Credit insurance update
Our credit insurance policies are moving from Guardrisk Life Limited to Capitec Life Limited once approved by the Prudential Authority.
Get funeral cover up to R100 000 and life cover for your family's needs, after the funeral. Or get affordable cover for our credit products.
Sign up for life cover that's personalised, affordable, accessible and simple to ensure your family's needs are taken care of after the funeral.
You decide which of your family needs you want to cover. You can choose between paying for your children's needs, a monthly income for 24 months, a lump sum or a combination of all 3 payout options.
Your premiums don’t automatically increase every year.
You can apply on our app or at over 800 branches, and you’ll know immediately if you’re covered.
Only a few questions, no medical tests and you’re covered immediately.
Life assured categories | Maximum cover |
---|---|
Policyholder | R100 000 |
Spouse (18 - 64 years) | R100 000 |
Children (newborn - 5 years) | R20 000 each |
Children (6 - 13 years) | R50 000 each |
Children (14 years and older) | R60 000 each |
Parents (26 - 85 years) | R50 000 each |
Extended family (0 - 5 years) | R20 000 each |
Extended family (6 - 85 years) | R50 000 each |
Policyholder | ||
---|---|---|
Maximum cover | ||
R100 000 | ||
Spouse (18 - 64 years) | ||
Maximum cover | ||
R100 000 | ||
Children (newborn - 5 years) | ||
Maximum cover | ||
R20 000 each | ||
Children (6 - 13 years) | ||
Maximum cover | ||
R50 000 each | ||
Children (14 years and older) | ||
Maximum cover | ||
R60 000 each | ||
Parents (26 - 85 years) | ||
Maximum cover | ||
R50 000 each | ||
Extended family (0 - 5 years) | ||
Maximum cover | ||
R20 000 each | ||
Extended family (6 - 85 years) | ||
Maximum cover | ||
R50 000 each |
The law limits how much we can pay out for a child’s death. We must follow these limits for all our policies and any other insurers’ policies we know about. If the child cover on your policy hits these limits, we will only pay out the maximum allowed amount showed in the table.
Let's look at some of the questions you may have about Capitec's funeral plan and how it can help ease financial burdens.
When the time comes, we want to provide our relatives with a respectful send-off that honours their culture and religious orientation.