Secure your family's future with family protect funeral cover

When someone close to you dies, your usapho needs time to grieve in peace – not worry about money.

Why get Family Protect funeral cover?

TymeBank has joined up with Hollard so you can get an easy and affordable funeral policy that gives your family a much-needed pay-out when they’re at their most vulnerable.

All you need is a TymeBank account to get cover for yourself. You then have the option to add:

  • Your spouse
  • Up to 5 of your children (at 50%​ up to R20 000 per child)
  • Up to 2 of your parents

The Family Protect funeral policy also comes with a lot of extras like getting help with paying for groceries for 3 months, a death benefit paid out for 3 months, getting 10% of your premiums back every 6 months and a R250 airtime voucher.

Underwritten by Hollard Life Assurance Company Limited (Reg No. 1993/001405/06), a Licensed Life Insurer and an authorised Financial Services Provider.

What you need to know

  • You must be a South African citizen or a permanent resident        
  • You must be between ages of 18 and 75        

4 Funeral plans to choose from

Individual Funeral Cover

If you’re the main insured person, this benefit pays a lump sum to your family when you die. This includes a R5 000 pay-out should you have a stillborn baby. (Only 1 stillbirth will be covered in any 12-month period.) The Individual Funeral Benefit premiums are payable for as long as you’re alive.

Partner Funeral Cover

If you have a funeral benefit you can also get cover for 1 partner or spouse (at an additional cost). Their cover amount will be the same as yours and the benefit pays out a lump sum when your partner dies. The cover for your partner ends when your policy ends.

Children Funeral Cover

When you take out an Individual Funeral Benefit for yourself, you will automatically get a Children’s Funeral Benefit mahala. The benefit pays a lump sum when one of your children dies. This benefit provides cover for a maximum of 5 children and if 1 of the 5 children should die, then another child can be added – as long as there are no more than 5 abantwana on the policy at any given time. Cover for children stops when your policy stops. The cover also ends on the 1st of the month following a child celebrating their 24th birthday.

Parents Funeral Cover

Give your abazali the funeral they deserve. If you have an Individual Funeral Benefit then you can take out cover for each parent at an extra cost per parent. A maximum of 2 parents can be covered on the policy at any time and the Parent Funeral benefit pays a lump sum when a parent dies. This cover amount is the same as your Individual Funeral Benefit cover amount – with a maximum of R20 000. Cover for your parents stops when the policy ceases.

How much you’re covered for

Funeral Cover AmountsMinimum CoverMaximum Cover
Children's (6 - 13 years)R10,000R50,000
Children's (Under 6 years)R10,000R20,000

See how much more you get

Frequently asked questions

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