Optional Benefits

The Amount payable at death are as follows:

	Option 1 (current)	Option 2 (new option)	Option 3 (new option)
Principal insured	N$ 15,000.00	N$ 10,000.00	N$ 7,500.00
Qualifying spouse	N$ 15,000.00	N$ 10,000.00	N$ 7,500.00
Qualifying child aged 14 years and older	N$ 15,000.00	N$ 10,000.00	N$ 7,500.00
Qualifying child aged 6 years and older but younger than 14 years	N$ 7,500.00	N$ 5,000.00	N$ 3,750.00
Qualifying child younger than age 6 years	N$ 3,750.00	N$ 2,500.00	N$ 1,875.00
Still-born child	N$ 3,750.00	N$ 2,500.00	N$ 1,875.00

Monthly Premium per Option:

	Option 1 (current)	Option 2 (new option)	Option 3 (new option)
Main member only	N$ 23.75	N$ 15.85	N$ 11.90
Member and family	N$ 39.20	N$ 26.15	N$ 19.60

The risk of this product is fully underwritten by a registered insurer as required by the Medical Aid and Insurance Acts.

Please note:

• New members may have a choice at inception to choose one of the benefit options, either principal member only or the family package.

• Annually, on 1 March, employees will have a choice to lower or increase their benefit options or moving from principal member only to the family package and vice versa.

• If an existing member increases his/her benefit option or moves from principal member only package to family package, a 6 months waiting period for natural cause death will apply to the cover amount in excess of the amount that applied before the increase or the additional cover for the spouse and children.