BlueChip Funeral Policy

It has been said that the only certainties in life are death and taxes. Due to the inevitable costs associated with death, and the unfortunate timing of this event, it is vitally important to make provision for it. During this very traumatic and difficult time, the last thing a person wants to worry about is finances. The Bluechip Business Opportunity Group Funeral Plan offers cash that is paid within 24 hours of all relevant documents being received.

Benefit Structure

LIVES ASSURED	PLAN 'A'	PLAN 'B'
Member	R 5 000	R 10 000
Spouse	R 5 000	R 10 000
Children over 14 to 20/25 years	R 5 000	R 10 000
Children 6 to 13 years	R 2 500	R 5 000
Children 0 to 5 years (incl. stillborn babies)	R 1 250	R 2 500

Premium Structure

Cover	Member Only:		Member and Famliy:
Required	18-65	66-75	18-65	66-75
R5 000	R40	R70	R50	R80
R10 000	R52	R85	R60	R90

Premiums indicated are per month.

Who May Join

1. Any person and his/her spouse under the age of 75, as well as their children up to the age of 21 years, may join.
2. All unmarried and dependent children who study full time up to and including the age of 25 years.
3. All physically or mentally disabled children who are dependent on their parents irrespective of age. (An illness is not classified as a disability.)

Waiting Period

1. 1 (one) month waiting period in the event of unnatural deaths
2. 6 (six) month waiting period for all categories
3. Waiting period regarding suicide or illness or medical conditions the deceased was suffering from, or receiving treatment for, at the time the application was signed, remains at 24 months.

Death As a Result of:

Pro-rata benefits for deaths resulting directly or indirectly, fully or partially, from the following illnesses:

• Stroke
• Ischaemic heart disease / heart attack
• Tuberculosis
• Cancer
• HIV / AIDS

The following pro rata benefits will apply:

I.	0 – 6 months membership	no benefit
II.	7– 12 months membership	25% of claim amount
III.	13 – 18 months membership	50% of claim amount
IV.	19 – 23 months membership	75% of claim amount
V.	24 months membership	100% of claim amount

The family / beneficiary will have six (6) months (from the date of death) in which to provide documentary proof / evidence that the death in fact was not as a result of the above mentioned conditions – If such proof / evidence can be supplied, then the balance of the death claim will be paid out. (It would be appreciated if this evidence can be provided within 14 days of the date of death).

Cover for death as a result of suicide, is subject to a minimum membership period of two (2) years.

Claim Procedures

Should death occur, the family should contact the Administrator BlueChip immediately on 021 913 6810 or fax 021 913 6842. A claim form should be obtained and completed and a certified copy of the death certificate attached. Your claim will receive priority attention to ensure a swift settlement.

Payment of Claims

An Electronic Banking Facility enables BlueChip to attend to claims within 24 hours. This ensures you immediate access to your funds once the claim has been processed.

It is important to take note of the following:

1. Only claims submitted within six (6) months of the date of death will be considered for payment.
2. No claim will be honoured if premiums are in arrears or short paid.
3. Claims for common-laws not declared will not be considered for payment in the event of death. (Traditional marriages (Lobola) included.)
4. No claims submitted by fax will be accepted.
5. No claims in respect of grandchildren or foster children will be considered, unless proof of legal adoption has been supplied.

General Rules of the Scheme

1. No restrictions are placed on the size of a family.
2. Members not legally married but living together as a family can still enjoy family benefits provided that all relevant particulars are stated on the application for membership.
3. Cover under this scheme will cease in respect of a particular member when premiums are not paid in time to the contractor and received by KGA.
4. Cover under the scheme is provided on a month to month basis. No reserves are built up under the scheme, therefore premiums are payable lifelong and there are no surrender values when cover ceases.
5. If a member as mentioned in 5 above should rejoin the scheme at a later stage the same conditions as for new membership will apply.
6. Premiums under the scheme are not guaranteed and can be adjusted by the insurer at any stage.
7. When a member increases his cover under the scheme the increased cover will be subject to the relevant waiting period, before the full cover commences.
8. Membership under the scheme can only commence on the Ist day of a month.
9. An application for membership which is received during a month will, if accepted, only be admitted as a member of the scheme from the first day of the month that follows the receipt of the application. Cover will commence after the stipulated waiting period has expired.
10. Cover for death as a result of suicide, is subject to a minimum membership period of two (2) years