Assupol at a glance

Assupol at a glance
i
Contents
About us....................................................................1
Group structure......................................................2
Opportunities...........................................................3
Benefits for intermediaries...................................4
Sales distribution.....................................................4
Excellence Family Funeral Plan..........................5
Progress 4Sure Plan...............................................6
Progress Legacy Plan............................................8
Progress Accident Plan.........................................10
Savings products and retirement annuity........ 1 1
Assupol On-Call......................................................12
Assupol On-Call Plus.............................................13
RA Maturity Reward...............................................14
mobi.assupol.co.za................................................15
Assupol Life branches...........................................16
About us
Assupol Life is a proud South African company,
with our roots firmly in South Africa since 1913.
We provide products and services designed for
South Africans, by South Africans and we pride
ourselves in knowing what our people need.
Whether providing for your loved ones in
the event of death, disability, a critical illness
or retirement, we will assist you with your
insurance needs.
Our mission
To serve those who serve
Our vision
To be the insurer of the people
Our values
To treat our clients fairly
We are proud of our dedicated and personal
client service, which is based on our core value
of treating clients fairly.
Serving those who serve. What does this mean?
•Serving selflessly those who selflessly serve
our nation
•With respect to all
•With dignity and integrity
•Fulfilling the needs of those you serve
1
Group structure
Name
Holding
Nature of business
100%
Long-term insurer which provides long-term insurance products
to a niche market through diverse distribution channels.
100%
Holds the interests in our strategic subsidiaries.
100%
Provides financial services, focusing on short-term insurance
solutions.
100%
Brokerage which markets the Cornerstone Group Funeral
Scheme, primarily to low-income groups in rural areas.
LIFE LTD
INVESTMENTS HOLDINGS (PTY) LTD
Our strategic subsidiaries
Erf 26 Menlopark Share Block
Pty Ltd
Siebador Sewentien
Pty Ltd
IGI Admin
Pty Ltd
2
56%
One of the oldest and most successful black-owned,
independent asset-management companies, providing assetmanagement services to pension funds and other institutions.
Assupol acquired a controlling interest in PAM in May 2012.
67%
Property-holding company which owns the Assupol headoffice building.
100%
Property-holding company which owns Plaza West building in
Menlo Park.
100%
Long-term insurer. The High Court approved the transfer of
its business to Assupol Life, which happened on 30 June 2012
which is now dormant.
100%
Group administrator whose business was transferred to Assupol
Life which is now dormant, and to be deregistered.
Opportunities
Exciting opportunities for intermediaries
We provide excellent career and entrepreneurial
opportunities for intermediaries — both tied –
agents and brokers.
The Assupol group provides good business
support, with effective systems and technology,
in more than 90 offices countrywide.
Contact your nearest Assupol Life Sales
Manager should you be interested in becoming
an Assupol Life intermediary.
3
Benefits for intermediaries
•Well-known brand
•Assupol Life is 101 years old — began in 1913
•Wide range of products
•State-of-the-art technology and systems
•Established niche market
•Caters for both emerging and sophisticated
markets
•Comprehensive training
•Remuneration
•Recognition
Training
Brokers
•Product training
•Technical training — application and processes
Representatives
•Sales training
•Product training
•Technical training – application and processes,
updates when information changes
•Legislative training
•TCF
•Fais
•Fica
•General code of conduct
•Fit and proper training
•Regulatory examination level 1
•Full qualification training, including entry
requirements
•Regulatory examination level 2
•CPD
•Supervision
4
Remuneration
Commission is aligned with the maximum
amounts allowed by legislation.
Recognition
A prestige awards evening is held every year for
top performers.
Sales distribution
Channels
Face-to-face
Direct
Group schemes
Mobile support
Sales managers
Sales development
consultants
Tied agents
Brokers
Franchises
Call centres
Face-to-face
Direct sales
Voluntary
groups
Compulsory
groups
In addition to our branches
countrywide, we also service
many clients with mobile support
Funding
groups
Group schemes
Mobile support
Excellence Family Funeral
Plan
Funeral cover
The benefits….
