No matter which risk cover option you choose, as a member of the LA Retirement Fund, you and your immediate family members automatically qualify for the default funeral cover outlined in option 1 below.
With effect from 1 August 2016, the LA Retirement Fund has introduced a flexible funeral cover benefit design. When you join the LA Retirement Fund you have the “once-off” opportunity to select the option that best suits your needs and budget.
Please note that the decision you make is final and irrevocable. If no selection is made on becoming a member, the default option will be applied.
When is a Funeral benefit paid out?
The funeral benefit is paid out if you, or one of your qualifying family members, die. The benefit will be paid within 48 hours after the LA Retirement Fund receives a completed claim form and all other required documents – as listed on the claim form (also see the making a claim section of the member guide).
The funeral cover includes a repatriation benefit which means the body of any person covered by the benefit will be transported to their place of burial from anywhere inside the borders of South Africa – at no cost.
Voluntary extended funeral scheme
In addition to the funeral cover for yourself and your immediate family, the Fund now offers you the option of taking out affordable funeral cover for your EXTENDED FAMILY MEMBERS through its cost effective voluntary extended family funeral scheme provided by Sanlam.
Click here to find out more
Click here to access the necessary forms.