What It Covers
Funeral costs for up to 27 family members
Cash-back benefits every three years
Ownership transferability at age 50
Waiver of premiums at age 65
Lay The Groundwork For Tomorrow, Today
Boikanyo Funeral Plan
The Boikanyo Funeral Plan is designed to ease the financial burden following the loss of a loved one. Understanding the responsibilities that come with caring for an entire family, including extended members, Boikanyo offers coverage for up to 27 family members. With flexible cover options ranging from P10,000 to P400,000 for the principal life assured, you can customize your protection to meet your needs.
FAQ's
What does the Boikanyo Funeral Plan cover?
The plan covers funeral expenses for up to 27 family members, including cash-back benefits, premium waiver options, and ownership transferability.
Can I transfer ownership of the policy?
Yes, ownership can be transferred to another adult covered under the policy between ages 50 and 65, with no change in benefits or premiums.
What is the cash-back benefit?
You receive 5% of your total premiums paid every three years, as long as the policy remains active, even if you've made claims.
What happens if my policy lapses?
Lapsed policies can be reinstated within 12 months from the lapse date, ensuring continued coverage.
How does the premium waiver at 65 years work?
You can opt to pay an additional premium, and once you reach age 65, your premium payments will cease, but coverage for all lives under the policy will continue for life.
Benefits of the Cover
- Coverage for a large number of family members
- Customizable premium and benefit escalation options
- Continued coverage for life after age 65 with no premium payments
- Cash-back rewards and policy reinstatement options