FOR CLAIMS, PLEASE CONTACT YOUR HR DEPARTMENT
FOR GENERAL ENQUIRIES, CONTACT US ON:
- +27 (0)10 100 3000
- clientservices@mineworkers.co.za
- TO CHECK YOUR CLAIM STATUS OR BENEFIT STATEMENT
Disability Benefit
Strength when life takes a turn.
Life can change in an instant. Our disability benefit provides financial protection to help you adapt and move forward with dignity.
How the Disability Benefit works
YOUR FUND CREDIT WILL BE:
Should you become continuously, totally and permanently unable, to perform the material and substantial duties of your own occupation or any occupation with your current employer for which you are qualified or suited or could reasonably be expected to become qualified or suited taking into account the degree of your disability, knowledge, training, education, age, ability and experience; the Fund will pay out the following benefit:
- The total retirement contributions
- Total Voluntary Contributions; if applicable
- Total Transferred Portion; if applicable
- Three (3) X annual risk salary
- (If the Insurer is satisfied that the disability will remain total and permanent; subject to a 6 months waiting period)
- Net investment return
YOUR BENEFIT PAYOUT OPTIONS:
- You can use your entire Fund Credit to buy an annuity in the Fund
- You can commute up to 1/3rd of your non-vested benefit for a taxable cash lump sum and use the balance 2/3rd to purchase a compulsory annuity. If the total of your non-vested benefit is R247 500 or less, the full amount may be taken as a taxable cash lump sum.
You may take your full fund credit in cash, just remember that you will pay tax on a portion of the money.
- MWPF Disability claim form signed by the member and two Employer authorised signatories
- The claim form must be stamped by the Employer
- Banking details (copy of bank statement stamped by the bank)
- Certified copy of Identity Document
- Recent Payslip
- Medical questionnaire with historical medical information (3 to 5 years)
- Certificate of Fitness
- Supporting medical documents
- Complete the claim form
- Get the employer to sign the claim form
- Prepare and ensure you have all required, supporting documents
- Submit the signed claim form with all supporting documents to your HR Office
- All documents are received and verified
- Claims are investigated by the assessor to determine benefit allocation
- Tax calculation is applied
- Bank verification is received
- Payment is made