Comparing funeral cover from Capitec and ABSA? In this guide, we break down pricing, benefits, waiting periods, and who each policy is best for.
Quick Summary: Which Funeral Cover Is Better?
Best for affordability: Capitec Funeral Cover
Best for comprehensive benefits: ABSA Funeral Cover
Both providers offer solid funeral cover options, but your choice depends on your budget and coverage needs.
Two of South Africa’s most trusted names compared on price, payout speed, and family benefits.
The WIGO Verdict (The Winner)
- Verdict Box: ⭐ WIGO Verdict: Capitec wins for Large Families, while Sanlam wins for Payout Speed.
- Reasoning: If you need to cover more than 20 people, Capitec’s 21-member limit and “Voluntary Pause” offer unmatched flexibility. However, if immediate cash flow is your priority, Sanlam’s 4-hour payout remains the industry gold standard.
The Comparison Table
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Features |
ABSA |
Capitec |
|---|---|---|
Benefit Breakdown (The USPs)
The “Flexibility” Battle
- Capitec: Offers the “Voluntary Pause.” You can stop paying for up to 6 months without your policy being cancelled. This is a massive safety net for those with fluctuating monthly incomes.
- Sanlam: Offers “Premium Holidays.” You can pause your policy for up to 12 months specifically if you become pregnant or unemployed, ensuring your cover stays intact during major life transitions.
The “Family Support” Battle
- Capitec: Includes a Newborn Waiver. You get 6 months of free cover for a new baby or an adopted child, plus an automatic Death Waiver that covers the rest of the family for 6 months if the main member passes away.
- Sanlam: Focuses on Personalized Advice. By working with a Sanlam adviser, you can customize your plan for over 20 family members and include features like annual inflation increases so your cover keeps its value over time.
Comparison FAQs
- Sanlam starts at R80 per month, while Capitec provides a personalized quote based on your specific profile. Generally, both are considered highly affordable for the middle-market.
2. Both providers offer waiting period waivers. If you have already completed a waiting period with another licensed insurer, they may waive the standard 6-month wait.
3. Capitec explicitly allows up to 21 members. Sanlam also allows for large families (20+), making both excellent for covering extended family networks.