Accident and Death cover is cover which pays benefits to your nominated beneficiary in the event of your accidental and / or natural death.
Funeral Plan is an optional insurance product which provides TFG customers with the following benefit:
R32 500 death benefit for accidental or natural death. The natural death benefit is subject to a three month waiting period from the starting date of the policy.
The product also includes the following value added benefits:
– Repatriation of mortal remains: A service to assist your family with the arrangements to transport your body to your hometown within South Africa, if you die more than 100km from where you live, provided that the death occurred in South Africa, eSwatini, Lesotho, Namibia, Botswana, Mozambique or Zimbabwe.
– Accommodation benefit for one night, valued at R500, where a family member is required to identify your body at an out of town location.
– 24 hour counselling line.
- A R2 000 TFG gift card which will be sent to the claimant when a claim is approved and paid out, and which can be used to clothe the deceased or his/her family on the day of the funeral. This gift card is valid for 3 years.
- A 15 % discount at Doves Group (Pty) Ltd. Claimants will receive a 15 % discount on all Doves products and services which are requested from Doves for the insured's burial/ funeral requirements.
All these benefits are available for R52.50 per month, billed to your TFG store account or debited from your personal bank account. The premium is guaranteed for the first month and reviewed once a year.
Terms and conditions apply and can be downloaded by clicking on the below link.
Foschini Retail Group (Pty) Ltd is an authorised financial services provider. Insurance is underwritten by Guardrisk Life Limited, an authorised financial services provider.
TFG Income Aid*:
Disability Benefit (Temporary and Permanent)
- if in the event you become temporary disable for 2 months of longer you or your spouse will receive an amount of R1 650 per month for every month that you or your spouse are unable to work. This amount will be paid to you as a lump sum.
- if in the event you and your spouse become permanently disabled you will receive a payout of R19 800.
Retrenchment Benefit
- if you are retrenched and remain unemployed for 90 days or more and the terms and conditions of this policy are met, we will pay you an amount of R6 600.
Additional Benefit
- Tax and Financial Assist helpline
- Credit Assist helpline
Waiting Period: 3 Months
Price: R34.39
TFG Income Aid Spouse*:
Disability Benefit (Temporary and Permanent)
- if in the event you become temporary disable for 2 months of longer you or your spouse will receive an amount of R1 650 per month for every month that you or your spouse are unable to work. This amount will be paid to you as a lump sum.
- if in the event you and your spouse become permanently disabled you will receive a payout of R19 800.
Retrenchment Benefit
- if you or your spouse are retrenched and remain unemployed for 90 days or more and the terms and conditions of this policy are met, we will pay you an amount of R6 600.
Additional Benefit
- Tax and Financial assist helpline
- Credit Assist helpline
Waiting Period: 3 Months
Price: R18.15
*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.
LifeNet*:
- Price of LifeNet is R30.26 per month for Death Benefit + Retrenchment Benefit .
- Death benefit: R12 300.00 will be paid in the event of your natural death and R18 500.00 will be paid in the event of your accidental death.Subject to a three month waiting period from the starting date of the policy for natural death.
- Retrenchment benefit: Maximum of 3 consecutive R860.00 installment will be credited to your TFG store account should you become unemployed or suffer loss of employment due to a staff reduction program. If the installments due by you are less than R860.00 per month, your account will be credited with such lesser amount. Subject to a three month waiting period from the starting date of the policy.
LifeNet Plus*:
- Price of LifeNet Plus is R49.93 per month (R30.26 for you + R19.67 for your spouse)
- Death Benefit for you and your spouse + Retrenchment Benefit for you only
- Death benefit: R12 300.00 will be paid if either you or your spouse die a natural death. R18 500.00 will be paid if either you or your spouse die an accidental death. Subject to a three month waiting period from the starting date of the policy for natural death.
- Retrenchment benefit: Cover for you only
- Maximum of 3 consecutive R860.00 installments will be credited to your TFG store account should you become unemployed or suffer loss of employment due to a staff reduction program. If the installments due by you are less than R860.00 per month, your account will be credited with such lesser amount. Subject to a three month waiting period from the starting date of the policy.
LifeNet Platinum*:
- Price of LifeNet Platinum is R40.35 per month for Death Benefit + Retrenchment Benefit.
- Death benefit: R12 300.00 will be paid in the event of your natural death and R24 650.00 will be paid in the event of your accidental death. Subject to a three month waiting period from the starting date of the policy for natural death.
- Retrenchment benefit:
- Maximum of 3 consecutive R1 850.00 installments will be credited to your TFG store account should you become unemployed or suffer loss of employment due to a staff reduction program. If the installments due by you are less than R1 850.00 per month, your account will be credited with such lesser amount. Subject to a three month waiting period from the starting date of the policy.
Terms and Conditions apply.
*Foschini Retail Group (Pty) Ltd is an authorised financial services provider. Insurance is underwritten by Guardrisk Insurance Company Limited, an authorised financial services provider.
TFG Accident Plan
When you’re on the go, we’ve got you covered.
As an Account Holder at any TFG (The Foschini Group) store, you have access to this optional insurance product.
TFG Accident Plan provides an Accidental Death benefit and a Permanent Disability benefit.
Main member cover:
In the event of your accidental death, an amount of R50 000 will be paid to your beneficiary. A once - off payment of R50 000 will also be made to you if you become permanently disabled as a result of an accident. The monthly premium is R31.50, billed to your TFG store account.
Spouse cover:
An amount of R25 000 will be paid to you in the event of your spouse’s accidental death. A once-off payment of R25 000 will also be made to you if your spouse becomes permanently disabled as a result of an accident. The monthly premium is an additional R19.50, meaning a total monthly premium of R51.00, billed to your TFG store account.
Family cover (for up to four of your children who are under 21):
An amount of R5000 will be paid to you in the event of your child’s accidental death. A once –off payment of R5 000 will also be made to you if your child becomes permanently disabled as a result of an accident. The monthly premium is an additional R5.00, meaning a total monthly premium of R36.50, billed to your TFG store account.
If you choose the spouse option and family option, the total monthly premium will be R56.00.
There are no waiting periods applicable.
Terms and Conditions apply.
Foschini Retail Group (Pty) Ltd is an authorised financial services provider. Insurance underwritten by Guardrisk Life Limited, an authorised financial services provider.
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TFG Retrenchment Plan offers you the following benefits: The Retrenchment benefit:
The Credit Insurance benefit:
The Disability benefit:
All these benefits are available for only R 75.65 per month (with spouse option for additional R40.35 per month), billed to your TFG store account. Terms and Conditions apply. Foschini Retail Group (Pty) Ltd is an authorised financial services provider. Insurance is underwritten by Guardrisk Insurance Company Limited, an authorised financial services provider.
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