How long does Hollard take to pay out? That’s a question that we have been getting from a lot of Hollard customers. Hollard is one of the biggest insurance companies in South Africa. One of the reasons why they are so popular is because they pay out on claims fairly quickly and without too many hassles. You are here because you have lodged a claim. But how long does it take for a Hollard claim to be processed?
When will Hollard pay my claim?
The table below shows the expected payout periods for the various Hollard insurance products;
|Funeral cover||48 hours|
|Life insurance||14 working days|
|Pet insurance||14 working days|
Funeral cover is processed faster
That’s the answer to the question, how long does Hollard take to pay out. You will notice from the above that the company pays out fairly quickly when it comes to funeral insurance.
But why is that the case? It’s because funeral cover is meant to be used to help people out in the immediate times after a loved one has passed.
A funeral can be a costly affair. In fact, it can cost over a month’s salary to bury a loved one. So, there is need for insurance falling into this category to be processed quickly so people can avoid added hardships in trying times.
Meanwhile, other types of insurance are processed not as fast. You will have to wait at least weeks to receive your money. That’s assuming that all your paperwork is in order. If there are missing items, you may have to wait even longer.
In this article, we answered the question how long does Hollard take to pay out. It was noted that the amount of time that it takes for you to receive your money depends on the product that you have taken out with Hollard. For funeral related cover, you can expect to get your money fairly quickly. That’s assuming that you have everything in order. Otherwise you will have to wait longer.