PYK Payment Receipt Booklet

14 Details of Dependent Children are required for the Insurance Contract and Funerary Management Benefit. A Dependent Child is a biological child, legally adopted child or a child adopted by custom provided that the natural parents are deceased, which child is below the age of 25 years of age, but excludes a child who survives a Policyholder and does not qualify as a Paid-up Dependant, a child of any Dependent Child of a Policyholder (i.e. grandchildren), or a child who is 25 (twenty- five) years or older. Dependent Children who are 25 years and older who are permanently dependent on you because of mental and/or physical disability, will qualify as Dependent Children if (i) the disability occurred and (ii) one premium was paid, before age 25. At claim stage, we may require an adoption certificate or other proof sufficient to show that a Dependent Child who is adopted or does not have the same surname as you, is a Dependent Child. In terms of the law the total maximum cover and funeral benefits that may be provided in respect of a Dependent Child below the age of 14 (fourteen) years of age, are: • A Dependent Child below 6 (six) years of age: R20 000, • A Dependent Child over 6 (six) years of age but below 14 (fourteen) years of age: R50 000, which maximum amounts may be amended from time to time in terms of the law. This means that the insurance cover and the funeral benefit in terms of the Funeral Policy in respect of a Dependent Child may not, in total for all funeral benefits provided under similar policies by Sanlam, exceed the maximum amounts. In the event that a Dependent Child is covered under more than one funeral policy with the result that the total funeral benefit payments to be made by Sanlam in respect of a deceased Dependent Child exceeds the maximum amounts, Sanlam will at all times only honour the claim of the policyholder responsible for the costs of the funeral of the deceased Dependent Child, which assessment will be made Sanlam in its sole discretion. You must at all times ensure that a Dependent Child is not covered under more than one Funeral Policy to ensure that a claim for Funeral Benefits is paid. A failure to do so, may result in a Claim being rejected. It is your obligation to disclose all funeral policies you have in respect of a Dependent Child. If Sanlam becomes aware that a Dependent Child is covered under more than one Funeral Policy which will result in maximum amounts being exceeded, Sanlam may, without limitation to its rights in terms of this Funeral Policy, cancel the cover of the Dependent Child to ensure that it remains compliant with the law. DETAILS OF DEPENDENT CHILDREN