Are you concerned about how your employees or members will pay for their funerals? Do you worry about the financial pressure they might face in the event of a death? Jasmur Insurance has a solution for you with our Funeral Expenses Insurance. Here’s what you need to know:
Funeral Expenses Insurance covers the cost of funeral expenses in the event of an employee’s death, allowing you to provide means of financing funeral expenses when a member passes away.
This policy helps avoid loss of working time to raise funds for the funeral expenses of a departed colleague and eliminates the need for contributions from the employer on the death of an employee.
By offering this benefit, you can retain satisfied staff and be seen as mindful and caring for important staff needs.
Premium paid by the employer is an allowable expense for tax purposes.
Waiting periods may apply for claims arising from death due to sickness, but there is no waiting period for death caused by an accident.
The limits of cover for a group will be set according to the preference of the policyholder subject to the maximum cover offered under group funeral.
Take the necessary steps today to ease the burden of funeral expenses for your employees or members. Contact us at Jasmur Insurance agency to learn how to get started.
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