Extended Family Funeral Cover
The scheme has these main rules:
- The person/s covered must be a family member of the fund member
- The person/s covered must be between the ages of 2 and 65 when joining the scheme
- From the first premium (payment) there is a six-month waiting period with respect to deaths by natural causes and a waiting period of three months with respect to death by unnatural causes (e.g. accidents, acts of violence).
- Up to six family members may be covered
- Once a member has covered four family members, the election may not be changed until each person elected has been covered for a minimum period of one year.
- Scheme A Benefit = R 3,000 Cost = R12 per month per person
- Scheme B Benefit = R 4,000 Cost = R16 per month per person
- Scheme C Benefit = R 5,000 Cost = R20 per month per person
- Scheme D Benefit = R 10,000 Cost = R40 per month per person
Parent Funeral Cover
Members can enroll their natural parents and parents-in-law, for funeral benefits. Those insured must be under the age of 75 years before the first insurance premium is paid. The cost for this benefit is payable by the member.
- Scheme A - Benefit = R3, 000 - Cost = R15 per month per parent covered
- Scheme B - Benefit = R4, 000 - Cost = R18 per month per parent covered
- Scheme C - Benefit = R5, 000 - Cost = R20 per month per parent covered
- Scheme D - Benefit = R10, 000 - Cost = R50 per month per parent covered
There is a three-month initial waiting period - no claims can be made within this three-month period.
Group Funeral Benefits
To assist with funeral costs, the following benefits are paid:
- on the death of the member or spouse: R 15,000
- children (ages 14 to 22 years): R 10,000
- children (ages 6 to 13 years): R 6,000
- children (ages 1 to 5 years): R 3 000
- stillbirths(ages 0 to 11 months): R 1 000
If a dependent child is 22 years of age or older and is still in full-time education, the maximum age is 26 years. Disabled children are covered irrespective of age.
Death Before Retirement
Death benefit (for your dependents)
If you die in service before you retire, your dependents will receive:- your Share of the Fund
- Plus - a lump sum equal to 48 times your monthly earnings
- Plus - a funeral benefit equal to R 15,000
Beneficiary Form
When you join the HGPF, you must complete in a “Death Benefit beneficiary form”. This form state, who should receive the death benefit. The completed form must be handed to you employer and sent to the Fund together with a New Entrant form and will be used as a guide to the trustees of HGPF in deciding who should receive the benefit. Should the Fund not receive both forms before a claim is made, no payment will take place.
The Pension Funds Act states that direct dependants such as marriage partners and children should be the first to receive the death benefit. Other relatives such as parents or brothers and sisters are next in line.