TRA Premium Waiver is an insurance product which has been designed to provide funding for medical aid and/or gap cover premiums in the event of the principal policyholder passing away. A pre-determined sum of money is paid to a nominated beneficiary for a period of 3, 6 or 9 months.

We often hear of cases where the principal medical aid member passes away, leaving their loved ones to pick up the pieces. They are left with the challenge to make sure that the medical aid cover they were used to is funded for whatever period is required.


Our Premium Waiver policy:

Provides benefits to cover medical aid contributions in the event of the insured life (principal medical aid member) passing away.
Policyholders can choose for their dependants to receive this funding for a period of 3, 6 or 9 months.
Imposes an entry age limit of 65 years.
Applies a general 3 month waiting period.


This policy will provide an amount equal or similar to the expected medical aid contribution that will be payable should the main member pass away.
The applicable monthly premium per policy per month can be calculated by referring to the table below:

• First choose the expected monthly medical aid contribution in Column A.
• Then choose the number of months that cover is required for in Column B.
• The corresponding block indicates the premium payable.



Expected total monthly medical aid
contribution, rounded up to the nearest R500

Premium per policy per
month for 3 months cover
Premium per policy per
month for 6 months cover
Premium per policy per
month for 9 months cover
R30 R60 R90
R36 R72 R108
R42 R84 R126
R4000 R48 R96 R144
R4500 R54 R108 R162
R5000 R60 R120 R180
R5500 R66 R132 R198
R6000 R72 R144 R216
R6500 R78 R156 R234
R7000 R84 R168 R252
R7500 R90 R180 R270
R8000 R96 R192 R288
Premiums for monthly medical aid contributions lower than R2 500 and higher than R8 000, or for a period longer than 9 months, are available on request.


When are you NOT COVERED under your Premium  Waiver policy?

Where death is due to self-inflicted injuries.
For loss of work including retrenchment, dismissal, etc.
For disability and / or dread disease/s.
Where claims are submitted and received after a period equal to 3 months after the date of death of the principal member.

How do you claim?

Submit certified copies of the following documentation to This email address is being protected from spambots. You need JavaScript enabled to view it. to initiate the claiming process:

• Death Certificate
• Id document of deceased
• Id document of nominated beneficiary.
• Banking details of nominated beneficiary.

The nominated monthly amount will be paid via eFT into the bank account identified by the nominated beneficiary.

A full list of terms and conditions can be viewed here.

Contact us for more information about Premium Waiver today.