Funeral Cover

Product: Pays an amount should the member, spouse or child die.

Particulars:

  • A sliding scale applies to this benefit.
  • Minimum and maximum entry ages, as well as spouse and children maximums, apply (click here for details).
  • Continuation of Funeral Cover during Disability available (if option selected at inception).
  • Repatriation Benefit is available – to be covered in next week’s issue.

By law (Section 55 of the Long-term Insurance Act):

  • Children younger than 6 years may NOT be insured for a benefit of more than R10,000; and
  • Children between the ages of 6 and 14 years may NOT be insured for a benefit of more than R30,000.

Current Maximums:

  • Capital Alliance – R50,000
  • Hollard – R30,000
  • Old Mutual – R60,000
  • Sanlam – R60,000

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 13

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