Funeral Benefit

The company pays the insurance premium for the funeral benefit on your behalf. While you are employed by the company, as a member of the Fund and under normal retirement age, or if you are a disability member, the following amounts are payable towards the cost of a funeral: 

IMPORTANT INFORMATION:

• Guardrisk Life Ltd (“Guardrisk”) offers a funeral benefit for all permanent TFG employees.
• There is no waiting period for death. Both natural death and accidental death will be covered immediately from the starting date of cover, which is the date when this benefit is taken up.
• This benefit is only available to permanent employees and is not available to TFG pensioners, Deferred Retirees, Deferred Pensioners or weekly paid employees of Prestige Clothing (Pty) Ltd.
• Child refers to an unmarried child who is below the age of 21. This includes a stepchild, a natural child, a legally adopted child or a still born child (from the 26th week of pregnancy). Only 2 (two) stillbirth claims will be accepted while the benefit is in force.
• Cover for children is extended to below the age 25 if the child is a full-time student, at a recognised institution.
• Cover for children will be extended for a child who is mentally disabled (with no age limit) or becomes totally and permanently disabled before he/she turns 21.
• Spouse refers to your legal husband, wife or civil union spouse or a person that you are in a permanent relationship with and share a permanent home with, for a continuous period of at least 6 (six) months.
• Cover ceases upon normal retirement age.

	This benefit ceases at resignation, dismissal, retrenchment or retirement. It is also not applicable to members who have passed their normal retirement age.
	The funeral benefit is underwritten by Guardrisk Life Limited, an authorised financial services provider (FSP No. 76) and a licensed insurer in terms of the Insurance Act 18 of 2017. Please click here for information regarding the underwriter.

Additional Voluntary Funeral Benefit 

Eligible permanent monthly employees may take out the Guardrisk Life Limited Insurance Additional Voluntary Funeral Assurance benefit, whilst you are employed by the company and under normal retirement age, the following additional amounts are payable towards the cost of a funeral: 

IMPORTANT INFORMATION:

• Guardrisk Life Ltd (“Guardrisk”) offers an additional voluntary funeral benefit over and above the benefits currently available to employees.
• You have to apply to take up this additional voluntary funeral benefit within 3 months of becoming a permanent employee of TFG or wait until January of the following year to apply.
• There is a 3 month waiting period for natural death from the starting date of cover, which is the date when this benefit is taken up. There is no waiting period for accidental death, which will be paid immediately.
• This benefit is only available to permanent employees and is not available to TFG pensioners, Deferred Retirees, Deferred Pensioners or weekly paid employees of Prestige Clothing (Pty) Ltd.
• Maximum entry age is 64 and cessation age is 65.
• The maximum entry age for a spouse (husband/wife) is 70.
• A one-month grace period is allowed to pay any amount once the benefit has been taken up. If the amount is not paid within the grace period, the cover will stop without further notice.
• All children may be covered under the Plan, provided that the benefit for children younger than 6 years cannot exceed the maximum benefit limit of R20 000 across all Guardrisk plans, and the benefit for children younger than 14 and older than 6 years cannot exceed the maximum benefit limit of R50 000 across all Guardrisk plans.
• Child: An unmarried child who is below the age of 21. This includes a stepchild, a natural child, a legally adopted child or a still born child (from the 26th week of pregnancy). Only 2 (two) stillbirth claims will be accepted while the benefit is in force.
• Cover for children is extended to below the age of 25 if the child is a full-time student, at a recognised institution.
• Cover for children will be extended for a child is mentally disabled (with no age limit) or becomes totally and permanently disabled before he/she turns 21.
• Spouse: your legal husband, wife or civil union spouse or a person that you are in a permanent relationship with and share a permanent home with, for a continuous period of at least 6 (six) months.
• Cover for all persons insured (you, your spouse and/or child/ren) will stop when you stop being a permanent employee of TFG for whatever reason, or when you turn 65, or when you retire or die (whichever happens first).
• You will only be allowed to cancel the additional voluntary funeral benefit with effect from 1 January of any year.
• The additional voluntary funeral benefit will not be paid if death is directly or indirectly caused by or attributable to suicide during the first 12 (twelve) months from the starting date of cover.

This benefit ceases at resignation, dismissal, retrenchment or retirement. It is also not applicable to members who have passed their normal retirement age.

New employees who want to take out this Additional Voluntary Funeral Assurance benefit must do so within 3 months of joining the company. Alternatively, they will need to wait until the next renewal period, which takes place each January.  Membership may also only be cancelled at the renewal date, which takes place each January.

Log on to People Connect and complete the Additional Voluntary Funeral Cover application, under Benefits. CLICK HERE for a quick reference guide.