Accident and Death

Accident and Death cover is cover which pays benefits to your nominated beneficiary in the event of your accidental and / or natural death.

Funeral Plan

Funeral Plan is an optional insurance product which provides TFG customers with the following benefit:

R32 500 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 benefits:

– Repatriation of mortal remains: A service to assist your family with the arrangements to transport your body to your hometown within South Africa, if you die more than 100km from where you live, provided that the death occurred in South Africa, eSwatini, Lesotho, Namibia, Botswana, Mozambique or Zimbabwe.

– Accommodation benefit for one night, valued at R500, where a family member is required to identify your body at an out of town location.

– 24 hour counselling line.

- 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.

- 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.

All these benefits are available for R52.50 per month, billed to your TFG store account or debited from your personal bank account. The premium is guaranteed for the first month and reviewed once a year.

Terms and conditions 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.

 

TFG Funeral Plan Policy and Disclosure

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Income Aid

TFG Income Aid*:

Disability Benefit (Temporary and  Permanent)

  • if in the event you become temporary disable for 2 months of longer you or your spouse will receive an amount of R1 650 per month for every month that you or your spouse are unable to work. This amount will be paid to you as a lump sum.
  • if in the event you and your spouse become permanently disabled you will receive a payout of R19 800.

Retrenchment Benefit

  • if you are retrenched and remain unemployed for 90 days or more and the terms and conditions of this policy are met, we will pay you an amount of R6 600.

Additional Benefit

  • Tax and Financial Assist helpline
  • Credit Assist helpline

Waiting Period: 3 Months

Price: R34.39

TFG Income Aid Spouse*:

Disability Benefit (Temporary and  Permanent)

  • if in the event you become temporary disable for 2 months of longer you or your spouse will receive an amount of R1 650 per month for every month that you or your spouse are unable to work. This amount will be paid to you as a lump sum.
  • if in the event you and your spouse become permanently disabled you will receive a payout of R19 800.

Retrenchment Benefit

  • if you or your spouse are retrenched and remain unemployed for 90 days or more and the terms and conditions of this policy are met, we will pay you an amount of R6 600.

Additional Benefit

  • Tax and Financial assist helpline
  • Credit Assist helpline                                                                                                                                                                            

Waiting Period: 3 Months

Price: R18.15

*Terms and conditions apply. Foschini Retail Group (Pty) Ltd is an authorised financial services provider. Insurance is underwritten by Guardrisk Life Limited, an authorised financial services provider.

Income Aid Policy Document

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LifeNet

As an account holder at any TFG (The Foschini Group) store, you have access to these optional products:

LifeNet:

LifeNet provides the following benefits:

Death benefit: R13 500 will be paid if you die from natural causes and R21 000 will be paid if your death is because of an accident.

Retrenchment benefit: A maximum of 3 consecutive payments of R950.00 each will be paid to your TFG store account if you are retrenched and lose your job. If the instalment due by you is less than R950.00, your account will be credited with such lesser amount. 

The death benefit for natural death and the retrenchment benefit are subject to a three month waiting period from the start date of the policy.

Both these benefits are available for R33.50 per month, guaranteed for the first month and billed to your TFG account. The premium is reviewed once a year.

Your spouse can also be covered by the death benefit only for an additional premium of R21.50 a month, guaranteed for the first month and reviewed once a year, which means a total monthly premium of R55.00.

Terms and conditions 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 Insurance Company Limited, an authorised financial services provider.

 

LifeNet Platinum:

LifeNet Platinum provides the following benefits:

Death benefit: R13 500 will be paid if you die from natural causes and R27 000 will be paid if your death is because of an accident.

Retrenchment benefit: A maximum of 3 consecutive payments of R2 000.00 each will be paid to your TFG store account if you are retrenched and lose your job. If the instalment due by you is less than R2 000.00, your account will be credited with such lesser amount. 

The death benefit for natural death and the retrenchment benefit are subject to a three month waiting period from the start date of the policy.

Both these benefits are available for R44.50 per month, guaranteed for the first month and billed to your TFG account. The premium is reviewed once a year.

Terms and conditions 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 Insurance Company Limited, an authorised financial services provider.

