Zimbabwe
South Africa
Botswana
Communities’ Funeral Plan
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This product was designed for and is offered to the low-end market in the rural and urban areas who wish to have their members covered. The premium is paid by individual members direct to Moonlight through cash, Eco-Cash or Swipe.
Salient features of the communities’ funeral plan
| FEATURE | DESCRIPTION |
| Maximum entry age: | Maximum entry age for policyholders is 65 age next birthday and 80 age next birthday for dependants |
| Children: | The principal member’s own children are covered for free up to the age of 18 or 23 if attending tertiary education. The maximum number of children covered for free is four. Any additional children are covered at an extra premium per life. |
| Medical underwriting: | None. |
| Premiums: | are reviewed intermittently to take into account past experience and the prevailing general commercial and economic environment. Members are notified of any changes relating to premium rates and benefits by SMSes. |
| Grocery allowance: | Payable upon the death of a covered life. The grocery allowance payable for children aged below the age 14 is a percentage of the amount payable to the policyholder as stated in the terms and conditions. |
| Waiting periods: | The waiting period for this product is 3 months. However, accidental death is covered if it occurs during the waiting period. |
| Grace Period: | A grace period of 2 months will be given if a premium is not received on the due date. If premiums are not received during the grace period, the policy will lapse once the grace period elapses. |