MTN South Africa has launched a new funeral cover called MyMTN Prepaid Funeral Khava – and South Africans can apply for plans via a WhatsApp number.
MyMTN Prepaid Funeral Khava insurance
Bradwin Roper, MTN South Africa’s Chief of Financial Services, said MyMTN Prepaid Funeral Khava “underscores the idea that insurance, particularly funeral coverage, need not be intricate or financially burdensome.”
“Our mission revolves around democratising insurance by making it affordable and easily accessible to all. Through the simplicity of premium payments via MTN MoMo, individuals and families can find reassurance in knowing that, in the unfortunate event of loss, funds will be available for funeral expenses, household obligations and even educational expenses,” he explained.
MTN MoMo customers can get coverage for either six or 12 months through one a one-time premium payment that starts from R75. Benefits go up to R20,000 under the MyLife Khava plan for individuals and R33,750 under the MyFamily Khava plan, which extends coverage to family members.
How to apply for MTN funeral cover via WhatsApp number
To apply for the new MTN funeral cover, simply WhatsApp “Khava” to the number 083 424 7365 and follow the prompts. Once you sign up, you will pay the one-time premium via MTN’s Mobile Money (MoMo) platform.
You will then receive coverage for the duration of your chosen plan (six or 12 months). This implies that at the end of the duration, you will need to renew the plan (if you choose to) by paying another premium.
MTN said the funeral cover is the first of a range of insurance products designed for the South African market under its Khava brand.
MTN and Sanlam jointly own aYo South Africa, whose new CEO is Julius Sikhuza. “This pioneering collaboration between MTN and aYo South Africa not only redefines the insurance domain, but also reflects a strategic step towards rendering essential financial services more inclusive and responsive to the needs of ordinary citizens,” Sikhuza said.