Yes, your child will be covered until the age of 25 on the condition that they are still attending school and fully dependent on the policyholder (parents/guardian).

Yes, you can, but you will need all the legal documents stating that you’re the children’s legal guardian.

You can also cover your grandchildren under extended family members on the policy.

Your extended family includes the policyholder's parent or parent-in-law, child, nephew or niece, uncle or aunt, cousin, grandparent, grandchild, brother or brother-in-law, and sister or sister-in-law.

•  Cousin: the child of the policyholder's uncle/aunt
• Grandchild: the child of the policyholder's son or daughter
• Grandparent: the mother or father of the policyholder's or spouse's parent
• Nephew/niece: the son/daughter of the policyholder's or spouse's brother or sister
• Uncle/aunt: the brother/sister of the policyholder's mother or father

Dependents are persons who rely on another, especially a family member, for financial support.

You are covered for the remainder of your life provided that the policy is active and that your premiums are up to date. The policy has a maximum entry age:

• Main insured and spouse: 18 - 65
• Children: 0 - 25
• Extended family members: 0 - 84
• Parents/parents-in-law: 18 – 84

The money will be paid out on a valid claim to yourself or your nominated beneficiary as soon as all documents have been received, and policy conditions have been met.

No, there is no once-off or policyholder fee.

Yes, your premium will change annually as your age changes, and if you chose an automatic annual/benefit increase. As the life assured will be one year older at that time, you may expect that the premium payable will increase.

Should you choose to increase the sum assured at the policy anniversary, there will be an additional premium payable for the additional cover, however, Standard Bank Insurance Brokers will inform you of the changes to your policy 31 days before the changes are activated.

Upon receipt of your annual renewal letter, you should review the changes that are expected to be enforced to your policy.

If you’re unhappy with the adjustments to your policy, please contact Standard Bank Insurance Brokers to discuss different options to suit your needs.

No, that won’t be possible as the premiums are collected monthly i.e. this is a month-to-month policy.

The premium is payable monthly in advance. If there are insufficient funds in the account, we may track your account using a PASA approved system and re-send the instruction for payment as soon as sufficient funds are available in the account.

Your policy will not lapse if you are unable to pay a premium. However, if you skip a premium, the value of the policy benefit will be reduced proportionately.