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funeral cover options
The product will be sold on an individual policy basis. The following funeral cover options will be made available:

Assured Lives Option 1 Option 2 Option 3
Principal Life Assured (18 – 75) R15,000 R20,000 R30,000
Spouse R15,000 R20,000 R30,000
Child/Extended Child (14 – 25) ** R15,000 R20,000 R30,000
Child/Extended Child (6 – 13) R9,000 R11,500 R17,250
Child/Extended Child (0 – 5) R6,000 R7,500 R10,000
Still birth * R4,500 R5,500 R8,250
Parents/Parents-in-law (18-85) R15,000 R20,000 R30,000
Extended Family (22 – 75) R15,000 R20,000 R30,000


* Still born claims will be covered from the 26th week of pregnancy.

** Maximum Age at Entry for Children is 21 for non-students and 25 for full time students at a recognized educational institution. Children who do not meet eligibility requirements may be covered as Extended Family Members, subject to restrictions on cover for minors as specified in the Long Term Insurance Act.


Premiums payable
Assured Lives Age at Entry Option 1 Option 2 Option 3
Principal Life Assured only 18 to 65 R46 R60 R83
66 to 75 R107 R140 R196
Immediate Family 18 to 65 R94 R120 R167
66 to 75 R192 R250 R345
Parent/Parent-in-law 18 to 75 R73 R95 R135
76 to 85 R119 R155 R213
Extended Child 0 to 25 * R11 R14 R20
Extended Family Member 22 to 65 R66 R85 R121
66 to 75 R111 R140 R195


* Maximum Age at Entry for Immediate and Extended Children is 21 for non-students and 25 for full time students at a recognized educational institution. Children, aged 22 – 25, will only be covered under the Extended Child premium if they are full time students at a recognized educational institution. Children who do not meet the eligibility requirements may be covered as Extended Family Members from age 22, subject to restrictions on cover for minors as specified in the Long Term Insurance Act.



Waiting periods
Benefit Waiting Period (Non-accidental Causes)
Immediate Family 3 months
Parents/Parents-in-law 6 months
Wider/Extended Family 6 months
Extended Children 6 months


The minimum and maximum ages at entry are
Assured Lives Minimum Age at Entry Maximum Age at Entry
Principal Life Assured 18 75
Spouse 18 75
Children 0 25 *
Parents 0 85
Extended Family 0 75

The Principal Life Assured only benefit provides cover for the Principal Life only. The Immediate Family benefit options include cover for the Principal Life Assured, Spouse and Children. If the Immediate family benefit option is elected, then all members of the immediate family must be covered under the same option.

* Children, aged 22 – 25, will only be covered if they are full time students at a recognized educational institution. Children who do not meet the eligibility requirements may be covered as Extended Family Members, subject to restrictions on cover for minors as specified in the Long Term Insurance Act.


The Immediate family Benefit options are subject to the following maximums
Relationship Maximum Number of Lives Covered
Principal Member 1
Spouse 2
Children 5 *

* The number of Children that the Life Assured is allowed to cover is not limited, however, the total number of claims payable is restricted to 5 (five). Subject to restrictions on cover for minors as specified in the Long Term Insurance Act.

Parents, Parents-in-law, Extended Family and Extended Children may be added individually thereafter.


ADDITIONAL DEPENDENTS THAT MAY BE ADDED PER PRINCIPAL LIFE ASSURED
Relationship Maximum Number of Lives Covered
Parents/Parents-in-law 4
Extended Family 12 *

* Includes Extended Children. Where a Child on the Policy reaches the age of 26 and has been a full time student at a recognized educational institution, the premium for this Child will increase to the premium applicable to an Extended Family Member age 26 – 65, subject to restrictions on cover for minors as specified in the Long Term Insurance Act.


TERMS AND CONDITIONS
Certain Terms and Conditions apply to this product, which will be explained to you by the Call Centre Agent.


 
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