Capital Alliance Disability Income Insurance

Definition

Disability Income Insurance pays a monthly benefit to an employee who is totally disabled, regardless of whether the condition is temporary or permanent. This benefit continues until the member recovers, dies or reaches normal retirement age.

This will apply should a member be continuously and totally prevented from following their regular occupation in the first 24 months of disablement, including the waiting period and thereafter any occupation.

The maximum cover age is the earlier of the normal retirement age or the age of 65.

Waiting period

1, 3, 6, 12 or 24 months are available.

Benefits

75% based on either a sliding scale or as a flat benefit.

Maximum Benefit

R 140 000 per month, maximum employer waiver of R 30 000 per month.

Pre-Existing Conditions

Any injury or illness from which the member suffered from 6 months prior to commencement, and if the disability occurs 12 months after commencement date.

For more information please contact your Associate or the office.

Thank you and regards,
The TSA Team

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