 

 

LifeNet and LifeNet Spouse Policy and Disclosure

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LifeNet Platinum and LifeNet Spouse Policy & Disclosure

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TFG Accident Plan

TFG Accident Plan

When you’re on the go, we’ve got you covered.

As an Account Holder at any TFG (The Foschini Group) store, you have access to this optional insurance product.

TFG Accident Plan provides an Accidental Death benefit and a Permanent Disability benefit.

Main member cover:
In the event of your accidental death, an amount of R50 000 will be paid to your beneficiary. A once - off payment of R50 000 will also be made to you if you become permanently disabled as a result of an accident. The monthly premium is R31.50, billed to your TFG store account.

 

 Spouse cover:

An amount of R25 000 will be paid to you in the event of your spouse’s accidental death. A once-off payment of R25 000 will also be made to you if your spouse becomes permanently disabled as a result of an accident. The monthly premium is an additional R19.50, meaning a total monthly premium of R51.00, billed to your TFG store account.

Family cover (for up to four of your children who are under 21):

An amount of R5000 will be paid to you in the event of your child’s accidental death. A once –off payment of R5 000 will also be made to you if your child becomes permanently disabled as a result of an accident. The monthly premium is an additional R5.00, meaning a total monthly premium of R36.50, billed to your TFG store account.

 

If you choose the spouse option and family option, the total monthly premium will be R56.00.

There are no waiting periods applicable.

Terms and Conditions apply.

Foschini Retail Group (Pty) Ltd is an authorised financial services provider. Insurance underwritten by Guardrisk Life Limited, an authorised financial services provider.

 

TFG Accident Policy and Disclosure

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TFG Retrenchment Plan

TFG Retrenchment Plan offers you the following benefits:

The Retrenchment benefit:

  • if you are retrenched you will be paid an amount of R20 000. There is a waiting period of six months for this benefit from the starting date of the policy.

The Credit Insurance benefit:

  • if you are retrenched, Guardrisk will pay a maximum of 6 consecutive installments of up to R2 500 each, which will be credited to your TFG store account. Therefore, if you lose your job because you are retrenched, we will assist you in paying your TFG store account.  There is a waiting period of 6 months for this benefit from the starting date of the policy.

The Disability benefit:

  • covers both permanent and temporary disability and gives you up to R24 000 disability cover. You will receive an amount of R2 000 per month for every month that you are unable to work, up to a maximum of 12 months in a 24 month cycle if you are temporarily disabled. This amount will be paid to you as a lump sum. You will receive a payout of R24 000 if you become permanently disabled.  There is a waiting period of three months for the Disability benefit, from the starting date of the policy.

All these benefits are available for only R 75.65 per month (with spouse option for additional R40.35 per month), billed to your TFG store account.

Terms and Conditions apply. 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 Retrenchment Plan and TFG Retrenchment Plan Plus Policy & Disclosure

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TFG Accident Plan Namibia

As an account holder at any TFG (The Foschini Group) store, you have access to this optional insurance product. TFG Accident Plan provides an Accidental Death benefit, Permanent Disability benefit and Bodily Injury benefit. Main member cover: 

If you die from an accident, an amount of N$50 000 will be paid to your beneficiary. A once - off N$50 000 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 N$5 000.

The monthly premium is N$34.50, billed to your TFG store account.

Spouse cover:

An amount of N$25 000 will be paid if your spouse dies from an accident. A once-off N$25 000 will also be paid to you if your spouse becomes permanently disabled because of an accident. If your spouse suffers a bodily injury because of an accident, you will be paid a once-off N$5 000.

The monthly premium is an additional N$21.50, billed to your TFG store account.

Family cover (for up to four of your children:

An amount of N$5000 will be paid to you if your child dies from an accidental. A once –off N$ 5 000 will also be paid to you if your child becomes permanently disabled because of an accident.

The monthly premium is an additional N$5.50, billed to your TFG store account.

There are no waiting periods applicable. Terms and conditions apply.

Fashion Retailers (Pty) Ltd acts as a registered agent. Insurance is underwritten by Alexander Forbes Insurance Company Namibia Limited.

 

TFG ACCIDENT PLAN POLICY AND DISCLOSURE NOTICE

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