•Funeral
•Accidental Death
•Family Income
•Premium Waiver – Death
•Premium Waiver Plus – Death
•Cashback
•Assupol On-Call & On-Call Plus
10 great features, plus more
Claims are paid out within
48 hours or sooner
Optional
Optional
Optional
Optional
Cashback —
money back in your
pocket, even if you
claimed
Premium Waiver
benefits — we pay
your premiums if
you die
11
1
No underwriting, no medical questions —
easy acceptance
2
10
9
Family Income benefit —
money for your family
if you die, every month
for six months
3
You
8
Accidental Death benefit may be
chosen for all lives insured —
double pay-out for claims due to
accidental causes Funeral benefits for your
whole family and other
dependants — you choose
who must be included
4
7
6
5
Flexible cover — you choose
the benefits and amount of
cover for every life insured
Cover for children for their
whole life, not just until they
turn 21 years
Benefits and premiums increase
every year by the same percentage —
you choose the increase percentage
Assupol On-Call is automatically
included for all lives insured. On-Call Plus is optional.
5
Progress 4Sure Plan
You claim – we pay
No claim – we refund all your premiums
Life Cover
The 3-in-1 solution
Life cover, funeral cover and cash
No blood tests required
You have insurance cover for a dignified funeral.
But what happens to your family after you die?
Provide for them with our Progress 4Sure Plan.
This product offers
•Life cover without having to take a blood test
•Funeral cover that is automatically included
for your spouse
•Funeral cover that can be added for your
children and parents
And what if you don’t claim?
Add the 4Sure 100% Cashback benefit and get
all your premiums back at the end of every 10
years that you do not claim.
3-in-1
Life
cover
6
Funeral
cover
Cash
Example
Mr Client
Death benefit
South Africans
have
inadequate
life cover*
Our solution
• R50 000 to
R300 000
• Mr Client can add funeral cover for his children,
parents and parents-in-law
• Cover phases in
• Cover for heart
attack, stroke, cancer
and other diseases
Mrs Client
• Funeral cover
included — up to
R10 000 of the
Death benefit is
paid in 48 hours or
sooner
• Cover for loss of use
of limbs, blindness,
head-trauma and
other disabilities
*Source: The SA insurance gap –
A study by True South Actuaries
and Consultants (Nov 2010)
• Immediate cover for
accidental causes
• Claims are paid from
the Death benefit
amount
• 10% of Mr Client’s
Death benefit
amount to a
maximum of
R10 000
• Immediate cover for
accidental causes
• Claims are paid from
the Death benefit
amount
Physical disability benefit
• R50 000 to
R300 000
Spouse Funeral benefit
• Cover phases in
This benefit is included, and a
claim will not affect other benefits
!
DED
U
L
INC
What if he doesn’t claim?
4Sure Loyalty
Reward
10% of his premiums
4Sure 100% Cashback
benefit
100% of his premiums
paid in the past 10 years
is refunded.
paid in the past 10 years
is refunded.
This benefit is included
Extra premium for this benefit
!
DED
U
L
INC
• Cover phases in
Progress
4Sure Plan
Funeral cover
• R50 000 to
R300 000
• Immediate cover for
accidental causes
He has a regular
job and a family
to support. He
has some debt
and a home loan.
Dread-disease benefit
0
10
20
7
Progress Legacy Plan
Life cover
The benefits…
•Death
•Pre-acceptance Accidental Death
•Free cover
•Accidental Death
•Accidental Death and Physical Impairment
•Education Option
•Loan Protector
•Occupational Disability Plus
•Physical Impairment
•Core Critical Illness
•Comprehensive Critical Illness
•Premium Waiver – Death
•Premium Waiver – Physical Impairment
•Premium Waiver – Occupational Disability Plus
•Funeral cover
•Assupol On-Call and On-Call Plus
•RA Maturity Reward
8
Life event
Life happens …
Death
Disability
Serious
illness
Financial needs
Our solution
Living expenses of
your dependants,
estate duty, debt
Death benefit
Funeral costs
Funeral benefit
Settle your home loan
Loan Protector
Funds for your
children’s education
Education Option
Replacement of your
income if you are
unable to work after an
illness or injury
Occupational Disability Plus
or
Physical Impairment benefit
Funds for lifestyle
changes and to help
with medical costs
Core Critical Illness benefit
or
Comprehensive Illness benefit
9
Progress Accident Plan
Life cover
We pay the full benefit amount – up to
R1 000 000 – if the life insured dies in an
accident. Or, we pay a percentage of the benefit
amount if the life insured accidentally contracts
one or more of the conditions of physical
impairment.
