Reasons for early updating of your Funeral Plan:
• Change in client’s marital status.
• The birth of a child.
• The purchase of fixed property or asset.
• Changes in client’s business interests.
• Address.
Submission approval:
Your application is submitted to the underwriter for consideration. Once
accepted, your Policy Certificate, listing all persons and benefit amounts,
and Policy Terms and Conditions will be mailed to you, and should be kept
in a safe place for future reference.
Premium revision:
Premiums are not guaranteed and may be reviewed in order to ensure
that the policy remains actuarially sound in term of the Long-Term
Insurance Act. You will be notified in writing, 30 days in advance of any
increases.
Entry age:
Principal Member
A Principal Member is any person between the ages of 18 & 64 years at
the time of qualifying for insurance in terms of the policy. Maximum Entry
age is 64 years.
Qualifying Spouse (if applicable)
Maximum entry age is 64 years.
Qualifying Child (if applicable)
Cover for Children will cease at age 22. Children aged 22 or older will be
covered up to age 26 if they are studying full-time at a recognised school
or tertiary institution. Annual proof of full time study must be provided.
Still-born Child (if applicable)
A Child that has had at least 28 weeks of intra-uterine existence but
showed no sign of life after complete birth.
Extended Family Member (if applicable)
Cover for Extended Family Member’s under the age of 14 years will reduce
in line with the funeral scale selected by the scheme. Extended Family
Members are; Additional Spouses (maximum of 4) and additional children
(maximum of 4), who are financially dependent on the Principal Member.
An additional premium is payable per Extended Family Member.
Maximum Entry age is 64 years.
Over insure:
Please note: If more than 2 Policies are issued for any person, irrespective
of who the Policy holder is, that person will be over insured. The underwriter will pay only 2 claims per insured person. Preference will be given to
claims made under the Policy that pays out the highest cover. The claim
value on the other Policies will be limited to a return of premiums less
commission cost.
Claims process
The following documents must be provided for consideration of a claim for
funeral aid benefits: