Agricultural Sector Provident Fund.

Empowering you, so you can empower your workforce.

About us

Since 1991 we have been improving the lives of farm workers and farmers by providing flexible risk and provident fund solutions, with a growing membership of 20 000. The time spent in the agricultural sector has proven us as a reputable and trusted provident fund.

We specialise in risk and provident products in the niche, agri environment. We know that no farm or agricultural structure is the same and therefore delivering a unique, versatile product is essential to our market. Our product is extremely flexible and can satisfy a variety of needs, while still being uncomplicated to ease administration and limit costs.

We are supported and managed by a board of trustees originating from, Agri SA, TLU SA and LWO, together with professional independent Trustees.

Why us?

Every client gets to design their own product according to their needs.

  • Allowing you to provide social wellness for your employees instilling assurance and confidence.
  • Going into an honest and trusted partnership, offering valuable industry advice.
  • Lightening the financial burden of managing a large workforce when risk factors occur.

We are continuously rendering services to the needs of both employer and employee while keeping up with legislation and industry standards.

Products

Check our Products

Provident fund (Savings)

Provident fund (Savings) Growing and protecting the member’s savings.

Death cover

Death cover Providing a lump sum benefit

Disability cover

Disability cover In the agricultural sector employees depend largely on physical ability, should something happen, disability cover is the ultimate peace of mind.

Funeral benefit

Funeral benefit Contributing to funeral costs of the member and immediate family.

Accident and bodily loss cover

Accident and bodily loss cover Unfortunate situations occur when working with livestock and large machinery.

Cover for seasonal workers

Cover for seasonal workers Provide funeral cover for the seasonal worker while in temporary employment.

Need more insight on how ASPF can assist you?

Services

Check our Services

Prioritise withdrawal and retirement claims.

Annual member benefit statements.

We offer extended family funeral cover.

Assisting the beneficiaries with claims and payments.

Beneficiary trust fund in the event of payments to minors.

Member sessions can be arranged for larger groups in African languages.

Funeral payments will be effected within 48 hours. *Subject to all required documents received.

After joining the fund, members will receive a certificate of participation.

A management committee meeting can be arranged once per annum, depending on the size of the client.

For more information, download our brochure.

Tariffs

Tariffs

To make provision for different needs, different benefit plans are offered. The benefit structures are set out in the tables below:

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Tariffs

To make provision for different needs, different benefit plans are offered.

The benefit structures are set out in the tables below. Small Farmers (40 and less members) :

WAGES PACKAGES

PLAN    A1  A2  C2 
 CONTRIBUTION    R154.00   R154.00   R176.00   R198.00   R237.00   R396.00
DEATH COVER  Cover      R0.00      R14,000.00   R17,000.00   R20,000.00   R25,000.00   R35,000.00 
Premium  R0.00 R14.84 R18.02 R21.20 R26.50 R37.10

CAPITAL DISABILITY COVER  

Cover R0.00 R0.00 R0.00 R0.00 R25,000.00 R35,000.00
Premium  R0.00 R0.00 R0.00 R0.00 R8.75 R12.25
ACCIDENTAL DEATH/BODILY
LOSS COVER
 Cover  R0.00   R14,000.00   R17,000.00   R20,000.00   R25,000.00   R35,000.00 
 Premium R0.00 R4.06 R4.93 R5.80 R7.25 R10.15

FUNERAL COVER  

 Cover R0.00 R12,000.00 R16,000.00 R19,000.00 R20,000.00 R30,000.00
 Premium R0.00 R21.96 R29.28 R34.77 R36.60 R54.90
ADMIN FEE    Member fee R18.11 R18.11 R18.11 R18.11 R18.11 R18.11
 Consultation fee R8.86 R8.86 R10.12 R11.39 R13.63 R22.77
LESS TOTAL COST     R26.97 R67.83 R80.46 R91.27 R110.84 R155.28
NET CONTRIBUTION    R127.03  R86.17 R95.54 R106.73 R126.16 R240.72
% OF CONTRIBUTION    82.49%  55.95%  54.28%  53.90%   53.23%  60.79%

The below plans are available only to employees earning a minimum salary of R10 000 per month. Small Farmers (40 and less members) :

SALARIES PACKAGES

PLAN    SAL1  SAL2  SAL3  SAL4 
 CONTRIBUTION    R525.00   R787.00   R1,050.00   R2,625.00 
DEATH COVER  Cover      R100,000.00      R150,000.00   R200,000.00   R500,000.00 
Premium  R55.00 R82.50 R110.00 R275.00

