Insurance Products

Funeral Cover

family funeral insurance cover

As a DirectAxis loans customer, you qualify for DirectAxis Funeral Cover, which means you can enjoy the peace of mind that comes with knowing your family is prepared for every eventuality. With a comprehensive funeral cover, your family will have the financial support to plan a dignified funeral for yourself or a family member who has passed on, without worrying about incurring debt in the process. For only a few Rands per day, you can take comfort in knowing that unexpected funeral costs are covered and will not add to your or your family’s burden during a time of mourning.

How are my monthly payments calculated?

Your monthly payments will be based on your age and the cash amount for which you’d like to be covered.

For example, a 30-year-old person with R50 000 funeral cover could pay R141.85 monthly, which is just under R5 per day.*

A 50-year-old who wants R30 000 cover, could have a monthly payment of R153.85, which is just a little over R5 per day.*

For a 42-year-old person and their 40-year-old partner, seeking R50 000 cover each, the payment could be R316.85 each month. This includes cover for up to five children, all of which would then cost approximately R10 per day for the family.*

*This is an indicative premium.

How do I pay my premiums each month?

We can arrange a monthly debit order. This is a convenient way for you to make your monthly payments and you’ll be covered for as long as your monthly payments are up to date.

If you would like more information about the DirectAxis Funeral Plan, please give us a call. Our friendly agents are waiting to help you.  

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Your direct connection to Financial Services. DirectAxis Personal Loans 108 De Waal Road, Diep River, 7800. FirstRand Bank Limited (reg no 1929/001225/06), an Authorised Financial Services and Registered Credit Provider (NCRCP20).  Direct Axis SA (Pty) Ltd, an Authorised Financial Services Provider (FSP7249 and 5)  © Copyright 2018 

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Loan repayment terms range from 24 to 72 months. The maximum interest rate with regards to a DirectAxis Personal Loan is 27.5% per annum (compounded monthly). Your rate and initiation fee will be determined according to your personal risk profile.
An illustrative example of a loan at an interest rate of 27.5% per annum would be: Loan amount R50 000 plus a once-off initiation fee of R1 207.50 and a monthly admin fee of R69.00, over 72 months.
The total cost of the loan will be R 110 013.57 which is a maximum Annual Percentage Rate (APR) of 30.76%.