Hollard Conversion Option

  • The conversion option must be exercised within 30 days from the date of withdrawal from the scheme, given the member is actively at work on the last day of service.
  • A HIV test is required and a Cotinine test for non-smokers.
  • Members are covered for 30 days during the option period.
  • Benefit changes can only occur at renewal. Hollard does not allow a mid-term addition of benefits. If included at renewal, this benefit becomes immediately available.
  • Immediately before converting the death benefit to an individual policy, the insured must have been covered under the policy or any previous policy taken out by the employer for a similar benefit for at least 12 consecutive months.
  • This is only available if the scheme has a conversion option.

Maximum age to convert:

  • Group Life Cover: Up to ANB 65
  • Lump Sum Disability: Up to ANB 60 (or five years before maximum cover age)
  • Disability Income benefit: Up to ANB 60 (or five years before maximum cover age)
  • Trauma: Up to ANB 60 (or five years before maximum cover age)

The conversion option is not offered in the following instances:

  • If on leaving the employ of the employer, a member starts working for a new employer that offers similar benefits to those offered under the policy
  • Retires from employment because of ill-health
  • Stops working because of disability
  • If the individual is dismissed from employment because of fraud, theft, dishonesty or misconduct or is retrenched

Should you require more information, please contact your Associate or the office.

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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