Optional accident and death TFG Insure products pay benefits to the policyholder’s nominated beneficiary if the policyholder dies.
TFG’s Funeral Plan is an optional life insurance product which provides TFG customers with the following benefit:
R34 000 funeral benefit for accidental or natural death, paid to any person the customer chooses. The natural death benefit is subject to a three month waiting period from the starting date of the policy. During this waiting period, a death from natural causes will not be covered.
The product also includes the following value added benefit:
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.
This value added benefit is not offered by Guardrisk Life Limited, is not linked to the insurance benefit under Funeral Plan and is offered by TFG.
Unlike insurance benefits, this additional gift card benefit is not regulated by the Financial Advisory and Intermediary Services Act, so the TFG customer won’t have the same protections under this benefit that he/she does under the insurance benefit.
These benefits are available for R55.00 per month, billed to the TFG customer’s TFG Money Account or debited from the TFG customer’s personal bank account. The premium is guaranteed for the first year and reviewed once a year thereafter.
Terms, conditions, limitations, exclusions and charges 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 and an insurer licensed to conduct life insurance business in terms of the Insurance Act 18 of 2017.
We are not selling this product at the moment. If you already have a policy, and would like to view/download your latest policy and disclosure notice, please click on the icon below.
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
As a TFG Money Account holder, you have access to this optional life insurance product.
TFG Accident Plan provides customers who take up the product with an Accidental Death benefit, Permanent Disability benefit and Bodily Injury benefit.
Main member cover:
If you die from an accident, an amount of R70 000 will be paid to your beneficiary. A once-off R70 000 will also be paid to you if you become permanently disabled because of an accident. If you suffer a bodily injury because of an accident, you will be paid a once-off R15 000.
The monthly premium is R40.00, billed to your TFG Money Account.
Partner cover:
An amount of R35 000 will be paid if your partner dies from an accident. A once-off R35 000 will also be paid to you if your partner becomes permanently disabled because of an accident. If your partner suffers a bodily injury because of an accident, you will be paid a once-off R15 000.
The monthly premium is an additional R25.00, billed to your TFG Money Account.
Family cover (for up to four of your children):
An amount of R15 000 will be paid to you if your child dies from an accident. A once-off R15 000 will also be paid to you if your child becomes permanently disabled because of an accident. If your child suffers a bodily injury because of an accident, you will be paid a once-off R15 000.
The monthly premium is an additional R6.00, billed to your TFG Money Account.
The monthly premium is guaranteed for the first month and reviewed once every calendar year. You will be notified of premium increases and the reasons for the increase 31 (thirty-one) days before any change is due to take effect.
There are no waiting periods applicable.
Terms, conditions, limitations, exclusions and charges apply and can be viewed by clicking on the icon below.
Foschini Retail Group (Pty) Ltd is an authorised financial services provider (FSP no. 32719). Insurance is underwritten by Guardrisk Life Limited, an authorised financial services provider (FSP no. 76) and an insurer licensed to conduct life insurance business in terms of the Insurance Act 18 of 2017.
TFG Funeral Value is an optional insurance product which provides TFG customers with the following benefit:
R5 000 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 benefit:
- 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.
These benefits are available for R15.00 per month, billed to your TFG store account. The premium is guaranteed for the first month and reviewed once a year.
Terms, conditions, exclusions, limitations and charges apply and can be downloaded by clicking on the link below.
Foschini Retail Group (Pty) Ltd is an authorised financial services provider. Insurance is underwritten by Guardrisk Life Limited, an authorised financial services provider.
R10 000 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 benefit:
- 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.
These benefits are available for R25.00 per month, billed to your TFG store account. The premium is guaranteed for the first month and reviewed once a year.
Terms, conditions, exclusions, limitations and charges apply and can be downloaded by clicking on the link below.
Foschini Retail Group (Pty) Ltd is an authorised financial services provider. Insurance is underwritten by Guardrisk Life Limited, an authorised financial services provider.
