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Funeral expenses
This English translation exclusively serves informational purposes. Solely the German version is binding.
Prompt payout in the event of death
Financial relief and a source of great support for your loved ones
Arrangements and repatriation costs in the event of death abroad
explained briefly
What is funeral expenses?
Funeral insurance is a form of financial provision in the event of death. If the insured person dies, their surviving relatives or beneficiaries receive a lump-sum payment to cover the costs of the funeral, including the service, as well as other related expenses.
Good to know
Frequently asked questions about funeral expenses insurance
Who is eligible to take out funeral expenses?
Anyone aged between 40 and 75 can take out funeral expenses insurance. Your state of health at the time of taking out the policy is irrelevant.
How much should the sum insured under funeral expenses insurance be?
You can choose the sum insured yourself, depending on the type of funeral you wish to have. For a cremation, a sum insured of €7,500 is usually sufficient. If you would like a traditional burial, the sum insured should cover at least €14,000. You should also consider whether the policy should cover the costs associated with a possible death abroad.
Is there a medical examination?
No, Allianz does not ask any health-related questions, which makes taking out funeral insurance much easier.
What is the difference between this and funeral insurance?
The terms ‘death benefit insurance’ and ‘funeral expenses insurance’ are synonyms; both are designed to cover funeral costs in the event of death and to provide financial relief for the bereaved.
What is the difference between funeral insurance and life insurance?
Funeral insurance is more affordable and is designed purely to cover funeral costs following a death. Life insurance usually offers higher sums insured and is intended to cover ongoing expenses such as loan repayments, thereby maintaining the standard of living of the bereaved, for example the children.
When does funeral expenses insurance come into effect?
Allianz’s funeral expenses insurance comes into effect after a three-year waiting period from the date the policy is taken out. In the event of accidental death, the waiting period does not apply and the sum insured is paid out immediately.
Who is responsible for paying for the funeral in Austria?
In Austria, the next of kin are responsible for covering the costs of the funeral. As a rule, the deceased person’s estate covers the funeral costs. If the costs exceed this amount, the next of kin pay the remaining balance from their own funds. A state-funded funeral is only available in exceptional cases.
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