One of the most frequently asked question for people who want to take the Diaspora Funeral Cash Plan is “Can I cover my partner’s children although they are not my biological children?”
The answer to that is:
The Diaspora Funeral Cash plan allows you to cover yourself and your loved ones as long as there is insurable interest.
Insurable interest refers to you suffering a financial loss in the event of death of an individual.
To address the question, we also look at insuring children in general. The following categories of children are eligible for cover with Diaspora Funeral Cash Plan.
1. The natural child of a life assured, These are your biological children
2. A step child of a life assured, A stepchild is a child born to or legally adopted by your spouse before your
marriage whom you have not legally adopted
3.The legally adopted child of a life assured, or a child who has been legally taken by another family to be taken care of as
their own child:
Kids are covered from birth and they remain on the cover for the rest of their
life. Diaspora Insurance is delighted to inform you that you can also cover your
parents, in-laws, siblings, unties, and uncles back home.