Indeed it is forced savings but with the benefit of covering your funeral expenditure if it is required suddenly and unexpectedly. For context, it might cost y

Indeed it is forced savings but with the benefit of covering your funeral expenditure if it is required suddenly and unexpectedly. For context, it might cost you $5 per month, and give you funeral cover of $500. As OP mentioned it is very common in South Africa, likely owed to the unpredictable life expectancy. All the large insurers offer it, it’s a massive market.