What is a funeral cover administrator?
A funeral cover administrator supports brokers by managing their clients' funeral policies on their behalf.
Why is an administering company important?
In funeral insurance or funeral cover, administrating generally means managing or supervising the policy. This includes ensuring that claims are processed, premiums are collected, and benefits are paid according to the policy terms. An insurer or a third-party administrator may take care of these administrative duties, which can involve verifying claims, arranging payments to beneficiaries, and occasionally organizing funeral services if included in the plan.
Who administers Mukuru Funeral cover policies?
The policy is managed by Siyavika Risk Solutions and underwritten by Guardrisk Life Limited.