PLAN OPTIONS  A   B  
 
Members Only Cover R10 000   R20 000   R30 000
BETWEEN 18-64 Years R75   R90   R105
BETWEEN 65-74 Years R140   R205   R280
BETWEEN 75-84 Years R200   R345   R490
BETWEEN 85-95 Years R245   R425   R620
      
Member Plus Spouse R10 000   R20 000   R30 000
BETWEEN 18-64 Years 90   110   120
BETWEEN 65-74 Years 155   225   300
BETWEEN 75-84 Years 220   355   510
BETWEEN 85-95 Years 265   435   640
 
Single Parent And 5(Five) Kids R10 000   R20 000    R30 000
BETWEEN 18-64 Years R85   R100   R125
BETWEEN 65-74 Years R140   R205   R300
BETWEEN 75-84 Years R200   R315   R500
BETWEEN 85-95 Years R255   R325   R625
      
Family Husband & Wife Plus 5(Five) Children R10 000   R20 000   R30 000
BETWEEN 18-64 Years R95   R130   R160
BETWEEN 65-74 Years R160   R260   R365
BETWEEN 75-84 Years R165   R505   R725
BETWEEN 85-95 Years R375   R670   R980
      
Extended Cover R10 000   R20 000   R30 000
EXTRA CHILDREN R18   R25   R35
BETWEEN 18-64 Years R45   R70   R100
BETWEEN 65-74 Years R100   R185   R255
BETWEEN 75-84 Years R175   R320   R460
BETWEEN 85-95 Years R220   R405   R610
      
Add On Income Replacement
Monthly Payments  R1 000 R2 000 R3 000 R4 000 R5 000
Rate Per Month R25 R40 R50 R60 R75
      
All Premiums Are Fixed for Life. There will an Initial Once off Admin fee of R100, which will be added to your first payment.     

Terms & Conditions

1. Members must reside within geographical limits (i.e. within the South African boarder’s)

2. There is a 2 (two) year exclusion for suicide.

3. A waiting period of 6 (six) months due to death as a result of natural causes will apply, except of the transfer of a compulsory scheme from another insurer.

4. A waiting period of 9 (nine) months applies to extended family members.

5. The premium (and/or the benefits) can be varied on the advice of the actuary by giving the scheme 1 (one) months written notice.

6. The company must be informed of the death claim within 2 (two) months of the death.

7. After this period the claim will only be valid of enough reason to the satisfaction of the Company is given for the late notification.

8. If the product is re-insured, then there may be additional terms and conditions that the re-insurer may impose that must be adhered to.

9. A single parent cover covers the main member and a maximum of 5 (five) children that are either biological and/or legally adopted by the main member.

10. The family package covers the main member and their spouse or life partner and a maximum of 5 (five) children.

11. For each policy, the Principal member will receive a free Telkom sim card with airtime every month, if said members policy is up to date in terms of payment.

12.The Table Below indicated the minimum and maximum ages for cover under the product.

Class

MIN. age

MAX. age

Main member

18

95

Spouse/life partner

18

95

Children

0

17

Extended Family

18

95

 

13. The Table below indicates the benefit amount

Class

Percentage (%)

Main member

100

Spouse/life partner

100

Child 14 years and older

100

Child between the ages of 6 and 14; Inclusive of 6-year old's

50

Child between the ages of 1 and 6; inclusive of 1-year old's

25

Child younger than 1 year; includes stillborn babies

25

 

Sim Card (Telkom) Procedure, Terms and Conditions