Traditional Family Plan (1+5/9)

Are you looking for a financial administration Plan, solution that can help you take care of your family? Look no further than Exodec! With our policy, you can add up to 9 of your closest family members and they will be covered in the event of a claim. So why wait? Contact us today and let us help you take care of your loved ones.

1+ 5 or 9 nominated family member insurance that pays a lump sum for you to be able to cover expenses when a loved one passes away.

One main member can take out a policy of our Plan and add either 5 or 9 nominated family members that are related to the main member. The main member and all their nominated family members will have the same benefit amount paid out when there is a claim.

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Traditional Family Plan  1+5/9 Rules:

  • The maximum entry age for a main member and nominated family members is 85 years 
  • 1 main member and either 5 or 9 nominated family members (Very important – must be related to main member and/or financially dependent)
  • Children under 6 years qualifies for a maximum benefit of R20 000 in line with regulations
  • Main Member and nominated family must have an insurable interest (Examples: spouse, children, brother, sister, parents, parents-in-law, brother-in-law, sister-in-law, niece, nephew)
  • Oldest person (principal / nominated) determines the entry age and rate applicable
  • Entry ages are all under 65 years or all under 75 years or all under 85 years
  • Children are nominated family members and therefore no age limit applies
  • Maximum entry age is 84 (under 85 years) for main members and nominated family members
  • If you want to replace an existing policy with this policy the waiting period can be waived on provision of the following documentation: proof of previous underwriting, proof of premium payments for the previous 6 months and cancellation of previous policy
  • Prices are age dependent

  • Whole of life – the Policy will be active for as long as premiums are paid and will not terminate at a certain age
  • Personal Service
  • Claims paid out within 48 hours after receiving all required documents
  • No Medical examination or medical questionnaire required
  • No stillborn cover
  • Equal cover for main member and nominated family members
  • NOTE: Children under 6 years – maximum cover R2000 in line with regulations
  • Waiting Period on death due to natural causes is 6 months from receipt of first premium
  • No waiting period on accidental death as long as first premium is paid
  • Suicide excluded for 12 months


  • Cover included for citizens from neighbouring countries (SADC) legally residing and working in South Africa
  • Nominated family legally residing with the main member in South Africa can also be covered
  • No illegal persons can be covered
  • No Foreigners living outside the border of South Africa can be covered
  • Repatriation of Mortal Remains included on the policy and is available within the borders of South Africa and neighbouring SADC countries

May be waived on members where at application stage the proof of:


  • No waiting period on Accidental death provided first premium is paid
  • 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

Please also take note that:

  • A copy of the ID and proof of address must be supplied for the main member
  • All nominated family members’ ID numbers and, if possible, a copy/photo thereof must accompany the application
  • No ex-spouse or ex-life partners can be covered as there is no insurable interest according to law anymore

  • Repatriation of mortal remains within the borders of South Africa and to neighbouring countries, by road, is included in the policy
  • Funeral Assistance for when the Main Member or Spouse passes away is also included in the policy:
  • R750 Airtime
  • R1000 Electricity Voucher
  • R2000 Grocery Voucher

Product is underwritten by Guardrisk Life Limited, FSP 76 and a licenced life insurer in terms of the Insurance Act.