In order to run quotes or obtain them from the insurers, our Quotes team will require the following information:
1. Company information: Scheme name, industry and geographic location
2. Benefit structure: Full benefit structure including all rider benefits
3. Member data: Names, ID numbers, genders and salaries
4. Category definitions, if there is more than one category, and these need to be compulsory and not voluntary in nature. By compulsory here, we mean that qualification for a category needs to be based on objective criteria, e.g. “all directors” or “staff that have been at the company for more than 1 year”, and not subjective criteria where members have a choice, e.g. “members that want 3 times annual salary”.
5. Claims experience from the existing insurer for schemes with more than 400 members
In accordance with FAIS legislation, intermediaries are required to hold contracts and complete the necessary accreditation with the four insurers that we work with (Hollard, Sanlam, Capital Alliance and Old Mutual) if they wish to submit business to them via TSA.
We are here to help with the contracting process if necessary to make it as effortless as possible for you. You may contact Candice ([email protected]) for any assistance that you may need.
Should you have any further questions in this regard, then please don’t hesitate to get hold of us or your TSA Associate.
Thank you and regards,
The TSA Team
