Traditional Scheme Terms and Conditions

Submitted by EUM on Thu, 08/23/2018 - 00:13
  • Cover for member and 5 or 9 or 13 extended family members.
  • A unique plan for all families who wants to insure their extended family members, to assist with expensive burial cost.
  • New entrants may be covered until 74 years.  Older members will only be accepted if the scheme had previous underwriting in place.
  • 6 or 9 month waiting period for natural causes of death. (See benefit sale for detailed waiting periods).
  • No waiting period for unnatural causes of death, provided that the inception premium was paid.
  • 24 month waiting period for suicide.
  • Repatriation of mortal remains included.

Benefit Scale

1 + 5, 1+9 and 1+13 Plans

Member

Extended Members from 7 years and up

Child

1 month – 6 years

          Still Born

Waiting Period

R3 000

R3 000

R3 000

R1 000

6 Months

R5 000

R5 000

R5 000

R1 250

6 Months

R7 500

R7 500

R7 500

R1 500

6 Months

R10 000

R10 000

R10 000

R2 500

6 Months

R15 000

R15 000

R10 000

R3 750

9 Months

No Waiting Period for unnatural causes of death, provided that inception premium was paid

24 Month Waiting Period on all plans for suicide

           

No cover for members over 75 years. Premiums are calculated on the oldest members of the policy.

 

All policies are underwritten by Liberty Group Ltd.

Image result for liberty group

 

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