Mon - Fri 08:00am - 05:00pm. Sat & Sun - CLOSED

info@baberekisaccos.co.bw

(+267) 316 2250

Voluntary Group Funeral Insurance

Home > Services > Funeral Scheme

Relationship Benefit Level
Member 20,000 30,000 40,000 50,000 60,000
Spouse 20,000 30,000 40,000 50,000 60,000
Number of Spouses 2 - - - -
Children 6 - - - -
Age 14 years and over 20,000 30,000 40,000 50,000 60,000
Age 6 - 13 years 10,000 15,000 20,000 25,000 30,000
Age 2 - 5 years 5,000 7,500 10,000 12,500 15,000
Age 0 - 1 year 2,500 3,750 5,000 6,250 7,500
Stillborn (up to 26 weeks) 2,500 3,750 5,000 5,000 5,000
Premium 26.84 40.27 53.69 67.12 80.52
Option 1 BWP 20,000.00 BWP 26.84
Option 2 BWP 30,000.00 BWP 40.27
Option 3 BWP 40,000.00 BWP 53.69
Option 4 BWP 50,000.00 BWP 67.12
Option 5 BWP 60,000.00 BWP 80.52
Cover Amount BWP 10,000.00 BWP 20,000.00 BWP 30,000.00
Premium Rate BWP 38.92 BWP 77.82 BWP 110.72
Maximum Individuals Covered 4
Maximum Cover Amount BWP 60,000.00
Maximum Age of Entry 75 years
Benefit Level 5000 10000 15000
Index Age Bands
1 0 - 30 years old 3.04 6.08 9.12
2 30 - 40 years old 8.11 16.22 24.34
3 40 - 50 years old 9.78 19.56 29.34
4 50 - 60 years old 12.05 24.10 36.13
5 60 - 65 years old 15.64 31.28 46.92
6 65 - 70 years old 18.28 36.54 54.82
7 70 - 75 years old 28.38 56.75 85.13
8 75 - 80 years old 39.74 79.50 119.24
9 80 - 85 years old 62.08 124.15 186.23
10 85 - 100 years old 109.32 218.65 327.97

Primary Insured Immediate Family Extended Family Parents/Parent-In-Law
Main Member Spouse Sibling Mother
Child Nephew Father
Niece Mother-In-Law
Cousin Father-In-Law
Aunt
Uncle
GrandChild
GrandParent
Great-GrandParent
Great-GrandChild
Child

GFS EXCLUSIONS


The funeral benefit claim will be declined If the insured persons death is attributable to:

  • Active participation in terrorist activities, warlike operations, civil war, or revolt which assumes the proportion of a widescale uprising.
  • The use of nuclear, biological, or chemical weapons, or any radioactive contamination arising from them.
  • Any attack on or sabotage of facilities and storage depots, that leads to the release of radioactivity or nuclear, biological, or chemical warfare agents

CLAIMS SUMMARY


  • Valid claims are paid within 24hours.
  • All required documents ought to be submitted for swift claim processing.
  • Claim documentation to be submitted within 12 months of the event.

NB: Families have complete freedom to how the benefit is used so they can remember their loved ones according to their own personal, religious and cultural preferences.


WAITING PERIODS & GENERAL INFORMATION


Main Member 6 months
Immediate Family 6 months
Parents/Parent-In-Law 6 months
Extended Family 6 months
Surrender Value Nil
Contract Termination Notification 30 days
Claim Notification Period 6 months
Claim Submission Period 12 months