Trauma Cover – continued…

Trauma Cover accelerates the Group Life Cover with Capital Alliance, Hollard and Old Mutual or is available as Standalone cover with Hollard and Sanlam.

Reinstatement Option Period (if selected):

  • Capital Alliance – 31 days (GLA & Trauma Cover benefit, excluding the condition claimed for, would be reinstated).
  • Hollard – 30, 90 or 120 days (GLA benefit is reinstated, when trauma is an Accelerated benefit).
  • Old Mutual – 30 days, 3, 6 or 12 months (GLA & Trauma Cover benefit, excluding condition claimed for, would be reinstated).
  • Sanlam – This does not apply as Trauma Cover is always a Standalone benefit.

Survival Period (for Trauma Claim to be paid):

  • Capital Alliance – if the member dies whilst the claim is being assessed, no claim will be paid.
  • Hollard – 14 days, this may be waived for an Accelerated benefit but not for a Standalone benefit.
  • Old Mutual – 30 days, if the member dies while the claim is being assessed, no trauma benefit will be paid.
  • Sanlam – 7 days, may be waived at Sanlam’s discretion.

Pre-existing Condition Clause:

  • Capital Alliance – 1 year prior / 2 years post (No Trauma Cover benefit is payable in respect of a Condition which occurred or existed prior to the Member’s Entry Date).
  • Hollard – 6 months prior / 12 months post.
  • Old Mutual – 2 years prior / 2 years post.
  • Sanlam – 2 years prior / 2 years post (No Trauma Cover benefit is payable in respect of a Condition which occurred or existed prior to the Member’s Entry Date).

Thank you and regards,
The TSA Team

You’ll find all back issues of TSA Connect by visiting our blog.

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

(Vol. 6 Issue 10)

Social Media Company Social Media Consultant