer in respect of the Main Member for the first time. This is the date that the waiting period commences.

Family Plan Cost Calculation

  • The entry age which determines the premiums of a family plan will be determined by the oldest member covered under the family plan.

Payments & Non-Payment

  • Premiums are due in advance on the 1st of each month.

  • Should one premium not be received on the premium due date, which is the 1st of the month, such policy will be regarded as in arrears and, in case of a claim, the value of the outstanding premium will be deducted from the claim amount.

  • Should a second premium not be received on the subsequent premium due date, which is the 1st of the following month, such policy will lapse, and cover will cease after a grace period of 15 days in terms of Rule 15A.1(a) of the PPR. The effective lapse date will be the 15th of the second month.

  • The policy will be issued on receipt of your first premium. We will distribute your policy schedule and terms and conditions to you electronically via your preferred communication method, including how to claim.

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