As an account holder with TFG (The Foschini Group), you have access to optional insurance products that will provide you with account settlement benefits in the event of your death, as well as a product which includes SMS alerts sent to your cellphone to confirm purchases made on your TFG account.
Account Balance Protection
As an account holder at any TFG (The Foschini Group) store, you have access to this optional insurance product.
Account Balance Protection provides the following benefit:
Account settlement in the event of death. The amount paid will be based on the total amount outstanding on your store account on the date of your death.
There is a three month waiting period for natural death, from the start date of the policy.
The monthly premium is R0.30 for every R100 (or any part thereof) which is outstanding on your account with us, and is billed to your TFG store account. The premium is guaranteed for the first month and may be reviewed once a year.
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.
Account Benefits
As an account holder at any TFG (The Foschini Group) store, you have access to this optional product which includes the following benefits:
- Account Settlement benefit*: When you die, an amount up to a maximum of R 2 000 will be credited to your TFG store account towards payment of the outstanding balance. If you have a zero balance or positive balance at the time of your death, R2 000 will be paid to your beneficiary. If you have an outstanding balance on the account less than R2 000 when you die, TFG will settle the balance and the difference will be paid to your beneficiary; for accidental death if you die under the age of 40, and for accidental death or natural death if you die over the age of 40.
- Death benefit*: R 2 000 payout for accidental death if you die under the age of 40, and for accidental death or natural death if you die over the age of 40.
- Lost Card Protection: protection in the event of your card being lost, stolen or fraudulently used.
- Purchase alerts: receive a SMS every time a purchase of R100 or more has been made on your TFG store account, giving details on where, when and how much the transaction was for.
Only R 35.31 billed to your TFG store account once every 6 months (for 6 months’ cover) and payable monthly. The amount may be reviewed once a year. 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.
Big Buy Account Balance Protection
As a Big Buy Account holder at a TFG (The Foschini Group) store, you have access to this optional insurance product.
Big Buy Account Balance Protection provides the following benefit:
Account settlement in the event of death. The amount paid will be based on the total amount outstanding on your Big Buy Account on the date of your death.
There is a three month waiting period for natural death, from the start date of the policy.
The premium for the product will be billed to your Big Buy Account every month and will be calculated as follows:
R 0.30c for every R100 (or any part thereof) owing on your Big Buy Account.
The premium will vary every month, depending on the outstanding balance. The premium is guaranteed for the first month and may be increased, but you will be informed of any increases.
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.
