CAN I CASH OUT MY MONEY BEFORE I MAKE A CLAIM?

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DIASPORA FUNERAL CASH PLAN (DFCP) is a unique insurance financial product that pays out cash upon the death of an insured life. Since it is structured as a pure protection policy that has no surrender value and is quite different from a savings account where you may draw down on your money deposited at any time. However, the only time you can get your premium refunded is when you cancel your policy during the first 30 days of your policy, also known as the cooling period.

As Diaspora Insurance, we provide pure protection insurance, which is based on the principle of aggregation, where the monies collected from all policyholders are used to support and settle claims as they arise. This also means that our clients receive month-to-month protection hence when you miss paying for your premiums it lapses with no surrender value.

Funeral cover is an insurance policy with a monthly premium (quarterly, half-yearly or yearly) paid by the policyholder. A single benefit amount is paid out when the policyholder (or a family member covered in the policy) dies, that is when a claim may arise. The amount paid out can be used towards expenses such as repatriation costs, cremation, coffin, catering, travelling, tombstone unveiling, transportation, food and videography, etc

At Diaspora Insurance, one of our main goals as a company is to ensure the deceased is honoured according to the wishes of his or her family. A funeral cover is significantly beneficial, especially considering the struggles that come with the desire to give a loved one a dignified send-off. We know how stressful and costly a funeral can be, and that is why, at Diaspora Insurance, we guarantee you peace of mind.

Diaspora Funeral Cash Plan includes multiple benefits including the following:

Dignified send-off: with our funeral plan, you and your loved ones are guaranteed to have the very best funeral money can offer, Diaspora Funeral Cash Plan provides protection without borders, even if you relocate or travel for holidays to a different country, you remain covered.

Peace of mind guaranteed: Organising funerals is a lot of work, especially considering the emotional burden that comes with it. Protecting your dignity and your family’s dignity is important. Thanks to our funeral plan, your family’s mind will be at ease, and they may focus solely on bidding you farewell instead of worrying about finances.

Celebrated life: In many cases, families have trouble burying their deceased family member due to lack of funds and they end up associating grief with the financial burden that comes with it. When you are covered, you and your family are protected against such burden and thus, instead of simply grieving your death, they also get to celebrate your life.

Guaranteed cash pay-out: Since it’s a no-medical policy, there is no medical underwriting. Meaning that immediate cash pay-out on a claim is guaranteed! This is the main goal for our clients. We believe cash pay-out eliminates a lot of financial stress in the event of bereavement as it gives you flexibility and versatility.

Bereaving and begging, never again! We find a lot of diasporans on the internet creating GoFundMe to beg strangers, family and friends for a dollar which might take time and is uncertain as people have life issues of their own. With Diaspora Funeral Cash Plan, you are ensured that when the time comes to say goodbye, your family will have some money towards funeral costs and may not need to go into debt as your immediate cash pay-out is guaranteed!

In conclusion, The Diaspora Funeral Cash Plan is designed for a specific purpose which is to pay out upon death to cover for immediate expenses that arise when death occurs and unless this specific condition is met, a claim is invalid, and no cash will be paid out to the policyholder.

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