AVBOB is Africa’s largest Mutual Assurance Society, providing one-stop funeral insurance and funeral services.
Do you know what it means to belong to a Mutual Society?
A Mutual Society does not have any external shareholders with whom company profits are shared. This means that the profits the society makes are given back to the members belonging to the society.
Over the past nine years, AVBOB has declared a total of R6.4 billion in special bonuses and enhanced FREE funeral benefits*. The recent declaration in July 2016 includes further enhanced FREE funeral benefits* and a special bonus, where we added 15% on the sum assured on the main life which, if needed, can be converted into a FREE six-month RETRENCHMENT BENEFIT*.
The current FREE funeral benefits* available to our policyholders who make use of our burial services include:
• A FREE basic funeral to the value of R9 600*
• FREE transportation of the deceased in South Africa*
• R1 000 cash up front for immediate expenses*
Benefits are available on policies two years and older. For policies younger than two years, a discount of up to R4 000 off the funeral applies.
* Terms and conditions apply.