Zazu Life offers accessible and affordable life insurance and funeral cover plans. As a licensed life insurer, the company provides customer-centric products designed to meet individual and family needs.
Funding
Funding not disclosed
Founders
Product
Problem
Many individuals and families struggle to find affordable and comprehensive funeral cover that adequately addresses their specific needs, especially in covering both immediate and extended family members. Traditional funeral plans often lack flexibility in payout options and may not provide immediate assistance for funeral arrangements.
Solution
Zazu Life provides accessible and customer-centric funeral cover plans designed to meet diverse individual and family needs, offering both immediate and extended family cover options. The company's Value Funeral Plans offer innovative Funeral Assistance Benefits and Umgodi Cash Pay-outs, providing benefits ranging from car hire and electricity to groceries. Zazu Life distinguishes itself by offering flexibility, allowing policyholders to swap benefits for cash, and ensures claims are processed quickly, with a significant percentage paid out within 24 working hours.
Target Audience
Zazu Life targets individuals and families seeking affordable and comprehensive funeral cover, as well as businesses looking to provide group funeral cover for their employees.
Features
- Immediate Family Plans covering the policyholder, spouse, and up to 6 children
- Extended Family Plans covering parents, in-laws, siblings, aunts, uncles, and other relatives up to age 85
- Value Funeral Plans with Funeral Assistance Benefits, including transport, grocery, meat, electricity, and airtime vouchers
- Umgodi Cash Benefit providing an additional cash payout for funeral expenses
- Option to swap Funeral Assistance Benefits for cash at the time of claim
- Double Accidental Death Benefit, providing 2x the payout for accidental deaths with no waiting period
- Waiver of Premium Benefit, offering continued cover for loved ones if the policyholder passes away
- ZAZU On-Hand value-added services, including repatriation, telephonic medical advice, and trauma counselling
- Group Funeral Cover options for businesses to provide cover for employees and their families
- Claims paid within 24 working hours upon receipt of all required documents