Death Benefit
Security for your dependents. A legacy of care beyond your lifetime.
CRITICAL: 6 Month Deadline
The Fund MUST be advised of the death within six months. If the underwriter is notified after this period, they will repudiate the claim. This means the death benefit multiple will NOT be paid.
Why this matters to you
Understanding the legacy you leave behind.
Protecting Your Legacy
This is the final financial gift you leave. The payout—combining savings and insurance up to 4x salary—anchors your family's future, securing education and housing even when you are gone.
Equitable Distribution
Trustees distribute funds based on financial need, protecting vulnerable dependents (minors, elderly parents) from being overlooked by outdated wills.
Asset Protection
Death benefits are generally protected from creditors. The money meant for your family cannot be seized to pay off your personal debts, ensuring the full value reaches them.
Distribution (Section 37C)
By law (Pension Funds Act), death benefits are NOT distributed according to your will. The Trustees have a strict legal duty to identify all dependents and distribute money based on financial need.
Benefit Multiples
Payout multiplier depends on Employer Special Rules category.
Death Claims Contact
Please direct all claim enquiries to the Principal Officer.
Mr. John Baloyi
PrincipalOfficer@cinpf.co.zaSubmission of documents must be done promptly to meet the 6-month deadline.
Summary of Value
Significant Capital
For many members, the combination of Fund Credit plus a 4x salary multiple creates the largest single asset they will ever leave to their family.
Tax Efficiency
The first R550,000 of the death benefit is tax-free. This ensures a significant portion of the wealth transfer to your heirs is preserved.
Reduced Premiums
Premiums were reduced to 0.864% of salary. You pay less for coverage, allowing more of your salary to be invested for retirement.