Assupol Funeral Cover Waiting Period - 3 May

Assupol Funeral Cover Waiting Period - 3 May
Assupol Funeral Cover Waiting Period - 3 May

It is critical to understand the Assupol funeral cover waiting period terms if you have purchased the cover or even before purchasing the cover.

In this blog post, I'll go over the funeral cover waiting period with Assupol insurance company in depth.

Furthermore, I'll explain what the term "waiting period" means.

https://assupol.co.za/funeral-cover/face-to-face/

WHAT IS A WAITING PERIOD

The waiting period is the time between the start of your insurance policy and the time when the insurance company considers your claim.

After a certain amount of time has passed, you may file a claim for accidental death benefits.

For example, if your funeral coverage began on May 1, 2020, and there is a six-month waiting period for natural causes of death, natural cause claims will be valid only until October 31, 2020.

In this case, if you die naturally within the first six months, your claim will be null and void.

Read Also: Assupol Funeral Cover Quote, Assupol life cover - 1 May

ASSUPOL FUNERAL COVER WAITING PERIOD FOR NATURAL DEATH

There is a normal waiting period that most insurers in South Africa apply after purchasing the Assupol funeral policy, and it applies to new cover, although not always to new policies.

The waiting time for new Assupol funeral insurance is six months from the policy’s acceptance date.

If you’ve never had funeral insurance or been a member of a funeral policy before and you purchase coverage, it is considered new coverage because it is the first time you have been insured on a funeral policy.

A new policy could be the one mentioned above or a funeral policy from a different company.

It can arise if you terminate one insurer’s funeral coverage and replace it with another.

In this scenario, you have a new policy, but your coverage is not new because you had coverage on a previous policy.

There is a six-month waiting period for claims from natural causes if you have new cover – you are a first-time member on a funeral policy.

If you are a current member of a funeral policy and switch plans, this waiting period will not apply if you have previously finished the waiting period on your previous policy and the coverage you are purchasing is equivalent.

In addition, you must have been a member of previous insurance within the past 31 days.

There is no waiting period if the cause of death was accidental and you had Assupol funeral cover; there is full compensation of cover benefits.

Read: Assupol Funeral Cover Contact Details, Assupol contact number



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