How much is Old Mutual funeral cover per month?

Expect roughly R60–R110 a month for R10,000 of single cover, and R320–R520 for R50,000 of family cover. Your actual premium depends on your age at entry, how many lives you add, and the ages of any parents you include.

What is the waiting period on Old Mutual funeral cover?

Six months for death from natural causes and twelve months for suicide. Accidental death is covered immediately once the first premium is received.

Can I cover my parents on an Old Mutual funeral policy?

Yes. Parents and parents-in-law can be added as extended family members, but they are priced on their own ages, so adding a parent in their seventies raises the premium sharply.

Is Old Mutual funeral cover the best in South Africa?

It is one of the most reliable, but not the cheapest. If price is your main concern, compare it against Capitec, AVBOB and Hollard on identical cover amounts before you sign.

Funeral Cover · Provider comparison

Old Mutual funeral cover: prices, waiting periods and how it compares

Old Mutual is South Africa's oldest large insurer and its funeral range is built around family cover — one policy that can carry a main member, spouse, children and extended family. It is rarely the cheapest per rand of cover, but the payout record and branch footprint are why millions of South Africans stay with it. Below is what you actually pay, how long you wait before a claim pays, and which policies beat it on price.

At a glance

Cover amounts commonly run from R10,000 to R100,000 per insured life.
Extended-family add-ons let you cover parents and in-laws on the same policy.
Claims are typically paid within 48 hours once all documents are submitted.
Premiums are age-rated at entry — joining older permanently raises what you pay.

Old Mutual funeral cover prices

Indicative South African market ranges. Your own quote depends on age, location and the exact cover you choose.

Cover	Typical premium	Notes
R10,000 single member	R60 – R110 / month	Cheapest entry point; age 18–45.
R30,000 family (4 lives)	R190 – R330 / month	Main member, spouse, two children.
R50,000 family	R320 – R520 / month	Most commonly bought tier.
R100,000 family + parents	R600 – R1,100 / month	Parents priced on their own ages.

Waiting periods and when cover starts

6 months' waiting on death from natural causes (standard across the SA market).
No waiting period for accidental death — cover starts once the first premium clears.
12 months on suicide.
Waiting periods can often be waived if you transfer an existing policy with proof of 6+ months' paid cover.

How to claim from Old Mutual

Notify Old Mutual within a reasonable period of the death — do not wait for the funeral to conclude.
Submit the certified death certificate (DHA-1663 / BI-1663), the deceased's ID, the claimant's ID and proof of banking.
Payout is made to the nominated beneficiary's bank account, generally within 48 hours of a complete claim.
Claims are commonly delayed by unsigned forms and uncertified copies — not by disputes.

Old Mutual pros and cons

What works well

Very strong solvency and a long claims-paying record.
Branch and adviser network across the country, useful if you don't want a call-centre-only insurer.
Extended family and parent cover on one policy.
Some plans add a cash-back or premium-holiday benefit after several claim-free years.

What to watch

Direct and bank-backed policies are often meaningfully cheaper for the same cover amount.
Age-rated premiums mean over-50 entrants pay a lot more per R10,000 of cover.
Add-on benefits (grocery, tombstone) can inflate the premium beyond what you need.

Alternatives to Old Mutual

Capitec funeral cover: Usually the cheapest large-brand option for straightforward single or family cover.
AVBOB: Adds a free funeral-service benefit if an AVBOB branch conducts the funeral — real cash value.
Hollard: Competitive on higher cover amounts and often quicker to underwrite online.

Compare Old Mutual against the rest of the market

One short form, quotes from multiple South African providers. Free, no obligation, POPIA compliant.

Compare funeral cover quotes

Old Mutual funeral cover: frequently asked questions

Other funeral cover providers compared

Capitec funeral coverPrices, waiting periods and alternatives AVBOB funeral coverPrices, waiting periods and alternatives Standard Bank funeral coverPrices, waiting periods and alternatives Sanlam funeral coverPrices, waiting periods and alternatives Hollard funeral coverPrices, waiting periods and alternatives Metropolitan funeral coverPrices, waiting periods and alternatives Clientèle funeral coverPrices, waiting periods and alternatives

CompareQuotes.co.za is an independent comparison service and is not affiliated with Old Mutual. Premium ranges are indicative South African market estimates for general guidance only and are not a quote or financial advice. Always confirm the benefits, exclusions and waiting periods in the provider's policy schedule.