Standard Scheme Terms and Conditions

Submitted by EUM on Thu, 08/23/2018 - 00:11
  • Cover for single member, or member and spouse, or family.
  • 6 Children may be covered on their parent’s policy until they reach 21 years (Students at a recognised tertiary institution may be covered until 25 years on their parent’s policies).
  • New entrants may be covered until 74 years. Older members will only be covered if the scheme had previous underwriting in place.  Contact our office premiums on older members.
  • 6 or 9 months waiting period for natural causes of death.  (See benefit scale with 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.Single, Single Parent, Married and Family Plans Single, Single Parent, Married and Family Plans

Benefit Scale

Single, Single Parent, Married and Family

Member

Spouse

Child

14 –21 Years

Child

6 – 13 Years

Child

1 – 5 years

Stillborn

Waiting Period

R3 000

R3 000

R3 000

R2 000

R1 000

R1 000

6 Months

R5 000

R5 000

R5 000

R2 500

R1 250

R1 250

6 Months

R6 000

R6 000

R6 000

R3 000

R1 500

R1 500

6 Months

R8 000

R8 000

R8 000

R4 000

R2 000

R2 000

6 Months

R10 000

R10 000

R10 000

R5 000

R2 500

R2 500

6 Months

R15 000

R15 000

R15 000

R7 500

R3 750

R3 750

6 Months

R18 000

R18 000

R18 000

R9 000

R4 500

R4 500

6 Months

R20 000

R20 000

R20 000

R10 000

R5 000

R5 000

6 Months

R25 000

R25 000

R25 000

R12 500

R6 250

R6 250

9 Months

R30 000

R30 000

R30 000

R15 000

R7 500

R7 500

9 Months

No waiting period for unnatural causes of death, provided inception premium was paid.

24 Month Waiting period on all plans for suicide

Members over 75 years will only be accepted with previous underwriting are in place.  Proof thereof must be provided to EUM on quote stage.

All policies are underwritten by Liberty Group Ltd.

Image result for liberty group

 

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