The last expense is an insurance cover designed to take care of funeral expenses.
|TYPE OF COVER||SUM ASSURED|
* Dependents are covered subject to the following age limits:
|TYPE OF MEMBER||AGE LIMIT IN YEARS|
|Principal Member||18 – 70|
|Spouse||18 – 70|
|Child||1 Month to 24 Years|
|Parent of Principal Member / Spouse||Age Limit 85 Years|
Policy Term – The policy shall be a one year renewable policy. There shall be no withdrawal or surrender benefit.
Claims Processing – In the event of a claim, it shall be processed within 48 hours of the insurer being notified and the necessary documentation submitted by the claimants.
* The premium rates are as summarised in the table below:
SPOUSE, CHILDREN (MAX. 4),
PARENTS (2), PARENTS OF
|1. Accidental deaths (family members)||Nil|
|2. Illness related deaths (Nuclear family)||1 Month|
|3. Illness related deaths (Parents, Parent In-laws)||3 Months|
Notification must be sent to KUSCCO Mutual Assurance Ltd immediately following the death of any member.
- Original burial permit
- Copy of ID/Birth Certificate of the deceased member
- Bank account details of the beneficiaries
CONFIRMATION OF INSURANCE COVER
Insurance cover shall only commence once our proposal form is completed and the premium paid