Funeral Insurance | Funeral Cover | Funeral Policy | Bayportsa.com
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Bayport My Funeral Cover

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My Funeral Cover is an insurance product from Bayport for existing customers, underwritten by Guardrisk Life Limited FSP 76, that offers you and/or your family the means to give a loved one a dignified funeral without having to worry about the financial burden.


My Funeral Cover allows you to choose how much cover you want, the premium you can afford, and the family members you want the policy to cover.


PLUS great additional benefits:

  • Discounted airtime
  • Digital Shoprite and Checkers grocery and household coupons
  • Help with funeral arrangements
  • Discounts on funeral services
  • Access to healthcare professionals at a discount
  • Help to bring the main member’s body home
  • 6 months free cover for all other insured members in the event of the main member’s death

AND your family can get an extra pay-out every month, for 12 months, after the passing of the main member or spouse.

Choose the cover you want



My Funeral Cover

As the main member, you have to be between 18 and 65 years old, and a South African citizen.

My Funeral Cover amountR15,000R20,000R25,000R30,000R40,000R50,000
Monthly premiumR63R79R92R105R129R149
My Funeral Cover amountMonthly premium
R15,000R63
R20,000R79
R25,000R92
R30,000R105
R40,000R129
R50,000R149
My Spouse Cover

With My Spouse Cover, you and one spouse (or life partner) can take out cover.


Your spouse or partner has to be between 18 and 65 years old, and a South African citizen.


My Spouse Cover amountR15,000R20,000R25,000R30,000R40,000R50,000
Monthly premiumR93R119R139R159R199R239
My Spouse Cover amountMonthly premium
R15,000R93
R20,000R119
R25,000R139
R30,000R159
R40,000R199
R50,000R239
My Family Cover

With the My Family Cover option, you, one spouse and up to five children, younger than 21, can be covered.

To qualify for My Family Cover, your children or dependants must be younger than 21 and live in South Africa on a permanent basis. Once the children turn 21, they are no longer covered by the My Family Cover and would need to be added as an Extended Family Member.


Current legislation limits death benefits for children across all funeral policies which you may hold with Guardrisk to the following thresholds:

  • R10,000 for children up to six years old; and
  • R30,000 for children from six years to fourteen years old.

Legislation does not limit the death benefit for children older than fourteen years old, however, this policy applies the maximum total benefit of R30,000. The insurance cover for a stillborn child will be limited to R1,000, under this Policy.

My Family Cover amountMonthly premium
R106R15,000
R134R20,000
R156R25,000
R179R30,000
R224R40,000
R269R50,000
My Family Cover amountMonthly premium
R15,000R106
R20,000R134
R25,000R156
R30,000R179
R40,000R224
R50,000R269
My Extended Family Cover

With My Extended Family Cover, you can take out insurance for up to four family members who are younger than 75.

Under My Extended Family Cover, your nominated family members must live in South Africa on a permanent basis.

My Extended Family Cover amountR15,000R20,000R25,000R30,000
Monthly premium per extended family member (Age 0 – 21)R8R10R12R14
Monthly premium per extended family member (Age 22 – 40)R41R54R67R78
Monthly premium per extended family member (Age 41 – 60)R62R84R104R120
Monthly premium per extended family member (Age 61 – 75)R148R197R245R282
My Extended Family Cover amountR15,000R20,000
*Age 0 – 21R8R10
*Age 22 – 40R41R54
*Age 41 – 60R62R84
*Age 61 – 75R148R197
My Extended Family Cover amountR25,000R30,000
*Age 0 – 21R12R14
*Age 22 – 40R67R78
*Age 41 – 60R104R120
*Age 61 – 75R245R282

*Monthly premium per extended family member

My Monthly Provider

You can also sign up for the My Monthly Provider. My Monthly Provider is a plan Bayport offers as part of My Funeral Cover or as a standalone product to help families cope with day-to-day expenses after the death of the main member or spouse. With this plan, your beneficiary will receive a cash payment every month for 12 months after your death. You can choose to receive a total pay-out of between R18,000 and R48 ,000 for the 12 months. This is over and above the funeral cash pay-out when taking out this plan with the Bayport My Funeral Cover. When you take this plan out, the additional benefits are limited.

Example:

  • If you choose R18,000 cover, your beneficiary will receive R1,500 per month for 12 months.
  • If you choose R48,000 cover, your beneficiary will receive R4,000 per month for 12 months.

My Monthly Provider taken with My Funeral Cover

Lives CoveredAge RestrictionsR18,000R24,000R30,000R36,000R42,000R48,000
Main Member OnlyMain Member: 18 to 65 years oldR41R54R67R81R94R107
Main Member and SpouseMain Member: 18 to 65 years old
Spouse: 18 to 65 years old
R62R82R103R123R143R164

Main member only (Main member: 18 – 65 years old):

PremiumCover
R41R18,000
R54R24,000
R67R30,000
R81R36,000
R94R42,000
R107R48,000

Main member and spouse (Main member: 18 – 65 years old, Spouse: 18 – 65 years old):

PremiumCover
R62R18,000
R82R24,000
R103R30,000
R123R36,000
R143R42,000
R164R48,000

My Monthly Provider taken on it’s own

Lives CoveredAge RestrictionsR18,000R24,000R30,000R36,000R42,000R48,000
Main Member OnlyMain Member: 18 to 65 years oldR64R80R92R102R117R131
Main Member and SpouseMain Member: 18 to 65 years old
Spouse: 18 to 65 years old
R108R139R163R183R211R239

Main member only (Main member: 18 – 65 years old):

PremiumCover
R64R18,000
R80R24,000
R92R30,000
R102R36,000
R117R42,000
R131R48,000

Main member and spouse (Main member: 18 – 65 years old, Spouse: 18 – 65 years old):

PremiumCover
R108R18,000
R139R24,000
R163R30,000
R183R36,000
R211R42,000
R239R48,000

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