Policyholder: The main individual purchasing the insurance.
Additional Members: Up to 9 family members and exstended family members can be nominated.
Relationship: All nominated family members must be related to the policyholder or financially dependent on them.
Entry Age and Rate:
The entry age and rate applicable to the policy are determined by the oldest person (either the policyholder or a nominated family member).
Cover:
Equal Cover: All policyholders and nominated family members receive equal coverage.
Children Under 6: Maximum coverage for children under 6 years old is R20,000, as per regulations.
Stillborn Cover: Not included.
Waiting Periods:
Natural Death: 6 calendar months waiting period from the receipt of the first premium.
Accidental Death: No waiting period if the first premium is paid.
Suicide: Excluded for 12 months from the receipt of the first premium.
Repatriation:
Repatriation of mortal remains is included within South Africa and neighboring SADC countries.
Citizens of Neighboring Countries:
Coverage is available for citizens of neighboring SADC countries working in South Africa, provided they are legally residing and have a valid passport or work permit.
Nominated family members legally residing in South Africa with the main member can also be covered.
Take-Over Policies:
The waiting period on death due to natural causes for take-over policies will be waived if proof of previous underwriting with a reputable underwriter, premium payments for the previous 6 months, policy certificate, and cancellation letter are provided.
Claims Payment:
Claims are paid out within 48 hours after receiving all required documents.
