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Embedded Funeral Cover

Have one less thing to worry about when grieving the loss of a loved one

What is our Embedded Funeral Cover Plan?

This Policy is embedded on the Absa Bank Zambia (“ABZ”) Retail Accounts across all Retail Segments (Premier and Prestige). On a valid death claim of the qualifying Accountholder, the policy will pay the applicable Sum Assured to the Accountholder’s nominated beneficiary or the magistrate’s nominated beneficiary.

Eligibility criteria

Limits on Ages

Accountholders need to meet the below age limits at product launch (or their respective account opening date if this is later):

  • Min age for cover at entry: 19 (Age next birthday) / 18 (Actual age).
  • There is no maximum entry age for cover.
  • There is no cover cease age.

Other Requirements

Qualifying Accountholders must satisfy the following:

  • Be an Accountholder in any of the agreed ABZ Retail Accounts (Premier and Prestige).
  • Must continue servicing the qualifying ABZ Retail Account on a monthly basis.
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