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Tailored for you!

Posted By Marilynh / December 5, 2016 / 7 Comments

Advertorial

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AVBOB is the largest Mutual Assurance Society in Africa, and provides specialist funeral insurance and burial services under one roof. The company was founded in 1918 and will be celebrating its Centenary year in 2018. A family orientated brand that is all about customer satisfaction and hassle free service.

AVBOB is family and we always ensure that family comes first, no matter what. AVBOB offers funeral related products and services under one roof, making it a “one-stop shop” for the consumers. The products and services on offer are tailor made to ensure that customers’ needs are taken care of. That means that we have something special for everyone, young and the not so young whom we hold very dear. We call them senior citizens and the group funeral insurance products for senior citizens and pensioners are tailored made for you if you are, let’s just say not so young anymore. These are part of our group scheme portfolio but can be by individuals.  They are specifically designed to cater for the needs of our senior citizens aged 60 years and older and only provide cover for one life insured making it more affordable. 

The policies for people living in old age homes and retirement villages are designed to provide funeral cover giving you the choice of paying premiums monthly or once-off. It is a single life policy for whole-life and the sum insured can vary from R2 000 to R4 000. Group funeral insurance for pensioners not living in an old age home or retirement village provides funeral cover with similar options in terms of monthly or once-off premiums and insured values of R8 000 or R10 000. Applicants further have the choice of adding of additional benefits which will increase the value of the policy in order to pay for things not ordinarily covered by the policy.

Being part of the AVBOB family has afforded clients a share in the successes we have had over the past nine years. A bonus declaration that was made during 2015 and allocated to policyholders from 1 July 2016 amounted to R1,0 billion which brought the aggregate of profits shared with policyholders over the past nine years to R6.5 billion. This of course was made possible by the fact that AVBOB is a mutual assurance society and we don’t have external shareholders who can demand dividends. We only have policyholders which enable us to enhance the value of their insurance policies at no extra cost to our policyholders.

AVBOB putting family first, Always!

 

 

AVBOB website – http://www.avbob.co.za/

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Comments

7 Comments

  • Cecilia Dorfling
    December 7, 2016 at 6:05 pm

    I got a funeral policy at age 21. Extended it for my whole family. At one stage we were informed it was fully paid-up and we need not pay anything more
    A few years ago I enquired about it just to be tols it does no longer exist!!!!
    AVBOB?? No!! I’m taking this further!! How can a legal policy no longer exist! We are all still alive at 71!

    • Marilynh
      December 13, 2016 at 3:32 pm

      Dear Cecilia

      Your query has been sent to AVBOB who will respond to directly to you.

      Kind regards
      Marilyn, YEI Editor

    • Mabore
      January 20, 2017 at 4:36 pm

      Good day Mrs Dorfling,

      Could you kindly send me your contact details on msefara@avbob.co.za. I shall direct your query to our complaints department in the meantime, but more information will be required to resolve your complaint.

      Kind regards,
      Mabore Sefara
      Communication Specialist: Public Relations
      AVBOB Mutual Assurance Society

  • Harry During
    December 7, 2016 at 7:38 pm

    I am the holder of policy 907672 starting date Aug 1970. It is a funeral policy and was paid up on Jan 1985.What is the current value of this policy please and should i be thinking of taking out additional cover (at my age can i still get cover ?

    • Marilynh
      December 13, 2016 at 3:32 pm

      Dear Harry

      Your query has been sent to AVBOB who will respond to directly to you.

      Kind regards
      Marilyn, YEI Editor

  • Doug
    January 11, 2017 at 12:55 pm

    Maybe one should see the replies from Avbob now that these two instances have been brought to the attention of the Group.
    Private replies defeat the purpose of us Senior Citizens thinking of taking out a funeral policy.
    Also no rates have been given in the article.
    Avbob needs to put all the cards on the table so that anyone of us reading the blog can get a better idea if we are being cheated or is Avbob being truthful and upfront.
    What is this once off policy….is ot safe…….will our money in fact be secure….what does the once off amount entail…..the write-up from Avbob is far too glib.

  • Mabore
    January 20, 2017 at 4:31 pm

    Good day,

    Thank you for your comments and interest shown in AVBOB products and services.

    If you would like any further information regarding any products or have any comments/complaints, please feel free to send me an email at msefara@avbob.co.za.

    Kind regards,
    Mabore Sefara
    Communication Specialist: Public Relations
    AVBOB Mutual Assurance Society

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