CellMed Health Medical Fund (CellMed) unveiled its new product offering the Funeral Cash Back Plan at a Breakfast launch event that was held at Cresta Lodge in Msasa on the 7th of November 2017. The event was attended by over 80 corporate companies.
The Fund offers a number of products to cover the medical needs of members and in an effort to enrich its product offering CellMed initially introduced a hospital cash back plan where members were able to get cash when they were admitted in hospital, but still there was a gap. In the event of a member’s death, there was the realization that there was need for further assistance. The Funeral Cash Back Plan was developed to fill that gap.
Benefits of the Cellmed Funeral Cash Back Plan
The Funeral Plan provides immediate cover for existing members regardless of cause of death.
By taking the Funeral cover, members can experience a sense of comfort knowing that their funeral expenses and that of their dependents are catered for.
Cash is paid out to the member directly. With cash in hand the member has the option to choose the preferred funeral service provider of choice or take care of other expenses associated with the funeral.
The CellMed Funeral Plan is significantly cheaper compared to members having their own individual arrangements.
Members are able to get a cash payout ranging from $1,000.00 to $5,000.00 in the event of a members death or that of their dependent. The product is open to all members of Cellmed, including dependents and in-laws. There is no waiting period for members that are already on the fund and have completed the 3month waiting period. New members joining the fund will be subjected to a 3month waiting period.