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TymeBank Hollard Insurance Service Apply Online

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Organisation : TymeBank
Facility Name : Hollard Insurance Service Apply Online
Head Office : Johannesburg
Website : https://www.tymebank.co.za/personal-banking/services/hollard-insurance/

TymeBank Hollard Insurance Service

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.

Related / Similar Service : TymeBank EveryDay Personal Account Apply Online

General Information

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.

Eligibility

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

Pricing

  Package 1 Package 2 Package 3 Package 4 Package 5
Cover 10 000 15 000 25 000 35 000 50 000
Kids 25 000* 37 500* 50 000* 87 500* 100 000*
Grocery n/a 4500* 6000* 10 500* 15 000*
Monthly assistance n/a 9000* 12 000* 21 000* 30 000*
Airtime Yes Yes Yes Yes Yes
Partner 10 000 15 000 20 000 30 000 50 000
Max cover policy R45 000 R81 000 R108 000 R189 000 R245 000
From R93 R106 R114 R138 R162

Cover Details

4 Funeral plans to choose from
Individual Funeral Cover :
** Main insured person
** Cover from 10 000 up to ?50 000 and additional benefits paid out on death?

** Cover of R5 000 is included for a stillborn baby who is born to the main insured person.?
** Age from 18 to 79 eligible?
** Premiums payable for life

Partner Funeral Cover :
** Main insured person’s partner
** Can only be added (at an additional premium) if the Individual Funeral Benefit has been taken out?

** Cover amount is set equal to the Individual cover amount?
** Age from 18 to 79 eligible?
** Cover for the partner ceases when the policy ceases

Children Funeral Cover :
** Free cover for a maximum 5 children
** Cover amount is equal to 50% of the Individual Funeral Cover amount, subject to a maximum of R20 000?

** Entry age of 0 to 20 years
** Cover ceases on the earlier of the policy ceasing or on the 1st month after their 24th birthday.

Parents Funeral Cover :
** Main insured person’s parent(s)
** Can only be added (at an additional premium) if the Individual Funeral Benefit has been taken out?

** Cover Amount is set equal to the Individual Funeral Cover Amount, subject to a maximum of R20 000 at an additional premium per parent?
** Age from 18 to 79 eligible
** Cover for parents ceases when the policy ceases

Extra Benefits

Grocery Benefit  :
** Monthly benefit for 3 months in the event of the death of the main policyholder only.

** Monthly amount payable is equal to the average spend at PnP across all of the main insured’s TymeBank cards over the 3 calendar months prior to the death of the main insured .

** Limits are a minimum of 5% and a maximum of 10% of the Individual Funeral benefit amount.

Monthly Assistant Benefit :
** Monthly benefit for 3 months in the event of the death of the main policyholder only.

** Monthly amount payable is equal to the average deposits made over all of the main insured’s TymeBank accounts over the 3 calendar months prior to the death of the main insured.

** Limits are a minimum of 10% and a maximum of 20% of the Individual Funeral benefit amount.

Airtime Benefit :
** Get a R250 airtime voucher on the notification of every valid death claim*

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