Burial Insurance - a cash policy to protect in the event a burial is needed. This cash policy builds a cash value over time. Premiums to this type of insurance do not change, and this policy provides permanent coverage.
Debt - a sum of money that is owed or due (typically after a loan or borrowing money).
Interest - money paid regularly at a specific rate (ie 2%) for the use of money lent, or for delaying the repayment of a debt.
Credit - the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
Stokvels - a savings or investment society to which members regularly contribute an agreed amount and from which they receive a lump sum payment.
Download Full ListYour club account can be used for burial stokvels, birthday stokvels, saving stokvels, or whatever kind of stokvel you have! Your stokvel maintains the same decision making power, so you can keep your weekly meetings and stokvel discussions - ABSA just provides an added layer of security for your money.
Protect your family and extended family financially by ensuring your burial is taken care of. ABSA offers a certified insurance program that allows for flexible payments at local Pick'n'Pays or ABSA locations. Our policy is secure, so you have no need to purchase any other burial insurance policies.
To inspire entrepreneurship in township areas, ABSA has 12 Enterprise Centers and works with local high schools to create programs. Other entrepreneurs outside of these schools or the traditional education system can also go to ABSA Enterprise Centers to find out how to turn dreams into realities.
We have a group of locals here to support you! Everything interaction that is done online or in-app is supported by a real person. We are here for you.
We have meet-ups and workshops around South Africa each month! At the meetups, we talk about stokvels, insurance, saving, and how ABSA works. At the workshops, we discuss financial literacy and work through real-world examples and scenarios.
0860-008-600