Conditions of physical impairment
Total loss of, or loss of use of: one hand,
one foot, or one limb
Total loss of, or loss of use of: both hands,
both feet, a hand and foot, a hand and
limb, a foot and limb, or two limbs
Total blindness in one eye
10
% of benefit
amount we
will pay
50%
100%
25%
Total blindness in both eyes
100%
Total deafness in both ears
100%
Total loss of speech
100%
Head injury that requires ongoing
supervision
100%
Full-thickness burns that cover at least 20%
of body surface
100%
Paraplegia, hemiplegia or quadriplegia
100%
Confinement to bed or wheelchair
100%
Savings products and
our retirement annuity
Savings & retirement
•Savings products from R100 per month,
retirement annuity from R180 per month
•Save for a rainy day, or your retirement
•Various investment funds to choose from –
based on your needs and goals
11
Assupol On-Call
Your support line – 0800 002 614
This benefit provides valuable support services:
transport of the deceased, HIV/Aids assistance,
telephonic medical assistance, ambulance
and other transport in a life-threatening
emergency, admission fee to a medical facility,
bereavement and trauma counselling, tutor
assistance for your children, information about
financial matters, discount on funerals and
instantDiscounts™ worth hundreds of rands in
savings.
This is automatically included on our Excellence
Family Funeral plan, and costs just R4 per
month per policy on our Progress 4Sure Plan,
Progress Legacy Plan, Progress Accident Plan
and Absolute Advantage Family Funeral Plan.
12
Our Assupol On-Call range just got bigger with On-Call Plus!
To claim On-Call Plus – 0861 belong (235664)
Add the plus to Assupol On-Call, and get extra
valuable benefits for all lives insured. If you
have On-Call Plus you can, on the death of the
life insured, claim one or more of the benefits
listed below, up to a combined maximum
1 instantGroceries™
of R2 500. R10 per month per life insured
upgrades you to On-Call Plus, and qualifies
you for these exciting benefits. These benefits
become available when you claim the Funeral
benefit.
4 exciting benefits!
You can spend the benefit at Boxer, Checkers,
Pick n Pay and Shoprite.
Easy to use: An electronic voucher, we call
it a wiCode, will be sent to your cellphone.
Just provide it at the till when you pay.
ade
Upgr y!
toda
R10
per month
per life
insured
3 Transport
Cash to use for petrol or diesel,
or
cash to use for bus, taxi or train fare,
or
vehicle rental at discounted rates – no
credit card needed.
2 Electricity
4 Airtime
We will send a code to your cellphone, to
be used on your pre-paid electricity meter.
Airtime across all mobile networks.
We will send it to your cellphone.
The 4 On-Call Plus benefits above are available on the death of a life insured to make things a bit easier during difficult
times. instantGroceries™ are paid out to your cellphone in minutes* – a real convenience in a time of need.
* A claim is registered once all required claim documentation is provided.
13
RA Maturity Reward
Reward
This benefit is good news if you have, or are
considering getting, both a Carefree Life
Retirement Annuity and a Progress Legacy
Plan. It increases the maturity amount of your
retirement annuity.
This benefit is included automatically in the
Progress Legacy Plan – no additional premium.
It has two parts:
•The Multiplier Reward
•The Multiplier Plus Reward
To qualify for the Multiplier Reward
You must have a Progress Legacy Plan and a
Carefree Life Retirement Annuity.
The qualifying Progress Legacy Plan benefits
•Death
•Physical Impairment
•Occupational Disability Plus
•Core Critical Illness
•Comprehensive Critical Illness
Your premium for the qualifying benefits must
increase yearly by more than 5%.
To qualify for the Multiplier Plus Reward
You must qualify for the Multiplier Reward,
as set out above, and when your retirement
annuity pays out and you must also have one or
more of the following four products:
Excellence Family Funeral Plan; Family Funeral
Provider; Maximumwealth 4Sure Plan; Progress
4Sure Plan.
