Temporary Income Protector

The Temporary Income Protector is designed to offer financial support when you need it most. It provides 75% of your average basic salary for up to a maximum of five months. Please note that risk premium deductions and other statutory deductions will be applied.

There is a waiting period of one month before this benefit becomes available.

Lump Sum Benefits

In the event of a member becoming disabled, our Fund offers Lump Sum Disability Benefits. These benefits include four times the member's annual salary, in addition to the retirement benefit accrued up to the date of disability. There is a waiting period of 6 months before these benefits can be claimed.

Once a disability claim is approved, benefits are payable until the member reaches the age of 65.

Regarding the payment process, members are required to purchase a compulsory pension—either a living or life annuity—from a registered insurer, using at least two-thirds of their retirement benefit. However, if the total benefit is R247,500 or less, a one-third cash lump sum option is available.

Qualifying criteria and some procedures of disability benefits

Total and Permanent Disability is defined as: -

The total and permanent and continuous inability, in the opinion of the insurance company, of a member, due to injury or illness, to engage for remuneration or profit in his own occupation or any other occupation for which he/she is suited or for which he/she is or could reasonably be expected to become qualified by virtue of his knowledge, training, education, ability and experience, or the permanent impairment of a member’s mental or physical condition to such extent that he/she is unable to attend to his normal bodily functions. 

Waiting period

There is a waiting period from the date of disablement to the payment of the benefit. The underwriter/insurance company may, at its discretion, assess the claim in a shorter period and pay the claim sooner but payment is only made after the expiry of the waiting period. The initial medical report and examination report are paid for by the member. 

If the underwriter/insurance company requests the member to go for any further medical examinations or reports the underwriter/insurance company is responsible for paying for those medicals.

Claims must be notified to the Fund within 6 months from the date of disability. For the insurer to consider a valid claim these must be notified to the underwriter within 6 months of the date of disability and all the required documents must be submitted within 6 months of the date of disability. Any claims received after this period will be declined.