TFG Life Cover
As a TFG Customer (TFG Money Account holder or TFG Rewards customer), you have access to this optional life insurance product.
TFG Life Cover provides you with death cover and permanent impairment cover in the event of your death or if you are diagnosed with a permanent impairment up to a maximum of
R1 000 000 if you are a TFG Rewards Customer and R500 000 if you are a TFG Money Account Holder, depending on the cover amount chosen by you during take up of this product.
TFG Life Cover includes the following benefits:
Death Benefit - When you die a natural or accidental death, the Death Benefit amount chosen by you when you took up the TFG Life Cover, will be paid* to your beneficiary.
*The amount paid under the Death Benefit will be less any amount paid under the Immediate Expenses Benefit.
Immediate Expenses Benefit - When you die a natural or accidental death, an amount equal to 10% of the Death Benefit amount will be paid to your beneficiary (up to a maximum amount of R100 000) within 48 (forty-eight) hours after we receive the required claim documents.
The balance of the Death Benefit will be paid when the claim is finalised.
Permanent Impairment Benefit – If you are diagnosed with a permanent impairment which includes going deaf or blind, or losing function in a hand or leg, or having a limb amputated, an amount equal to the Death Benefit amount will be paid to you.
When the Permanent Impairment Benefit is paid, your TFG Life Cover policy will end. This means that no more premiums will be payable and there will be no more cover under the policy for any of the benefits.
There are no waiting periods for this product, but there is an exclusion for death by suicide for the first two years from the date that you take up the product (this means that death by suicide will not be covered in these two years).
Pre-existing conditions are not covered i.e. Illnesses or bodily injuries which you sustained or contracted before the starting date of the policy that result in a claim event.
The monthly premium for the product is billed monthly to your TFG Money Account or paid monthly via a debit order from your personal bank account. The premium is guaranteed for the first month and is subject to review once every year.
Terms, conditions, limitations, exclusions and charges apply and can be downloaded by clicking on the icon below.
Foschini Retail Group (Pty) Ltd is an authorised financial services provider (FSP no. 32719). Insurance is underwritten by Guardrisk Life Limited, an authorised financial services provider (FSP no. 76) and an insurer licensed to conduct life insurance business in terms of the Insurance Act 18 of 2017.
TFG Education Plan is an optional life insurance product underwritten by Guardrisk Life Limited. This product is designed to assist TFG customers with the costs associated with the education of the customer’s child if the customer dies or becomes permanently disabled. The product also includes a death benefit which pays out a lump sum to the customer if his/her child dies while the policy is in force.
If the customer dies or becomes permanently disabled while his/her child is enrolled in a school, we will pay an amount each year. The amount is paid each year, up to a limit, until the customer’s child completes grade 12 or the limit of cover is reached, or until the policy ends for some other reason. The yearly amount paid is R5 000.00 while the customer’s child is in primary school which is grade 1 to grade 7 and R10 000.00 per year while the customer’s child is in high school which is grade 8 to grade 12 and is paid to the customer if he/she becomes disabled or to the customer’s beneficiary if the customer dies.
The limit of cover for primary school is R35 000.00 and the limit of cover for high school is R50 000.00. The policy will never pay out more than the limit of cover. This limit applies for the period the benefit is payable.
The disability benefit is a once-off benefit. When the customer successfully claims for disability, the death benefit will end.
If the customer’s child dies while the policy is in force, we will pay the customer R10 000. The policy ends if the child dies.
There is a waiting period of 6 months from the starting date which applies to the customer’s or the customer’s child’s natural death, and the customer’s permanent disability. There is no waiting period for accidental death.
A child is defined in the policy as an unmarried natural child, legally adopted child, or stepchild who is enrolled at school and who is between the ages of 6 and 16 (not younger than 6 and not older than 16) at the starting date of the policy. Only one child can be covered by the policy – if the customer wants to cover more than one child, he/she must take out a new and separate policy for each child he/she wants to cover.
