In life, only one thing is absolutely inevitable – DEATH. Yes, death is an inevitable end that will come to us all when it should come. But, when it strikes close to us, are we prepared for the funeral expenses?
This Policy pays the death benefit (life cover) to the nominated beneficiary of the deceased in the event of death of the policy holder. It also pays the death benefit (life cover) of other nuclear family members who are covered under the policy.
When do we pay claims?
- Proof of Death
On the death of an assured member, the QFSP ensures prompt payment of the appropriate benefit upon receipt of death certificate, medical Report of Death or and other document satisfactory to the Company.
- What do we do at QLAC ?
We offer more than sympathy on the death of a loved one…The quality Funeral Support Plan (QFSP) is a guaranteed death benefit that ensures PROMPT PAYMENT of claims to beneficiaries the most convenient way to cover your funeral expenses.
- Peace of Mind
You have a choice. You can ensure that funeral expenses do not become a burden on the death of a loved one. The QFSP ensures that you have ready death benefits that cover your: Spouse – Children – Parents and Parents-In-Law.
Waiting Period
- The Waiting Period (six months) for all lives.
Death benefit is only payable within the waiting period if and only if death resulted from an accident.
Premiums & Claims Payment
Premiums are paid either monthly, quarterly, semi-annually or annually. No claims will be paid when the Policy is not in force or premiums are in arrears.
Age Limit
The QFSP has age limitations for lives covered. Any life assured must not be over:
60 years for the primary member/spouse
29 years old for unmarried children
75 years old for the parents and parents-in-law
Premium Affordability
Our premium for the QFSP is very affordable compared to the other similar funeral policies on the market.