Traditional Family Society Plan (1+5/9/13)

Are you looking for a financial administration Society Plan, solution that can help you take care of your family? Look no further than Exodec! With our policy, you can add up to 13 of your closest family members and they will be covered in the event of a claim. So why wait? Contact us today and let us help you take care of your loved ones.

1+ 5 or 9 or 13 nominated family member insurance that pays a lump sum for you to be able to cover expenses when a loved one passes away.

One main member can take out a policy of our Society Plan and add either 5 or 9 or 13 nominated family members that are related to the main member. The main member and all their nominated family members will have the same benefit amount paid out when there is a claim.

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Traditional Family Society Plan  1+5/9/13 Rules:

  • The maximum entry age for a main member and nominated family members is 85 years
  • Cover for either 5 or 9 or 13 nominated family members
  • Everyone has the same benefit cover amount.
  • Children under 6 years qualifies for a maximum benefit of R20 000 in line with regulations
  • The oldest person principal member or nominated family member determines the rate applicable
  • No stillborn cover included
  • 6 months waiting period on death due to natural causes from receipt of first premium
  • No waiting period on Accidental death provided first premium is paid
  • Suicide excluded for 12 months
  • If you want to replace an existing policy with this policy the waiting period can be waived on provision of the following documentation: proof of previous underwriting, proof of premium payments for the previous 6 months and cancellation of previous policy
  • Citizens from neighbouring countries (SADC) working in South Africa can take out a policy but they must be legally in the country and have a passport and work permit at application stage. Their nominated family staying with them in South Africa can also be covered
  • Repatriation of Mortal Remains included on the policy and is available within the borders of South Africa and neighbouring SADC countries
  • Prices are age dependent

Product is underwritten by Guardrisk Life Limited, FSP 76 and a licenced life insurer in terms of the Insurance Act.

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