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
CONTRIBUTION
DEATH COVER
DEATH COVER
ACCIDENT DEATH COVER
ACCIDENT DEATH COVER
CAPITAL DISABILITY COVER
CAPITAL DISABILITY COVER
FUNERAL COVER
FUNERAL COVER
PAID UP FUNERAL POLICY
PAID UP FUNERAL POLICY
ADMINISTRATION COSTS
MARKETING COSTS
COMMUNICATION COSTS
INDEPENDENT ADVISOR
LESS TOTAL COST
NET CONTRIBUTION TOWARDS SAVING
% OF CONTRIBUTIONPLAN
Cover
Premium
Cover
Premium
Cover
Premium
Cover
Premium
Cover
Premium
Fee
Fee
Fee
Fee*
A1
R180.00
R0.00
R0.00
R0.00
R0.00
R0.00
R0.00
R0.00
R0.00
R0.00
R0.00
R18.00
R2.00
R2.00
R9.78
R31.78
R148.22
82.34%
A2
R180.00
R14,000.00
R17.71
R14,000.00
R4.83
R0.00
R0.00
R12,000.00
R26.22
R0.00
R0.00
R18.00
R2.00
R2.00
R9.78
R80.54
R99.46
55.26%
B
R203.00
R17,000.00
R21.50
R17,000.00
R5.87
R0.00
R0.00
R16,000.00
R35.00
R0.00
R0.00
R18.00
R2.00
R2.00
R11.04
R95.41
R107.59
53.00%
C1 (Closed)
R228.00
R17,000.00
R21.50
R17,000.00
R5.87
R0.00
R0.00
R19,000.00
R41.55
R5000.00
R20.13
R18.00
R2.00
R2.00
R12.42
R123.47
R104.53
45.85%
C2
R228.00
R20,000.00
R25.30
R20,000.00
R6.90
R0.00
R0.00
R19,000.00
R41.55
R0.00
R0.00
R18.00
R2.00
R2.00
R12.42
R108.17
R119.83
52.56%
C3 (Closed)
R323.00
R20,000.00
R25.30
R20,000.00
R6.90
R20,000.00
R8.28
R19,000.00
R41.55
R7,500.00
R30.20
R18.00
R2.00
R2.00
R17.60
R151.83
R171.17
52.99%
D
R272.00
R25,000.00
R31.63
R25,000.00
R8.63
R25,000.00
R10.35
R20,000.00
R43.70
R0.00
R0.00
R18.00
R2.00
R2.00
R14.84
R131.15
R140.85
51.78%
E
R456.00
R35,000.00
R44.28
R35,000.00
R12.07
R35,000.00
R14.50
R30,000.00
R65.55
R0.00
R0.00
R18.00
R2.00
R2.00
R24.84
R183.24
R272.76
59.82%
SALARIES PACKAGES
The below plans are available only to employees earning a minimum salary of R7 500 per month. Small Farmers (40 and less members) :
PLAN
CONTRIBUTION
DEATH COVER
DEATH COVER
ACCIDENT DEATH COVER
ACCIDENT DEATH COVER
CAPITAL DISABILITY COVER
CAPITAL DISABILITY COVER
FUNERAL COVER
FUNERAL COVER
ADMINISTRATION COSTS
MARKETING COSTS
COMMUNICATION COSTS
INDEPENDENT ADVISOR
LESS TOTAL COST
NET CONTRIBUTION
% OF CONTRIBUTION
Cover
Premium
Cover
Premium
Cover
Premium
Cover
Premium
Fee
Fee
Fee
Fee*
SAL1
R605.00
R100,000.00
R65.60
R50,000.00
R8.00
R100,000.00
R33.40
R35,000.00
R51.50
R18.00
R2.00
R2.00
R32.95
R213.45
R391.55
64.72%
SAL2
R906.00
R150,000.00
R98.70
R75,000.00
R12.10
R150,000.00
R50.00
R35,000.00
R51.50
R18.00
R2.00
R2.00
R49.39
R283.69
R622.31
68.69%
SAL3
1,210.00
R200,000.00
R131.00
R100,000.00
R16.10
R200,000.00
R66.70
R35,000.00
R51.50
R18.00
R2.00
R2.00
R65.95
R353.25
R856.75
70.81%
SAL4
R3,025.00
R500,000.00
R328.00
R250,000.00
R40.25
R500,000.00
R167.00
R35,000.00
R51.50
R18.00
R2.00
R2.00
R164.85
R773.60
R2,251.40
74.43%
ASSET BASED FEES
Benefit & Investment Consulting and Actuarial Services
Operational costs
0.54% of total assets of the fund per annum
0.60% of total assets of the fund per annum