SA Army Foundation Membership Cost Benefits and Services
Included in Army Foundation membership are:
- Group Life Benefit cover for main member and spouse.
- Funeral cover for main member and spouse.
- Funeral cover for children (cover as per schedule)
- and much more!
- Once main member retires - debit order to continue.
- Once the main member has passed on - spouse may continue.
- Additional spouses can now also be included at a premium of R76 for a Group Scheme cover of R40 000 & Family Protection Cover of R20 000
1 April 2018
|Insured Party||Army Foundation Group Scheme Cover||Army Foundation Risk Funeral Cover||Accidental Death Benefit||Monthly Premium||Annual Premium|
|Single Member||R40 000||R20 000||R20 000||R120||R1 440|
|Single with children||R40 000||R20 000||R20 000||R140||R1 680|
|Married Member||R40 000||R20 000||R20 000||R195||R2 340|
|Spouse||R40 000||R20 000|