Flexi Farewell Funeral Plan

The Flexi Farewell Plan is designed to provide financial relief in the event of death of any of the individuals covered by the policy. The policy covers the main life, spouse, children and extended family members. This product is underwritten by Prudential Life Assurance Zambia

Preferred and Private account holders
Minimum 18 years, maximum 60 years age next birthday for policyholder and spouse
Minimum 21 years, maximum 75 years age next birthday for extended family members
Minimum 1 year, maximum 31 years age next birthday for children

Death Benefit – Cover ranges from K20,000 to K100,000.
The policy can cover a maximum of 18 people including the main life, 1 spouse, 6 children and 10 extended family members.
Accidental Double Death Benefit – Double the selected Sum Assured becomes payable to the Beneficiary or appointed administrator of the policyholder. The policy automatically terminates in the event that the policyholder dies
No-Claim Cashback Benefit – 10% of premiums paid over a 5-year period will be paid back to the customer in the event of no claim
Hospitalization Benefit – Where the insured is hospitalized, up to 5% of the sum assured will be paid each year after being hospitalized for more than 3 nights.
Loyalty Benefit – In addition to death benefits, 5% of the sum assured is paid out for every five (5) years the policy has been in-force.
Waiver of Premiums – On death of the policyholder, the insurer pays premiums for the remainder of the policy term.
Return of Premiums – if death occurs from non-accidental causes during the waiting period, the insurer will return any premiums during the policy less policy fee. The policy will also be cancelled

Minimum term 10 years, Maximum 20
Waiting period of 6 months for payment of death benefits from natural causes
Lapsation – policy never lapses after initial waiting period of 6 months in which all premiums have been paid
No Surrender value is payable on the policy