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CASH & GROCERY VOUCHER
Family and Single Covers with cash payouts ranging from R3,000 to R30,000. The joining fee is R50.00 for all covers. We also have a grocery voucher on the covers. When you submit a claim we hand out a grocery voucher that is only redeemable at Bibi Cash and Carry Setsing store. The voucher will only be valid for 30 days after submitting a claim. The claimant will be given an option to redeem half of their total voucher amount right after submitting a claim and redeem the other half before the expiration of 30 days after claim submission. All grocery vouchers can be exchanged for cash when the claimant feels the need to do so.
The waiting period for deaths due to natural causes is 6 months from the start of cover while unnatural deaths are covered immediately.
If a member's cover stops (lapses) and the member applies to reinstate cover more than 2 months after the policy stopped, the terms and conditions will be the same as for new membership. The full terms and conditions applicable can be obtained from Sanlam Developing Markets or Megaphase Financial Services.
Bibi Funeral Scheme is a juristic representative of Megaphase Financial Services FSP No.: 45287 underwritten by Sanlam Developing Markets Limited FSP No.: 11231