Burial society as an alternative to funeral insurance in South Africa

Abstract

This study analysed how culture influences the importance of funeral insurance in traditional African communities and how the quality of a funeral is linked to showing respect for deceased elders. The literature reviewed also indicated how funeral cover from burial societies and funeral parlours has helped to regulate the divergence created by the traditional insurance sector by offering products customised to low-income families. Recommendations are submitted on alternative regulatory frameworks and governance requirements that could be considered to protect consumers participating in burial societies