Hollards’ Disability Income Insurance

Definition

Income Insurance pays a monthly benefit to a member who becomes totally disabled, regardless of whether the condition is temporary or permanent, until the member recovers, dies or reaches benefit cessation age.

This will apply should a member be continuously and totally prevented from following their regular occupation in the first 12 or 24 months (to be selected by the employer) 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
3, 6 or 12 months are available.

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

Maximum benefit
R 120 000  per month; maximum employer waiver benefit of R 24 000 per month

Pre-Existing Conditions
This benefit is not applicable if the date of commencement of disability occurs within twelve months of entry date and the disability directly or indirectly is a condition of which the member was aware of, and received treatment during the six months prior, to entry date.

For more information please contact your Associate or the office.

Thank you and regards,
The TSA Team

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