Funeral Expense Insurance: Covering Final Costs

What is Funeral Insurance?

A small life insurance policy (₹1-5 lakhs) designed to cover:
✅ Burial/cremation costs
✅ Medical bills from final illness
✅ Outstanding small debts

Features

• Fast approval (no medical exam often)

• Quick payouts (24-72 hours)

• Affordable premiums (₹500-₹2,000/month)

Types

1. Pre-need Insurance (Paid directly to funeral homes)

2. Final Expense Insurance (Cash payout to family)

Who Needs It?

✔ Seniors without savings
✔ Low-income families
✔ Those without existing life insurance