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Voluntary Grouped Funeral Plan

digital@webshure.co.za (Elusha Cronje) — Wed, 04 Jun 2025 14:53:39 GMT

Money laundering, terrorist financing, and proliferation financing are some of the most significant threats to the integrity of the financial system, and global stability. These crimes enable criminal organisations, terrorist groups, and rogue states to profit from illegal activities, fund terrorist operations, and obtain weapons of mass destruction.
South Africa has recently been grey listed, which means that it has been identified as a jurisdiction under increased monitoring by the Financial Action Task Force ("FATF"). Being grey listed can have significant consequences for investment purposes and businesses operating in South Africa, particularly those engaged in international trade and financial transactions. It has thus far resulted in increased due diligence requirements and higher compliance costs and can also potentially result in reputational damage. To mitigate these risks, accountable institutions must ensure that their anti-money laundering, counter-terrorism and counter-proliferation financing policies and procedures are robust and compliant with the Financial Intelligence Centre Act, Act 38 of 2001 (“FICA”) and other incidental legislation, and that they are prepared to adapt to any changes in regulations or enforcement actions.
Therefore, it is crucial for individuals and businesses to be equipped with the knowledge and skills necessary to detect, prevent, and mitigate these risks and comply with its obligations in terms of FICA and incidental legislation.

COMPLIANCE TO REGULATORY REQUIREMENTS

FIC CLIENT SCREENING ON SYSTEM

COMPLIANCE TO REGULATORY REQUIREMENTS

Voluntary Grouped Funeral Plan Claim Documentation Requirements

Wed, 04 Jun 2025 14:22:27 GMT

Exodec/Safrican Insurance Company Limited must be notified of Funeral Claims within 6 (six) months of an Insured’s death. Even if all the required information is not yet available, it must still be notified of the potential Claim. The following information is required to process a Claim (standard claims package):

Policyholder

Fully completed, signed and stamped claim form
Copy of a signed policy document
Certified Copy of the deceased’s identity document
Certified Copy of the death certificate
Fully completed DHA1663 Notice of Death Form (all 3 pages)
Certified Copy of the Beneficiary identity document
Copy of 6 months receipts/bank transfers as proof of payments made
Proof of nominated RSA bank account for benefit payment not older than 3 (three) months
If the cause of death is unnatural - a completed police report is required in an instance of a motor vehicle accident, or where the death is under investigation or resultant from suicide.
Copy of the premium schedule

Spouse’s and Children’s funeral benefit

Fully completed, signed and stamped claim form
Copy of a signed policy document
Certified Copy of the deceased’s identity document or birth certificate
If no identity document or birth certificate – a copy of the clinic card or a hospital file is required
Certified Copy of the Death Certificate
Fully completed DHA1663 Notice of Death Form (all 3 pages)
Certified Copy of Policyholder’s Identity Document
Certified Copy of the marriage certificate, or a copy of the Lobola letter or an affidavit confirming person was life partner (2 family members), state duration
Copy of 6 months receipts/bank transfers as proof of payments made
Certified Copy of the Beneficiary identity document
Copy of the premium schedule
Proof of nominated RSA bank account for benefit payment not older than 3 (three) months
If the cause of death is unnatural – a completed police report is required in an instance of a motor vehicle accident, or where the death is under investigation or resultant from suicide.
If Child is over the age of 22 - we require a certified copy of a letter from the educational facility confirming the Child is registered and the course / grade that they are registered for.
A maximum period of 6 (six) months from the date of Death is permitted to submit all funeral claim requirements. Failure to comply with this will result in closure of the file and no further evidence being considered for assessment and processing of a Claim, unless there are extenuating circumstances acceptable to the Insurer for the late submission.
If there is no nominated beneficiary on the policy, the persons eligible to claim are - the spouse (first), if there is no spouse the child/ren(preferably the oldest child), if there are no children then a parent and if there is no parent then a sibling.
Letter of authority in cases where there are no beneficiaries where cousins, nieces, etc. claims an Affidavits from both sides of the family confirming that the said family member is claiming including their id copies.

NOTE:

All documents to be certified and no stamps must be older than 3 months
Additional information and / or documentation may be requested depending on the merit of the claim.
NB: the above are extracts and summaries from the Policy and do not replace the official Policy, which contains all rights of members.

Voluntary Traditional Family 1+5/9 Product

digital@webshure.co.za (Elusha Cronje) — Wed, 04 Jun 2025 14:00:07 GMT

VOLUNTARY GROUPED FUNERAL PLAN

Waiving of waiting period (Trial period) on death due to natural causes on a take-over policy can be waved on members where the proof of :
previous underwriting by a reputable underwriter can be provided indicating the same cover amounts, terms and conditions
as well as proof of premium payments for the previous 6 months paid over and received by the reputable underwriter and
a copy of the cancellation letter to the previous underwriter
Condition is that previous policy must have been underwritten through a reputable underwriter.
Proof of Marriage to be supplied at on boarding / inception:
Marriage Certificate
Lebola Letter with Chief letter confirming traditional marriage
If Life partners proof of this in the form of e.g. Utility bill with details of both main member and spouse or Medical aid membership or Birth Certificates of Children or Bond application or Rental Agreement
If this cannot be provided the person will have to be added as an extended to the policy.
Take Note:
No ex-spouses or ex-life partners can be covered as that relationship has been terminated and there is no insurable interest according to law.

Voluntary Standard Funeral Product

Wed, 04 Jun 2025 07:31:47 GMT

VOLUNTARY STANDARD FUNERAL PLAN

Proof of Marriage to be supplied at on boarding / inception:

• Marriage Certificate

• Lebola Letter with Chief letter confirming traditional marriage

• If Life partners proof of this in the form of e.g. Utility bill with details of both main member and spouse or Medical aid membership or Birth Certificates of Children or Bond application or Rental Agreement

• If this cannot be provided the person will have to be added as an extended to the policy.

Take Note:

• No ex-spouses or ex-life partners can be covered as that relationship has been

terminated and there is no insurable interest according to law.

Waiving of waiting period (Trial period) on death due to natural causes on a take-over policy can be waved on members where the proof of :
previous underwriting by a reputable underwriter can be provided indicating the same cover amounts, terms and conditions
as well as proof of premium payments for the previous 6 months paid over and received by the reputable underwriter and
a copy of the cancellation letter to the previous underwriter and onfirmation of the cancellation from the previous underwriter
Condition is that previous policy must have been underwritten through a reputable underwriter.