Protect your life, car and dignity

GROUP FUNERAL SCHEMES

AIC offers Group Funeral Schemes on a voluntary or compulsory membership basis (compulsory group discounts are available). For affordable family funeral policies, please see http://withgrace.co.za.

Single Master Group Policy, with individual Membership Certificates. The Plan can be established on a compulsory or voluntary
membership basis. Compulsory group discounts are available.
The Family Plan covers the Principal Member (older of joint status), spouse and up to a maximum of 4 children.
The Single Parent Plan covers a single member, with or without children.
The Single Member Plan covers individuals.
The premium is payable monthly in advance. The cover is a fixed sum assured whole of life group risk product that ceases on the
death of the Principal Member.
Two premium-paying options are available:
A: For the duration of Principal Member's life, or
B: Until Principal Member's 65th birthday, thereafter cover becomes paid up
Algoa Insurance Company Limited can receipt premiums via cash, debit order, stop order, Persal or the Post Office, as required.
A sum assured of R3 000, R5 000, R7 500 or R10 000 may be selected. The Principal Member, Spouse and Children (14 - 21)
are covered for 100% of the sum assured. Children aged 6 - 13 are covered for 50% of the sum assured and children aged 0 -
5 are covered for 25% of the sum assured.
Children over age 21 who are still full-time students are included (max age = 26, unless physically handicapped or disabled).
Eligibility is restricted to the following age limits:
Whole Life : Family Plan & Single Parent Plan - 20 to 59.
Single Member Plan - 20 to 74.
Paid Up : Family Plan & single Parent Plan - 20 to 54.
Single Member Plan - 20 to 54.
Various waiting periods apply in respect of claims occasioned by certain causes:
A 90-day period is allowed for claims notification and a further 30 days for complete submission.
Standard repudiation clauses in respect of suicide, non-disclosure and late notification apply.

These schemes provide funeral cover for the Principal Member and/or his/her immediate family (spouse and children). Benefit payments and premium will vary according to the group risk profile. Please contact AIC to request a quotation for your company.