Litsemba Group Funeral Cover
Litsemba Group Funeral Cover is affordable in terms of premium and benefits.
Membership of the Scheme
To gain membership to the scheme you must open any savings account with the SBS to facilitate premium payments by Stop Order.
Maximum Age of Joining
The maximum age of joining is 64 years for principal members.
Waiting period:
- 3 months waiting period for principal members, 6 months waiting period for children, parents and parents in-law.
Benefits
- Benefits are limited to principal member, 1 spouse, and up to 6 unmarried children within the ages of 0 - 21 or up to the age of 25 years for children who are full-time students in a recognized academic institution.
- Benefits for parents and parents-in-law shall be: E3000 subject to an additional premium of E25.50 per parent (or parents-in-law).
Claims submission and processing
SBS is authorized by SRIC to settle claims on the same day provided the claimant produces the following original documentation in support of the claims:
- Death of principal member: - Confirmation of death letter, member’s death certificate, mortuary letter , Chiefdom letter, ID and birth certificate of claimant
- Death of spouse: - Death certificate and marriage certificate
- Death of child: - Death certificate and child’s birth certificate
- Death of parent: - Death certificate and member’s birth certificate
- Death of parent-in-law: - Death certificate, member’s marriage certificate and spouse’s birth certificate.
Vehicle, Motorcycles and Trailers
Comprehensive motor insurance covers loss or damage to the insured vehicle, motor cycle and trailer due to accident and also theft, fire and third party liability.
Personal Liability
This policy is designed to indemnify the insured or a member of his or her family living with the insured, for any legal liability they may incur. e.g. when a person is bitten by a dog
Personal lines insurance
The Swaziland Building Society is a registered corporate insurance agent for Swaziland Royal Insurance Corporatrion (SRIC) in term of the Insurance Act No.7 of 2005. The Society has an active insurance division that offers a variety of insurance products. Customer needs are our priority, the division diligently coordinates with the SRIC in handling customer applications and enquiries.
Rural & Urban housing insurance
It covers loss or damage to building against fire, lightning, explosion, earthquake, storms, wind, water, hail or snow, impact and falling objects, bursting of water tanks or pipes, theft or attempted theft.
Personal all risk insurance
Provides international cover within the territorial limits as stated in the policy. It covers items normally worn by a person such as handbags, briefcases, sporting equipment, watches, jewellery, photographic equipment, cell phones and other personal effect generally carried on the person.
Personal liability insurance
This policy is designed to indemnify the insured or a member of his or her family living with the insured, for any legal liability they may incur. e.g. when a person is bitten by a dog
Personal Lines Insurance policies
These are policies specially for individuals and not for businesse, They comprise of the motor, house, house contents, personal all risks, personal accident and personal liability insurance.
Private Motor, Motorcycle & Trailers Insurance
Comprehensive motor insurance covers loss or damage to the insured vehicle, motor cycle and trailer due to accident and also theft, fire and third party liability.
