DEATH BENEFIT

DEATH IN SERVICE

AMOUNT OF BENEFIT

Group Life Assurance = As per the scale below – based on final salary

The amount payable to the beneficiaries in the event of the death of a member is cash lump sum calculated as a multiple of the deceased member’s salary in accordance with the following table plus his/her accumulated credit / resignation benefit.

AgeMultiple of Salary
> 16 – <246
>25 – < 344.5
>35 – <443.5
>45 – <543.25
<55 – <653.10

PLUS

  • The Withdrawal Benefit
  • The Funeral Benefit
  • The Family Support
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