Accident Cover

Product: Pays an amount should the member die or suffer any form of bodily loss due to an accident.


  • Accident Cover has the same Normal Retirement Age and Deferred Age as Group Life Cover with Old Mutual and Capital Alliance. With Hollard and Sanlam the lesser of the Normal Retirement Age and age 65 applies to this benefit.
  • Accidental death cover is available with Capital Alliance, Hollard, Old Mutual and Sanlam.
  • Accidental disability cover is available with Capital Alliance, Hollard and Sanlam.
  • No conversion option is available. (Hollard previously offered conversion on Accident Cover (Death) so existing schemes with this benefit will retain it).
  • Continuation of Accident Cover during Disability (if option is selected).

Current Maximums:

  • Capital Alliance – 2 x Annual Salary or R3m (Death), R2.5m (Accidental Disability)
  • Hollard – 6 x Annual Salary or R4m (Death), R2m (Accidental Disability)
  • Old Mutual – 5 x Annual Salary or R50m (Death) (applies to the sum of Death and Accident cover)
  • Sanlam – 6 x Annual Salary or R3m (Death and Accidental Disability).

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 11)

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