AVBOB Premiums Explained

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AVBOB Premiums Explained

AVBOB funeral cover premiums are a topic we often get asked about for by people. On our website, we usually get clients requesting the premium structure. Some people think there is a set fee for everybody that takes out an AVBOB policy. Little be known that AVBOB premiums are calculated almost uniquely for each person on the policy. On this page, we will look at how it works.

How AVBOB Calculate Premiums

Firstly, AVBOB calculates premiums using the ages of the members. For example, the premiums will be more for a person who is 60, compared to an individual who is 20. Naturally, the risk will increase with age. As a result, it becomes more expensive to take out funeral cover the older you get. This increase is why we suggest you take out a policy before you get too old.

Secondly, the amount of cover will also determine how much a plan will cost. Some people require a policy worth R10 000, where others require up to R50 000. The higher the cover amount, the more it will cost. These are just some of the things we need to take into account.


Another crucial factor is the relationships and the number of people you want to cover. For example, it’s less expensive to include your spouse than what it is to add your parents. There are different brackets for each person you want to cover. Each person will also have their cover amount.

As you can see, AVBOB premiums are not as straightforward as you might think. Unique premium calculations is an industry standard for any great policy. A Funeral cover does not have any underwriting. What this means is you do not have to go for any medical examinations. The best way providers can make sure they calculate premiums correctly are to factor in all variables.

Fixed Policy Options

Some policies have a fixed price. In most cases, this is usually a minimal policy that will not cover you for a significant amount. In short, this is almost a prepaid option. For example, some prepaid policies will not allow you to add additional members. It’s cover for the main life only. Funeral cover providers do not try and make calculating premiums difficult. It’s a basic calculation. However, if you do not get some help, it might be a tough task. Complicated calculations are one of the reasons why we do not usually do funeral cover quotes over our chat service. We want to make sure we are as efficient as possible.

AVBOB Premiums Example

Let’s look at an example of how we calculate the premiums. It’s a medium sized family with some extended member it will look a little something like this.

The Husband is the applicant of the funeral plan, and each member will get R10 000.



As you may notice, AVBOB premiums are not the same for each person. They all have R10 000 cover, however, the premium changes. You might also see the second child is free. Above is just a simple example of the premium tables. We understand AVBOB premiums and how they calculate the cost. This understanding is one of the main reasons why we do not have a premium table on our website. Our consultants deal with this every day. They know how to structure a policy to get the best out of it.

To get your free AVBOB quote, please complete a basic contact form. We will phone you as soon as we can. We will explain everything to you in great detail. Go Back Home




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6 Responses

  1. Valerie De Bruyn
    July 19, 2019

    is there exclusions , from when are you covered?

  2. malerothodi anna maseloa
    August 27, 2019

    I am willing to get a funeral cover though I have plenty of questions I am a last born with no children again

  3. sibongo
    November 20, 2019

    quote for 20 to 30 thousand cover

  4. Louise
    February 6, 2020

    I would like funeral policy policy
    And do u guts have life insurance packages
    Please calle back
    061 ***
    Louise foster

  5. Ndoki Violet Nthako
    July 5, 2020

    I request to change the date of the debit order from the last day of the month to the 20th of every month for
    all the policies paid by me. ID no. 610607 0757 082

  6. Ntembeko
    August 21, 2020

    I would like to get a 1

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