Old Mutual Funeral cover

Funerals can be expensive. From the casket to catering, the cost can quickly become overwhelming, leaving families struggling to manage. Old Mutual Funeral Cover is designed to ease this burden. With a funeral policy, you pay a monthly premium, and when an insured person passes away, a lump sum is paid out. This payout helps with funeral costs, allowing your family to focus on honoring their loved one.

Benefits of Old Mutual Funeral Cover

  1. Comprehensive Coverage Options
    Old Mutual offers flexibility, allowing you to choose the right plan for your needs:
    • Me & My Direct Family: This covers you, your spouse/partner, and your biological, step, or legally adopted children.
    • My Parents & In-laws: You can cover up to four parents or in-laws.
    • My Extended Family: Coverage for up to 10 members of your extended family, including siblings, grandparents, aunts, and uncles.
  2. High Cover Amounts
    Old Mutual offers up to R100,000 in funeral cover. This ensures that regardless of the type of send-off you choose, financial assistance is available.
  3. No Medical Tests Required
    Getting approved for funeral cover is straightforward and hassle-free, with no medical tests required for approval.
  4. Premium Holiday for Up to 6 Months
    One unique feature of Old Mutual Funeral Cover is the premium holiday option. You can miss up to six monthly payments without losing your cover, ensuring that temporary financial difficulties don’t disrupt your policy.
  5. Immediate Cover for Accidental Death
    From the moment your policy is active, accidental death is covered, providing peace of mind in the event of sudden tragedies.
  6. Money Back Guarantee During the Waiting Period
    If a non-accidental death occurs within the six-month waiting period, Old Mutual will refund the premiums paid. This applies to deaths from causes other than accidents.

Premiums and Increases

Your premiums will increase annually on 1 July. However, your cover amount remains the same unless you choose to increase your premiums. If you opt not to increase them, your cover will decrease proportionally. Be sure to notify Old Mutual before the annual increase if you wish to avoid the automatic premium adjustment.

Flexible Policy Features

  1. Premium Holiday
    Old Mutual allows you to miss premiums without the risk of policy cancellation. You can take up to six premium holidays—either automatic or requested. An automatic premium holiday kicks in if you miss a premium and haven’t yet used your premium holidays. After paying six monthly premiums, you also qualify for a requested premium holiday, which requires you to notify Old Mutual in advance.
  2. Optional Add-ons
    Old Mutual provides several optional benefits for an additional cost:
    • Double Accidental Cover: This pays double the cover amount if an insured person dies in an accident.
    • Paid-up Benefit: Premium payments stop, but cover continues when the policyholder dies, turns 64, or becomes disabled.
    • Grocery & Education Benefits: Monthly payouts are provided to support families with groceries or education for 12 months after the policyholder or spouse passes away.

Entry Ages and Policy Eligibility

  • The policyholder must be between the ages of 18 and 65.
  • Children can be added as dependents if they are under 21 (or 26 if they are full-time students).
  • Parents, in-laws, and extended family members can be covered up to the age of 84.

What Happens If You Change Your Mind?

If you decide to cancel the policy within 31 days of receiving your contract and haven’t made a claim, Old Mutual will refund the premiums you’ve paid. After the 31-day period, cancellations won’t result in a refund of the premiums.

When Does Cover Stop?

Your Old Mutual Funeral Cover ends when:

  • You stop paying your premiums, and you no longer qualify for a premium holiday.
  • You cancel the policy.
  • The policyholder passes away.
  • All insured persons have passed away or are no longer eligible for cover.

How to Buy Old Mutual Funeral Cover

Old Mutual makes it easy to purchase funeral cover online. Whether you need cover for yourself, your parents, or your extended family, you can choose from different plans and buy directly through their website. Alternatively, if you have specific needs, such as adding multiple children, you can request a callback from a consultant.

Conclusion

Old Mutual Funeral Cover provides South Africans with reliable, flexible, and comprehensive funeral insurance options. With benefits like premium holidays, no medical tests, and cover for extended family members, it’s a valuable solution for anyone looking to ease the financial burden of funeral arrangements.

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Complete Guide to NSFAS Online Loan Application for South African Students (2025)

If you are a South African student looking to pursue higher education but are facing financial difficulties, the National Student Financial Aid Scheme (NSFAS) is one of the most accessible funding options available. NSFAS provides financial aid in the form of bursaries and loans to qualifying students at public universities and TVET colleges in South Africa.

This guide will walk you through everything you need to know about the NSFAS loan application process, from eligibility requirements to application steps and frequently asked questions.

📌 What is NSFAS?

