This is why it’s a good idea to invest in funeral cover to ensure your loved ones receive a dignified farewell and the rest of the family isn’t burdened with bills as well as arguments about who’s going to pay for them.

The cost of a funeral in South Africa

Just like the cost of everything else, funeral-related expenses are only going up. To give you an idea of the potential costs, let’s look at what funeral services companies are charging in 2024.

As a start, one of South Africa’s largest funeral service companies now charges between R18 500 and R22 000 for a basic grave burial or cremation service. Another popular funeral service company would charge R3000 for a grave burial during the week and R3600 on the weekend. (Yep, time is money.) They also offer a very basic cremation service for R25 000. This includes taking care of medical paperwork, transporting the body to their crematorium and returning the ashes to the family. All this, before you’ve even factored in how much it would cost to print a beautiful memorial pamphlet, book a venue to host guests and provide a little catering. 

MiWayLife offers two ways you can get funeral cover

When you buy life insurance from MiWayLife, you get to benefit from a 4-in-1 policy. For one low monthly premium, you’ll receive comprehensive life insurance, a terminal illness benefit and accelerated funeral cover PLUS funeral cover for your spouse as well as your wider family members that can all be covered as additional insured lives on your policy.

We also offer an affordable NEW stand-alone funeral policy, MiFuneral, that you can buy online with just a few clicks. You get to choose your cover amount and can choose to cover yourself, your immediate family, or even extended family members. This policy also includes family assistance with funeral arrangements as well as a repatriation service of mortal remains that’s immediately accessible. You can also opt for additional benefits like extra cover to meet other end-of-life expenses that can be paid out as a lump sum amount or as a short-term monthly income for your family. As MiFuneral policy prides itself on paying out fast, you can expect to be paid out within 48 hours of a successful claim.

The bottom line

When you consider what it costs to give your loved ones a meaningful farewell, it makes financial sense for every South African to have funeral cover. There are lots of places you could buy it from, but MiFuneral makes it easy to purchase the policy online. So, if you’re looking for ease and flexibility as well as premiums that suit your pocket, why not get a quick online quote today?

Did You Know:

You can now take out affordable funeral cover with us online in a few simple steps. No calls and no agents! Discover the digital way to enjoy full peace of mind by buying a MiFuneral Policy cover online.