Premiums for the scheme will not change or be varied during the first 12 (twelve) months from the Commencement Date unless there are reasonable actuarial grounds on which to do so.

Any change to the premium will be communicated to the Policyholder 31 (thirty-one) days before any increase takes effect and such communication will also confirm any increase to the benefit amount, if applicable.

General terms and conditions:

Funeral Plan The maximum entry age for Principal Member and Spouse is 84 years. Cover for Children biological or legally dependent on the Principal Member will cease on the day before their 22nd birthday. Children aged 22 or older will be covered up to age 26 if they are studying full-time at a recognized school or tertiary institution. This is subject to the provision of satisfactory evidence (annually).

Unmarried mentally/physically disabled Children who are totally dependent on the Principal Member will be covered for as long as the policy is in force. Cover will be provided for (1) (one) Spouse and for a maximum of 5 (five) Children at the stated premium.

Should a Child be born to the Principal Member, the Principal Member has 60 (sixty) Days to update his application/nomination form. If the documentation is not updated the Child will not be covered for benefits. If the Principal Member ceases to be a member of the funeral scheme (dies, withdraws or retires) cover will cease immediately for the Principal Member and all their Dependents. Should the Spouse elect to take over the policy of an existing Principal Member due to the Principal Member’s death, this must be done within 30 (thirty) Days of the death and application/nominations form and monthly membership schedule must be updated accordingly.

Benefit Split – Principal Member and Spouse same cover; cover of child between 14-22 years same as Principal Member – age 6-13 years 50% of Principal Member Stillborn – 5 years = 25% of Principal Member.