CAPITAL DISABILITY COVER  

Cover R100,000.00 R150,000.00 R200,000.00 R500,000.00
Premium  R28.00 R42.00 R56.00 R140.00
ACCIDENTAL DEATH/BODILY
LOSS COVER
 Cover  R50,000.00   R75,000.00  R100,000.00   R250,000.00 
 Premium R6.50 R9.75 R13.00 R32.50

FUNERAL COVER  

 Cover R35,000.00 R35,000.00 R35,000.00 R35,000.00
 Premium R43.05 R43.05 R43.05 R43.05
ADMIN FEE    Member fee R18.11 R18.11 R18.11 R18.11
 Consultation fee R30.19 R45.25 R60.38 R150.94
LESS TOTAL COST     R180.85 R240.66 R300.54 R651.55
NET CONTRIBUTION    R344.15  R546.34 R749.46 R1,965.40
% OF CONTRIBUTION    65.55%  69.42%  71.38%  74.87% 

TAILOR-MADE BENEFIT OPTIONS

TAILOR-MADE BENEFIT OPTIONS FOR LARGE EMPLOYERS WITH MORE THAN 40 MEMBERS.

TAILOR-MADE GROUP RISK BENEFIT OPTIONS TO CHOOSE FROM:
LUMP SUM DEATH AND DISABILITY BENEFITS COST AS % OF SALARY
DEATH AND DISABILITY BENEFIT BENEFIT
OPTION 1 1x ANUAL SALARY 1.00%
OPTION 2 2x ANUAL SALARY 2.00%
OPTION 3 3x ANUAL SALARY 3.00%
OPTION 4 4x ANUAL SALARY 4.00%
ACCIDENT INSURANCE RATES COST AS % OF SALARY
ACCIDENT/BODILY LOSS INSURANCE BENEFIT BENEFIT
OPTION 1 1x ANUAL SALARY 0.19%
OPTION 2 2x ANUAL SALARY 0.38%
OPTION 3 3x ANUAL SALARY 0.56%
OPTION 4 4x ANUAL SALARY 0.75%
TEMPORARY INCOME DISABILITY INSURANCE COST AS % OF SALARY
TEMPORARY INCOME DISABILITY INSURANCE BENEFIT
75% OF PENSIONABLE SALARY 0.20%
PENSIONS FOR 6 MONTHS
1 MONTH WAITING PERIOD
Tailored Group Funeral benefits to suit the employer's needs.

Tariffs for 2020/2021
Funeral Benefit Rate Excluding paid up benefits Rate Including paid up benefits
Employee R13 500 R18.00 R19.80
Spouse R13 500
Child 14 and over but younger than 21 years R13 500
Child 6 - 13 Years R6 750
Stillborn Child* - 5 Years R3 375
*Stillborn Child: Means a child that has had at least 26 weeks of intra-uterine existence but showed no sign of life after complete birth.
Funeral Benefit Rate Excluding paid up benefits Rate Including paid up benefits
Employee R20 000 R27.00 R29.70
Spouse R20 000
Child 14 and over but younger than 21 years R20 000
Child 6 - 13 Years R10 000
Stillborn Child* - 5 Years R5 000
*Stillborn Child: Means a child that has had at least 26 weeks of intra-uterine existence but showed no sign of life after complete birth.
Funeral Benefit Rate Excluding paid up benefits Rate Including paid up benefits
Employee R29 000 R36.00 R39.60
Spouse R29 000
Child 14 and over but younger than 21 years R29 000
Child 6 - 13 Years R14 500
Stillborn Child* - 5 Years R7 250
*Stillborn Child: Means a child that has had at least 26 weeks of intra-uterine existence but showed no sign of life after complete birth.
Funeral Benefit Rate Excluding paid up benefits Rate Including paid up benefits
Employee R35 000 R45,00 R49,60
Spouse R35 000
Child 14 and over but younger than 21 years R35 000
Child 6 - 13 Years R17 500
Stillborn Child* - 5 Years R8 750
*Stillborn Child: Means a child that has had at least 26 weeks of intra-uterine existence but showed no sign of life after complete birth.

Forms

Forms.

For any additional information contact Rene Cockrell: 072 064 9208 or Email: aca.agrisectorfund@sanlam.co.za

Contact

Contact Us

Call:

Marketing Consultant-
George Dreyer:
082 789 3436

Support: (012) 845 0001

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