Scheme Summary
in a nutshell
Tshwane Group Risk Cover
| Membership | Compulsory for all permanently employed employees of the City of Tshwane who have not yet reached the age of 65 years. | |||
| Termination of membership | Membership may not be terminated for as long as the member remains an employee of the City of Tshwane. A member’s membership terminates at the members death, disability or 2 months after resignation, retirement or dismissal. | |||
| Benefit Option | Y-Option | Z-Option | ||
| Status | This option is compulsory to all new employees employed permanently by the City of Tshwane. Every employee automatically and by default becomes a member of this option. |
This is a voluntary option. It allows members to take up additional cover over and above the cover provided by the Y-option.
New Members who have not yet reached the age of 50 years may unconditionally take up this option. New Members, 50 years or older will only be allowed to take up this option after submitting sufficient proof of good health. Failure to do so will result in membership being reversed to the default or Y-option.New Members who have not yet reached the age of 50 years may unconditionally take up this option.New Members, 50 years or older will only be allowed to take up this option after submitting sufficient proof of good health. Failure to do so will result in membership being reversed to the default or Y-option. |
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| Death cover | 1 x annual basic salary | 1ZY Option: 2 X annual basic salary 2ZY Option: 3 X annual basic salary 3ZY Option: 4 X annual basic salary |
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| Funeral benefits | This is part of the Y or compulsory option. It covers the life of the main member only. A funeral benefit of R40 000 is payable within 48 hours after submission of a claim with all required documentation. Benefit will only be paid to nominated person/s. |
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| Permanent disability cover (For an illness or injury that will leave you unlikely to ever work in your own or any other occupation again) | 1 x annual basic salary | 1ZY Option: 1.5 X annual basic salary 2ZY Option: 2 X annual basic salary 3ZY Option: 2.5 X annual basic salary |
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| Taxability of benefits: | All benefits are paid out tax-free. | |||
| Premiums as percentage of basic salary | The employer pays the full premium. | 1ZY-Option Member : 0.585% 2ZY-Option Member : 1.170% 3ZY-Option Member : 1.755% |
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| Options to decrease cover | No option | Cover can be decreased at any given time | ||
| Option to increase cover | All members who have not yet reached the age of 50 years may, within 60 days of any event listed below apply to increase their cover:
Members may at any time apply to increase their cover on the basis of “proof of good health”. Contact the Administrator for more details. Conditions apply. |
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| Death and disability claim notification period | Members: 12 Months Pensioners: 6 Months |
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Family Funeral Cover
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Family funeral status |
Not compulsory.
Memberships only available to newly appointed and participating Employees from City of Tshwane. |
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| Family funeral benefit
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The following cover is provided to direct family members only (spouse and children):
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| Family claim notification period | 6 Months from date of death. | |
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Premium |
R67.64 (administration fees included)
Reviewed annually |
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| Paid-up options | Yes, at death and permanent disability till member reaches the age of 65 years. | |
| Continuation option at termination of service | Yes, a member has the option to take up individual death, disability and funeral cover with the Insurer that is equal to the cover provided as on date of termination of service.
Applications must be submitted within 60 days from the date of termination of service. No medicals or proof of health required. |
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Contact the Scheme’s Administrator for more details or information.