Frequently Asked Questions

  • Insurance > TFG Accident Plan
    • Q: What are the benefits and who do they cover?
      A:

      Main Member - In the event of the main member's accidental death an amount of R50 000 will be paid out. A once-off R50 00 will also be paid out if the main member becomes permanently disabled as a result of an accident.

      Spouse - An amount of R25 000 will be paid out in the event of the main member's spouse's accidental death. A once-off R25 000 will also be paid out if the main member's spouse becomes permanently disabled as a result of an accident.

      Family (child) - An amount of R5 000 will be paid out in the event of the main member's child's accidental death. A once-off R5 000 will also be paid out if the main member's child becomes permanently disabled as a result of an accident. A maximum of four children can be covered under the policy.

    • Q: How much are the monthly premiums?
      A:

      Main Member only

      Main & Spouse

      Main & Child

      Main, Spouse & Child

      R31.50 per month

      R31.50 per month for the main member plus R19.50 per month for the spouse option, which is a total monthly premium of R51.00.

      R31.50 per month for the main member plus R5.00 per month for the family option, which is a total monthly premium of R36.50.

      R31.50 per month for the main member plus R19.50 per month for the spouse option plus R5.00 per month for the family option, which is a total monthly premium of R56.00.

    • Q: What are the waiting periods?
      A:

      There are no waiting periods applicable to the benefits, and cover is immediate.

    • Q: Do increases apply to my monthly premium?
      A:

      Yes, the monthly premium is subject to increase once every calendar year, but the main member will be notified of increases.

      No medical examinations are required. The Permanent Disability benefit is only payable once for each person insured under the policy. Where it has been paid out during the term of the policy, only the Death Benefit for that insured will remain and the premium will not reduce.

      The benefits will be paid to the main member, or to the main member's nominated beneficiary if the main member has died. A nominated beneficiary is someone the main member chooses to receive the payment if he/she dies.


      Terms and conditions apply.
      Foschini Retail Group (Pty) Ltd is an authorised financial services provider. Insurance is underwritten by Guardrisk Life Limited, an authorised financial services provider.