YOUR MEMBER BENEFITS

Free funeral benefits* provided by AVBOB Funeral Service, a separate entity within the AVBOB group

In accordance with our mutual status, we may from time to time (at our sole discretion) make ad hoc special additions and changes to the benefits available to our members (i.e. as member benefits).

We have introduced free funeral benefits*, which are available to members whose policies are in force, where the first premium has been paid, the policy start date has been reached and where a comprehensive funeral is conducted by AVBOB Funeral Service Limited.

In terms of the funeral benefits, a member covered under the policy will be entitled to the following (subject to the stated amounts and conditions which may change from time to time):

• A 15% discount (maximum of R4,000.00) on specified funeral services where this policy is in force and the insured person was covered for less than 6 months from the policy start date and the death of the insured person occurred as a result of natural causes.

• A R4,000.00 discount on a funeral and free transport of the deceased within the borders of South Africa where this policy is in force and the insured person was covered for less than 6 months from the policy start date and the death of the insured person occurred as a result of unnatural causes.

• A R4,000.00 discount on a funeral and free transport of the deceased within the borders of South Africa where this policy is in force and the insured person was covered for 6 months or more but less than 24 months from the policy start date.

• A free basic funeral* to the value of R13,000.00 consisting of funeral services, a coffin and a hearse plus free transport of the deceased within the borders of South Africa where the policy is in force and the insured person was covered for 24 months and longer from the policy start date. In addition, a cash benefit of R3,000.00 is provided to cover incidental funeral expenses, and a discount of R3,000.00 is provided for a tombstone**, cremation or aquamation.

The free basic funeral excludes any external costs like grave costs.

These discretionary benefits remain a privilege of the member and the value of these member benefits will be adjusted from time to time as they are renegotiated with service providers in order to ensure members continue to receive benefits that are relevant. Any changes to the benefits will be communicated annually to members and the latest benefits will be available on our website (www.avbob.co.za).

*Terms and conditions apply. **The discount on the tombstone is valid for 18 months from the date of the funeral and on condition that AVBOB Funeral Service provides the tombstone. FREE funeral benefits only apply if AVBOB Funeral Service conducts the funeral. AVBOB Mutual Assurance Society is a licensed life insurer and authorised Financial Services Provider. FSP 20656.

This product is underwritten by Guardrisk Insurance Company Ltd, a licensed non-life insurer and authorised Financial Services Provider (FSP 75), via a Cell Captive arrangement with AVBOB Mutual Assurance Society, administered by Legal Guardians (Pty) Ltd, an authorised Financial Services Provider (FSP 49579) and distributed by AVBOB Mutual Assurance Society, a licensed life insurer and authorised Financial Services Provider. FSP 20656. Terms and conditions apply. AVBOB is a level 1 B-BBEE contributor. www.AVBOB.co.za