The National Student Financial Aid Scheme (NSFAS) is a government-funded financial aid scheme aimed at helping students from low- and middle-income households to access tertiary education without the burden of upfront fees.

NSFAS offers both bursaries and income-contingent loans:

  • Bursaries: For eligible students who meet academic and household income criteria (especially for TVET and university students).
  • Loans: For students who do not meet all bursary criteria or who are pursuing postgraduate qualifications not funded under bursary schemes.

✅ Who Qualifies for an NSFAS Loan?

To qualify for an NSFAS loan (especially for postgraduate students or programs not funded under the bursary system), you must:

  • Be a South African citizen.
  • Be financially needy, with a household income of less than R350,000 per year.
  • Have a valid South African ID.
  • Be enrolled or accepted to study at a public university or TVET college.
  • Not be funded through another bursary program that covers all expenses.
  • Maintain satisfactory academic progress (returning students).

📚 Courses Funded by NSFAS

NSFAS primarily funds undergraduate qualifications, but certain postgraduate programs (e.g., PGCE, postgraduate diplomas in education, and professional courses like LLB) may be considered under the NSFAS loan scheme, not bursaries.

If you’re studying:

  • Undergraduate degree or diploma: You are likely eligible for a full NSFAS bursary.
  • Postgraduate study: You may qualify for a loan, depending on the course and funding availability.

📄 Required Documents for NSFAS Application

When applying, make sure you have the following documents scanned and ready:

  1. Certified copy of your South African ID or Smart Card.
  2. Parent(s) or guardian(s) ID documents.
  3. Proof of income (latest payslips, UIF, or affidavit if unemployed).
  4. Consent Form signed by your parent(s)/guardian(s) to allow NSFAS to verify income.
  5. Proof of registration or acceptance at a public institution.
  6. Academic transcripts (for continuing or postgraduate students).

🖥️ How to Apply for an NSFAS Loan Online

Step-by-Step NSFAS Online Application Process (2025)

  1. Visit the NSFAS Website

    Go to: https://www.nsfas.org.za

  2. Create an Account

    • Click on “MyNSFAS” and register your profile.
    • You’ll need a valid email address and South African cellphone number.
    • Choose a strong password and verify your account via email or SMS.

  3. Login and Start the Application

    • After registration, log in to your MyNSFAS account.
    • Click on “Apply” to begin a new application.

  4. Fill in Your Personal Details

    • Input your ID number, name, surname, and other details exactly as they appear on your ID.
    • Provide household income information and living arrangements.

  5. Upload Required Documents

    • Upload all supporting documents in PDF or JPEG format.
    • Each document must be clear and under the size limit specified.

  6. Submit Your Application

    • Review your application for accuracy.
    • Click “Submit” and wait for a confirmation message.

  7. Track Your Application

    • Log in regularly to check your application status.
    • You will be notified via SMS and email at each stage of the process.

🗓️ Important NSFAS Dates (2025)

  • Application Opening Date: September 1, 2025
  • Application Deadline: January 31, 2026
  • Appeals Period: February 2026 (if rejected)
  • Disbursement: After registration and approval

Note: Dates are subject to change; always confirm on the official NSFAS website.

💸 What Does the NSFAS Loan Cover?

NSFAS funding typically includes:

  • Tuition fees
  • Registration fees
  • Accommodation (if living away from home)
  • Meals and transport
  • Learning materials (e.g., textbooks)

For loans, repayment is only required once you start working and earn above a threshold (around R30,000 annually, but subject to change).

🔄 NSFAS Loan Repayment

Repayments are:

  • Income-contingent – you only repay when you can afford to.
  • Administered by DHET (Department of Higher Education and Training).
  • Interest-bearing, but interest rates are low and favorable.

You can also apply for a partial loan conversion to a bursary if you perform well academically.

🔁 How to Appeal a Rejected NSFAS Application

If your application is rejected, you may submit an appeal via your MyNSFAS portal:

  1. Log into your MyNSFAS account.
  2. Click on “Track Funding Progress”.
  3. If rejected, click on “Submit Appeal”.
  4. Upload any missing or corrected documents.
  5. Provide a clear explanation or motivation.

📱 NSFAS Contact Information

📝 Final Tips Before Applying

  • Apply early to avoid system overload near the deadline.
  • Use your own email and cellphone number (do not use someone else’s).
  • Double-check that all your documents are certified and legible.
  • Keep a copy of your submission confirmation for reference.

By following this guide, you can confidently apply for NSFAS funding and move one step closer to achieving your academic and career dreams—without the burden of immediate financial pressure.

 

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