Funeral Policy Negotiated
A Funeral Policy to the amount of R10 000,00 has been negotiated and approved and activated 1 July 2010 and effective from 1 August 2010. The full amount will be paid to a beneficiary in the event of the insured passing away. Documentation in this regard will be submitted to the Insurance Company via the SAMHS Fund Office.
Increase of contribution fee
The Fund has not increased contributors’ fees for the last five years and all factors considered, has to increase the contribution fee to R36.00 per month wef 1 July 2010. (Out of the Force SAMHS Fund contributors will be charged the new annual tariff of R432,00 as from 1 January 2011.)
These amounts include the Linric Club and the Funeral Policy.
It is most unlikely that contributors would get a better offer from any other company and it is our wish that this special offer will provide you with peace of mind.
The SAMHS Fund was established on 24 April 1980 with the aim of offering SAMHS personnel certain benefits and facilities not provided by the government. Over the years this fund has grown in strength and size, and currently has over 8000 contributing members who enjoy a host of benefits that are only available to fund members.
Things have changed some what since those early days, and now any member of the SANDF, as well as non serving defence force members can join the fund at a nominal monthly fee, which opens the door to a host of benefits. The fund is also the proud owner of the Banana Beach Holiday Resort located on the Kwazulu Natal South Coast, as well as time share weeks at the new development at Sun City