AVBOB Insurance [2025 Update]
Informative profile about the AVBOB Insurance Company. Be educated about the AVBOB Insurance Company policies, claims, quotes, complaints, reviews, and contact number.
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AVBOB Insurance Contact Details
About AVBOB Insurance Company
AVBOB was established in Bloemfontein in 1921 and has since grown into a billion-rand Burial Society rendering services of the highest quality to the full spectrum of Society in Southern Africa.
As a Mutual Society, AVBOB is owned by its policyholders which to date exceeds 1.2 million.
AVBOB is Africa’s largest Mutual Assurance Society providing a one-stop funeral insurance and burial service solution.
As a Mutual Assurance Society, AVBOB does not have any external shareholders and their policyholders benefit directly from our successes. Why? Because belonging to a Mutual Society is like belonging to a family and in a family, people share with one another.
So, when we say our policyholders benefit, AVBOB mean it! Over and above the normal annual bonuses, AVBOB has over the past seven years allocated an incredible R 4,0 billion in special bonuses and enhanced FREE funeral benefits to more than 3,8 million lives assured with AVBOB.
The enhanced FREE funeral benefits for policyholders, when AVBOB does the funeral, include the following:
* A FREE basic funeral (burial or cremation) FREE transportation of the deceased within the borders of South Africa.
Types of AVBOB Insurance Products and Services:
AVBOB Insurance: Offers a comprehensive range of funeral policies, with special benefits for policyholders who make use of AVBOB Funeral Services for the burial of all lives covered under the policy.
AVBOB Funeral Services: Offers a one-stop, affordable funeral service through a countrywide network of professionally run funeral parlours.
AVBOB Industries: Based in Bloemfontein and Rustenburg, manufactures a quality range of coffins, wreaths, funeralware and tombstones for the funeral industry.
Policy terms and conditions
A waiting period of six months will be applicable to all lives assured in respect of death as a result of natural causes.
Maximum age at entry is 65 years next birthday.
In the case of accidental death (excluding suicide) of the main member, double the sum assured will be paid out.
Premiums will be revised on the policy anniversary as set out in the policy privileges, conditions and provisions.
Premiums will be paid until death of the main member.
Breadwinners Benefit (only applicable if the applicant pays his own premiums): Should the Life Insured die during the first 10 years of the premium paying term and a claim in respect of his/her life has been admitted, the policy, where applicable, will remain in force without further premium payment until the last Life Insured (including spouse, children, parents and parents-in-law, but excluding all members of the extended family) ceases to enjoy cover under the policy. The sum insured will be determined from time to time by the Actuary of AVBOB, but will not be less than 50% of the sum insured as at the time of death of the applicant. This benefit is only applicable if the applicant pays his/her own premiums.
This policy also accumulates value in the investment account, which offers a withdrawal option once every five years.
Policyholder’s benefits
An AVBOB policyholder who makes use of AVBOB’s burial service will receive the following FREE benefits:
A FREE basic funeral
FREE transportation of the deceased within the borders of South Africa. *These FREE funeral benefits are subject to certain terms and conditions and provided that AVBOB Funeral Service conducts the funeral of the life insured.