Premium Payments

Receiving premiums as well as accurate and complete member data by the 7th of every month is essential to ensure that the lives of members are covered.

It is also important to remember that premiums are required during the assessment of a disability claim, until the outcome of the claim is known, as well as whilst a member is on maternity leave.

The reason for this is that should a potential disability claimant pass away before the claim has been admitted and no premiums have been paid, no benefits will be payable, and should premiums not be paid during maternity leave there would be a break in cover and the member may have to be underwritten once she returns to work.

Thank you and regards,
The TSA Team

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All information provided in TSA Connect newsletters is intended to inform and explain, but please remember to always check the current terms on policies when considering options and advising clients.

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