14
mobi.assupol.co.za
Mobile sales support
Help for our intermediaries wherever they are
•Premium calculators for quick quotes
•Marketing material
•Investment-fund performances
•Sales aids
15
Assupol Life
branches
Bloemfontein
Dia House
148 Zastron street
Bloemfontein 9300
Tel (051) 444 2825
Fax (087) 234 6153
Cape Town – Bellville
47 Durban road
Bellville 7530
Tel (021) 949 0300
Fax (021) 949 0312
Durban
1st Floor, Shop 105-110,
Redefine Towers
320 Dr Pixsley Kaseme street
(West street)
Durban CBD 4001
Tel (031) 304 5060/1/2
Fax (087) 233 6543
East London
117 Oxford street
East London CBD 5247
Tel (086) 100 7664/(043) 727 0835
Fax (043) 050 1068
Empangeni
Unit D2, The Park
7 Pearce crescent
Empangeni 3880
Tel (035) 772 5672
Fax (087) 233 7883/(035) 722 5675
Johannesburg – Florida
381 Ontdekkers road
Florida 1709
Tel (011) 475 7319/70
Fax (011) 475 7344
Kimberley
Chapwood Chambers
15 – 17 Chapel street
Kimberley 8301
Tel (053) 832 2452/5601
Fax (087) 233 7394
16
Klerksdorp
Ground floor, Office 29A
West End Building
51 Leask street
Klerksdorp 2571
Tel (018) 462 7249/6558
Fax (018) 462 6568
Kroonstad
31 Hill street
Kroonstad 9499
Tel (056) 212 1316
Fax (087) 234 6186
Mafikeng
7 Shasan Centre
Warren street
Mafikeng 2745
Tel (018) 381 8034
Fax (018) 381 8500
Middelburg
Steve Dickenson Building
22 Bhimay Dimane street
Middelburg 1055
Tel (013) 282 8997/8
Fax (087) 233 7823
Mthatha
Shop 7
Victoria Place
56 Victoria street
Mthatha 5100
Tel (047) 532 4634/6
Fax (047) 532 2207
Mbombela (Nelspruit)
Shop U4, U5 & U7
Nelcity Centre
Cnr Paul Kruger & Samora Machel drive
Nelspruit 1200
Tel (013) 755 3663/(086) 123 5664
Fax (087) 233 7826
Pietermaritzburg
224 Boom street
Pietermartizburg 3201
Tel (033) 345 0044/72
Fax (086) 623 6854
Polokwane
28 C Schoeman street
Polokwane 0699
Tel (015) 291 3870/1
Fax (015) 291 5816
Port Elizabeth
222 Cape road
Mill Park
Port Elizabeth 6001
Tel (041) 373 1092
Fax (087) 233 6567
Port Shepstone
Shop 1, Cowrie Court
Nelson Mandela Drive
Port Shepstone 4240
Tel (039) 682 1724
Fax (087) 233 7883/(035) 722 5675
Potchefstroom
84 B Walter Sisulu street
Potchefstroom 2531
Tel (018) 297 6345/6868
Fax (018) 297 6307
Pretoria City Centre
Shop 5
Tomkor Building
101 Du Toit street
Pretoria 0001
Tel (012) 321 0978/9
Fax (012) 321 0304
Soweto – Maponya Mall
Shop 341, Maponya Mall
2127 Chris Hani road
Klipspruit Ext 5
Soweto 1809
Tel (011) 938 3877
Fax (010) 591 6806
Upington
Zelco Plaza
67 Mark street
Upington 8801
Tel (054) 331 0003/5
Fax (087) 234 5032
Vereeniging
113 General Hertzog road
Three Rivers
Vereeniging 1929
Tel (016) 454 9691/3
Fax (016) 454 9695
Head office
308 Brooks street
Menlo Park 0081
Tel (012) 366 3700
Kestrel Insurance Brokers
Sanwood Park
Building 2B
379 Queens crescent
Lynnwood 0081
Tel (012) 685 5200
Cornerstone Brokers
Sanwood Park
Building 2B
379 Queens crescent
Lynnwood 0081
Tel (012) 685 8300
Welkom
Shop 3, 147 Investment CC Building
(Bevins Hardware)
324D Stateway street
Welkom 9459
Tel (057) 357 2257
Fax (087) 234 5028
Rustenburg
31 Steen street
Rustenburg 0299
Tel (014) 597 4202/3
Fax (087) 234 6901
17
www.assupol.co.za
Assupol Life Ltd • reg no 2010/025083/06
Authorised provider of financial services & credit provider
308 Brooks street
Menlo Park
Pretoria 0081
PO Box 35900
Menlo Park
Pretoria 0102