What does policy lapse mean?
A “policy lapse” occurs when your insurance policy becomes inactive due to unpaid premium payments.
Why should I pay my funeral policy on time to avoid it from lapsing?
If you miss premium payments and your policy lapses, you will lose your insurance coverage and won't be able to file any claims. Additionally, there might be a waiting period before you can make claims again if you decide to rejoin. Without the policy, you might struggle financially to cover expenses that the policy would have assisted with.
Does the policy lapse when I do not pay?
All Mukuru Zimbabwe Funeral Plans have a grace period of 1 month for annual subscriptions and 15 days for all other subscription plans before the policy lapses