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27 July 2004: No 49/04
THE
SANDF GROUP LIFE INSURANCE SCHEME (GLIS) (PART 1)
In
accordance with the Defence Act and the General Regulations, it is compulsory
for all Uniformed Members of the DOD to contribute to the Group Life Insurance
Scheme (GLIS).
The GLIS
was introduced to provide for, and financially assist the next of kin of SANDF
members in the event of the death of such a member and in certain
circumstances, should a member be disabled.
Recently
the Board of Trustees has revised the rules of the GLIS. The aim of this
revision was to ensure that SANDF members are not underinsured.
A further
aim is to promote personal accountability among SANDF members for their GLIS
premiums within the business rules of the scheme.
Therefore,
it is important for every SANDF member to study this information bulletin
attentively and use it to ensure that the correct premium is deducted from
his/her salary.
Rules of
the Scheme
The rules
of the GLIS are expounded in the Business Rule Table. Note that, in certain
circumstances, members are afforded the opportunity to choose between lower and
higher premiums.
In order to
ensure that there are no claims against the State, it was promulgated in cases
where a member’s status has changed, that the onus would be on the member to
apply for a higher premium, or in certain circumstances, for a lower premium.
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