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Monametsi Funeral Cover

Beyond Farewells, Ensuring Futures. (Ts and Cs apply)

Ensure peace of mind for you and your loved ones with our comprehensive Monametsi Funeral Cover plan.

This policy provides financial security, covering funeral expenses and offering additional benefits to help you focus on what matters most. By choosing Monametsi, you’re securing a reliable and compassionate support system for your family’s future.

What is covered?

Coverage includes financial support for the policyholder and their family members, ensuring that the financial burden of funeral costs is alleviated during difficult times.
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All-Cause Death

Upon the death of the Life insured from any cause, a lump sum assured as per the schedule will be paid.

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Accidental Death

Benefit pays a fixed monthly amount for a period of 12 months on the accidental death of the policyholder only.

Optional add-ons

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Life Cover

Lump sum on the death of the main life insured and, if applicable, partner will be paid. This benefit may only be available if the maximum Funeral Cover of P50,000 is selected.

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All-Cause Death Income

Fixed monthly amount for a fixed payment period on the death of the Main Life Insured and, if applicable, partner will be paid.

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Tombstone Cover

This benefit pays a lump sum on the death of the Main Life Insured and (if applicable) Partner 12 months after the death of the Insured Life.

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Family Provider

This benefit pays a fixed monthly amount for a fixed payment period on the death of the Main Life Insured and (if applicable) Partner. The customer will have the choice of the following payment periods: 12 months or 24 months.

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Monametsi Savings Rider

The benefit pays the total savings amount to the Main Life Insured either when the savings goal is attained or on the death of the Main Life.

Who is covered?

  • Yourself
  • Spouse
  • Children
  • Extended family

Age of entry

  • Minimum: 18 years (Member/spouse), 21 years for extended family member.
  • Maximum: 76 years old (member/spouse/parent/extended family).

Why choose Monametsi Funeral Cover?

Choosing Monametsi’s Funeral Cover means selecting a policy designed to provide extensive support during life’s most challenging moments.
Our focus on transparency and comprehensive coverage ensures you are well-informed and well-protected. With benefits like premium waivers and cash-back bonuses, Monametsi offers unmatched value and peace of mind.

Limits of cover

Maximum funeral benefit amount:

  • P50,000 for policyholder and partner
  • P30,000 for parent
  • P30,000 for extended family and children older than 6 years old
  • P2,000 for stillborn children
  • P30,000 for children older than 6 years old 

The maximum total benefit amount payable in one policy on life cover benefit and death income benefit is P200,000

The maximum total amount payable on all policies with life cover benefit and death income benefit is subject to P300,000 .

Waiting periods

Funeral:

  • Death and suicide: 6 months for the main member, spouse, child, parent
  • Death and suicide: 9 months for extended family members
  • Death of the insured as a result of pre-existing condition: 12 months 

Death income and life cover:

  • Suicide: 24 months
  • Death: 12 months
  • Death of the insured as a result of pre-existing condition: 24 months for conditions that existed in the 12 months before the commencement date 

Because family is life. Insuring you & everyone you love.