A fixed annual benefit is payable for the remainder of your child's education in the event of you passing away, getting disabled or due to terminal illness Annual benefits:

• R45,838 each year for primary school from the age of 5 to 13
• R57,298 each year for secondary school from age 14 to 18
• R85,947 each year for tertiary education from age 19 to 22.

Increasing every year by inflation!

Benefits are payable to a guardian of your choice or to FundiCapital (Fundi, with over 25 years of experience) to help safeguard your child's interests.

10% of your risk premiums (i.e. 6 months of risk premiums) will be paid back to your bank account every 5 years

If you are in full time employment (not self-employed), retrenchment assistance is provided to pay your premiums for up to 6 months to help you during this time.

Give your child all the support needed to success... by accessing the Learning HUB: professional online education content, learning support and exclusive offers related to your child's education needs.

An option to add a monthly savings of your choice (up to R2000 per month which can change at any point) through Nedbank who will invest and make it grow each year…for future education needs. You can draw from this account once per year and the balance when your child reaches age 22.

Please Note: This non-underwritten benefit is not regulated in terms of the Financial Advisory and Intermediary Services Act (“FAIS Act”) and therefore, you are not afforded the same protections which apply in respect of financial products or services which are regulated in terms of the FAIS Act.

For a complete list of FAQ please click through to this link:
https://www.futurewise.co.za/frequently-asked-questions.html

For a summary of possible answers to your questions:

• No medical requirements, easy questions to answer to confirm your cover.
• Up to a maximum of 3 children can be covered.
• Cover and premiums are based on insured and child's age.
• Benefits and premiums will increase annually in line with CPI.
• The Policy owner must be both life insured and the payer of the policy.
• Choose any debit order day that suites you.
• You choose when to start your first premium.
• The policy will lapse on the failed second debit order attempt…any savings will be paid out, if this option has been selected.
• Cover Exclusions:

  The Insurer shall not be obliged to make any payment in respect of any Claim Event which is directly or indirectly caused by, arising from, contributed to by, aggravated by, connected with, traceable to or resulting from any of the following:

  • Any pre-existing conditions within 12 (twelve) months from the Commencement Date. A pre-existing condition means an illness or Bodily Injury sustained or contracted by the Policyholder, which he/she has been aware of, or should reasonably have been aware of, consulted for, received medical treatment or advice for from a Medical Practitioner in the 12 (twelve) months preceding the Commencement Date of this Policy. This includes, but is not limited to, any physical or mental defect, symptoms, disease, infirmity, or condition which existed prior to the Commencement Date or Reinstatement Date of the Policy (whichever occurred last.
  • You being outside of South Africa for more than 90 (ninety) continuous Days.
  • Intentionally self inflicted injury, Suicide or attempted Suicide within 12 (twelve) months from the Commencement Date.
  • Any claims arising due to your use of drugs, narcotics or alcohol.
  • Your active participation in the commission of any criminal activity which results in a Claim Event.
  • Your participation in any Hazardous Activities.
  • Your active participation in war, invasion, acts of foreign enemies, hostilities, warlike operations (whether war be declared or not), civil war, insurrection, rebellion, revolution, civil commotion, uprisings or military power.
  • The use of nuclear, biological or chemical weapons, or any radioactive contamination by you.
• Retrenchment Benefit Exclusions:

  No Retrenchment Benefit will be paid in instances of:

  • Lawful dismissal, including dismissal as a result of willful misconduct that is a violation of said establishment, definite rule of conduct, a forbidden act, willful dereliction of duty or misconduct.
  • Voluntary forfeiture of salary, wages, or other Employment income.
  • Voluntary Retrenchment or termination of Employment.
  • Resignation or Retirement.
  • Participation in an unprotected strike.
  • Retrenchment within the first 12 (twelve) months after the Commencement Date.
  • Medical boarding.
• Waiting Periods:

  A period starting from the Commencement Date during which the Policyholder is not entitled to Policy Benefits whilst a Premium remains payable. Should a Claim Event, other than for Accidental Death occur within the Waiting Period, such Claim will not be payable.

  • A Waiting Period for Natural Death, Total Permanent Disability and Terminal Illness is 6 (six) consecutive months from the Commencement Date.
  • The Retrenchment Benefit has a Waiting Period of 12 (twelve) consecutive months from the Commencement Date.
  • Waiting Period will be applicable where the Claim Event is Accidental Death.