When a loved one passes, a community carries the weight.
That’s why many stokvels in South Africa are choosing group funeral cover. This way, when the worst happens, no one has to face it alone or be unprepared.
In this blog, we look at why group funeral insurance is a smart choice for stokvels and burial societies. We also show how Meerkat makes it easy, affordable, and reliable.
What Is a Stokvel?
A stokvel is more than a savings club. It is a strong community of people who trust each other. They pool their money to help one another in times of need. From groceries to school fees, stokvels help thousands of South Africans manage their finances more effectively.
And when it comes to funerals, the need for support is even greater.
Why Funeral Costs Are a Growing Concern
Funerals in South Africa can cost anywhere between R10 000 and R30 000 or more, depending on cultural practices, travel, and catering. For families already under financial pressure, this cost can lead to stress, loans, and even debt.
For stokvel members, covering one another with group funeral insurance is a way to protect each other and preserve the dignity of a proper farewell.
The Top 5 Reasons Stokvels Choose Group Funeral Cover
1. It's More Affordable Than Individual Cover
When a stokvel buys funeral cover as a group, premiums are often lower per person than individual plans. It’s a smart way to get better value and ensure all members are protected.
2. It Covers the Whole Family
Group funeral plans can cover members, their spouses, children, parents and extended family membersunder one policy. This means your stokvel isn’t just protecting each other, but also each other’s families.
3. Fast and Reliable Payouts
With the right partner, valid claims can be paid out within 24 to 48 hours after receiving all documents. This means families can start making arrangements immediately without borrowing money.
4. It Strengthens the Stokvel
Offering group funeral cover shows members that your stokvel is thinking ahead and looking out for their well-being. It builds trust and loyalty, which keeps your group strong and united.
5. It’s Easy to Manage
With Meerkat, a nominated role-holder can submit claims and manage members online or via email. We offer simple onboarding, regular updates, and helpful support. This way, your stokvel can spend less time on admin tasks and more time helping each other.
How Meerkat Supports Stokvels and Burial Societies
We work with stokvels, burial societies, churches, and informal groups across South Africa. Our group funeral plan is designed to be:
- Affordable
- Flexible – choose cover amounts that suit your group’s needs
- Reliable – backed by OMART, underwritten by Old Mutual Alternative Risk Transfer
- Simple – quick onboarding and WhatsApp support
We have seen how strong it is when a community unites. They come together not just to save, but to protect each other in life and death.
Your Community Deserves Protection
When you are part of a stokvel or burial society, you know the power of people coming together. Group funeral cover is the next step. It ensures that every member of your group and their loved ones are looked after in their most difficult moments.
Want to learn more?
Let Meerkat help you protect your members today. Get a quote for your stokvel
FAQs
Q: How many members do we need to start a group plan?
A: You can start with as few as 15 members.
Q: Can we add members later?
A: Yes, you can easily add or remove members - our team will guide you through it.
Q: Who receives the payout when someone passes?
A: The payout is dispersed into the nominated group bank account.