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 amount R15,000 R20,000 R25,000 R30,000 R40,000 R50,000
Monthly premium R63 R79 R92 R105 R129 R149
My Funeral Cover amount Monthly premium
R15,000 R63
R20,000 R79
R25,000 R92
R30,000 R105
R40,000 R129
R50,000 R149
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 amount R15,000 R20,000 R25,000 R30,000 R40,000 R50,000
Monthly premium R93 R119 R139 R159 R199 R239
My Spouse Cover amount Monthly premium
R15,000 R93
R20,000 R119
R25,000 R139
R30,000 R159
R40,000 R199
R50,000 R239
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 amount Monthly premium
R106 R15,000
R134 R20,000
R156 R25,000
R179 R30,000
R224 R40,000
R269 R50,000
My Family Cover amount Monthly premium
R15,000 R106
R20,000 R134
R25,000 R156
R30,000 R179
R40,000 R224
R50,000 R269
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 amount R15,000 R20,000 R25,000 R30,000
Monthly premium per extended family member (Age 0 – 21) R8 R10 R12 R14
Monthly premium per extended family member (Age 22 – 40) R41 R54 R67 R78
Monthly premium per extended family member (Age 41 – 60) R62 R84 R104 R120
Monthly premium per extended family member (Age 61 – 75) R148 R197 R245 R282
My Extended Family Cover amount R15,000 R20,000
*Age 0 – 21 R8 R10
*Age 22 – 40 R41 R54
*Age 41 – 60 R62 R84
*Age 61 – 75 R148 R197
My Extended Family Cover amount R25,000 R30,000
*Age 0 – 21 R12 R14
*Age 22 – 40 R67 R78
*Age 41 – 60 R104 R120
*Age 61 – 75 R245 R282

*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 Covered Age Restrictions R18,000 R24,000 R30,000 R36,000 R42,000 R48,000
Main Member Only Main Member: 18 to 65 years old R41 R54 R67 R81 R94 R107
Main Member and Spouse Main Member: 18 to 65 years old
Spouse: 18 to 65 years old
R62 R82 R103 R123 R143 R164

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

Premium Cover
R41 R18,000
R54 R24,000
R67 R30,000
R81 R36,000
R94 R42,000
R107 R48,000

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

Premium Cover
R62 R18,000
R82 R24,000
R103 R30,000
R123 R36,000
R143 R42,000
R164 R48,000

My Monthly Provider taken on it’s own

Lives Covered Age Restrictions R18,000 R24,000 R30,000 R36,000 R42,000 R48,000
Main Member Only Main Member: 18 to 65 years old R64 R80 R92 R102 R117 R131
Main Member and Spouse Main Member: 18 to 65 years old
Spouse: 18 to 65 years old
R108 R139 R163 R183 R211 R239

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

Premium Cover
R64 R18,000
R80 R24,000
R92 R30,000
R102 R36,000
R117 R42,000
R131 R48,000

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

Premium Cover
R108 R18,000
R139 R24,000
R163 R30,000
R183 R36,000
R211 R42,000
R239 R48,000

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