Old Mutual Funeral Cover — Quotes and Benefits
Old Mutual has been providing financial services to South Africans since 1845, making it one of the most trusted names in funeral cover. Old Mutual funeral cover pays out a tax-free lump sum within 48 hours of a valid claim — one of the fastest turnaround times in the industry. Premiums start from around R37 per month.
Cover is available for the main member, spouse, unlimited dependent children, up to four parents or parents-in-law, and up to ten extended family members including siblings, aunts, uncles and grandparents. Old Mutual also allows cover for parents over the age of 65, which is a significant advantage for South African professionals supporting elderly family members.
Funeral Cover Plans & Premiums
The following cover options are available for qualifying South Africans:
Single Cover
| Cover Amount | Monthly Premium |
|---|---|
| R10 000 | R70 |
| R20 000 | R95 |
| R30 000 | R120 |
Family Cover
Covers main member (18–65), partner (18–65), and children.
| Cover per member | Monthly Premium |
|---|---|
| R10 000 main & partner / R5 000 children | R80 |
| R20 000 main & partner / R10 000 children | R115 |
| R30 000 main & partner / R15 000 children | R150 |
Extended Family Cover
Add parents, in-laws and other family members aged 0–85.
| Age group | Cover options | Monthly from |
|---|---|---|
| Adult 0–65 | R3 000 – R15 000 | R22 |
| Adult 66–75 | R2 000 – R10 000 | R36 |
| Adult 76–85 | R2 000 – R10 000 | R50 |
Value-Added Benefits
- Emergency Medical Services
- Trauma & Assault Assistance
- HIV Prevention Cover
- Legal Assist
- Repatriation of remains
- Discounted Food Vouchers
How Old Mutual Compares
| Provider | Max Cover | From (pm) | Accidental Death | Payout |
|---|---|---|---|---|
| 1Life | R50 000 | R29 | Immediate | 24 hrs |
| Assupol | R100 000 | R70 | Double payout | 48 hrs |
| Avbob | R50 000 | R36 | Double payout | 48 hrs |
| Capitec | R100 000 | R25 | Immediate | 24 hrs |
| Clientele | R50 000 | R39 | Immediate | 24 hrs |
| Discovery | R50 000 | R60 | Immediate | 48 hrs |
| FNB | R50 000 | R49 | Double payout | 24 hrs |
| Hollard | R50 000 | R59 | Immediate | 48 hrs |
| Liberty Life | R50 000 | R55 | Immediate | 48 hrs |
| Metropolitan | R50 000 | R36 | Immediate | 4 hrs |
| Momentum | R50 000 | R49 | Double payout | 48 hrs |
| Old Mutual | R50 000 | R49 | Double payout | 48 hrs |
| Sanlam | R100 000 | R80 | Triple payout | 48 hrs |
| Standard Bank | R100 000 | R55 | Double payout | 48 hrs |
Premiums are indicative starting prices and subject to change. View full comparison »
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With Grace is a funeral cover and policy provider that gives South Africans information about a range of funeral related insurance products. We work with only the best funeral policy companies in South Africa to ensure you get the best plan and service. READ MORE
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