OPTIONAL INSURED EXTENDED FAMILY FUNERAL BENEFIT
If you will be responsible for the payment of funeral costs or a portion thereof in the future event of the death of an extended family member, then you should consider taking advantage of this offer.
In addition to the funeral cover for yourself and your immediate family, the Fund offers you the option of taking out affordable funeral cover for your Extended Family Members through its cost effective voluntary extended family funeral scheme.
This policy allows you the flexibility to cover up to eight members of your extended family (including your spouse’s extended family), namely brothers, sisters, aunts, uncles, nieces, nephews, grandchildren, grandparents, and cousins, including your own children who no longer qualify for benefits under your funeral benefit as explained under Insured Funeral Benefit Options. In addition to cover for the eight family members, you may add two parents and two parents- in-law. You may add or remove extended family members and parents at any time.
This is a product underwritten by Sanlam and the monthly premium will be deducted via debit order directly from your bank account and not from the employer contribution to the Fund.
There is no need for the conversion option as this policy simply continues to apply after you have exited the Fund.