VALUE ADDED BENEFITS
The TFG Education Plan also provides an educational support services benefit, which includes the following services:
Study Master (web-based support services)
- is an online platform offering support and assistance for students in grades 1-12. It provides textbook summaries, interactive slides, audio videos, and practice test papers for languages and mathematics.
Teacher-On-Line (telephonic support)
- An interactive teacher platform which offers CAPS-aligned curriculum assistance for students in grades 1–12, relevant to both public and private schools. The service provides fast access to key topics in English and Afrikaans. Students can access teachers from 18:00-21:00 on 0861333 455.
The value added benefits are at no extra cost and subject to terms and conditions. These benefits are not offered by Guardrisk Life Limited and are not linked to the insurance product and the customer may choose whether to use these value added benefits, or not.
NO CLAIM BONUS
If the customer's child completes grade 12, which also ends the policy, we will pay the customer an amount equal to 15% of all amounts billed under the policy, calculated from the starting date of the policy until the customer’s child completes grade 12, provided no claim has been accepted and approved.
THE COST OF THE PRODUCT
The monthly premium is R100.00, guaranteed for the first month and subject to review once a year. The premium for the product is billed monthly to the customer’s TFG Money Account or paid via monthly debit order from the customer’s personal bank account.
CANCELLATION
The customer can cancel the product by giving us 31 days’ notice, by contacting the Customer Services Department on 0860 834 834.
Terms, conditions, limitations, exclusions and charges apply and can be downloaded by clicking on the link below.
Foschini Retail Group (Pty) Ltd is an authorised financial services provider. Insurance is underwritten by Guardrisk Life Limited, an authorised financial services provider and an insurer licensed to conduct life insurance business in terms of the Insurance Act 18 of 2017.
TFG Provider Plan is an optional life insurance product. The product pays 12 monthly amounts to your beneficiary if you die.
Benefits:
TFG Provider Plan provides death cover for natural and accidental death. Natural death is subject to a six-month waiting period from the starting date of the policy. During this waiting period, death from natural causes will not be covered.
Cover for you:
If you die, the insurer will pay the death benefit amount to your beneficiary each month for 12 months.
Partner cover:
If you select the partner option and your partner dies, the insurer will pay the death benefit amount to you each month for 12 months.
We have 5 cover options available:
| DEATH BENEFIT | PREMIUM (FOR YOU ONLY) |
PREMIUM FOR YOU AND YOUR PARTNER (IF YOU HAVE SELECTED THE PARTNER OPTION) |
| A total pay-out of R6 000 (R500 paid monthly for 12 months) |
R15.00 per month | R25.00 per month (R15.00 for you and R10 for your partner) |
| A total pay-out of R12 000 (R1 000 paid monthly for 12 months) |
R25.00 per month | R47.00 per month (R25.00 for you and R22.00 for your partner) |
| A total pay-out of R18 000 (R1 500 paid monthly for 12 months) |
R38.00 per month | R70.00 per month (R38.00 for you and R32.00 for your partner) |
| A total pay-out of R30 000 (R2 500 paid monthly for 12 months) |
R63.00 per month | R117 per month (R63.00 for you and R54.00 for your partner) |
| A total pay-out of R42 000 (R3 500 paid monthly for 12 months) |
R88.00 per month | R164.00 per month (R88.00 for you and R76.00 for your partner) |
The premium for this product can be billed to your TFG Money Account or debited from your personal bank account. The premium is guaranteed for the first month and can be reviewed once a year.
Suicide is excluded for one year after the policy starts.
Terms, conditions, limitations, exclusions and charges apply and can be downloaded by clicking on the icon below.
Foschini Retail Group (Pty) Ltd is an authorised financial services provider. Insurance is underwritten by Guardrisk Life Limited, an authorised financial services provider and an insurer licensed to conduct life insurance business in terms of the Insurance Act 18 of 2017.
