INSURANCE

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Across
  1. 3. A company who deducts Sanlam Sky premiums from a policyholder’s salary and pays this over to Sanlam Sky
  2. 6. Person who owns the policy
  3. 8. If premiums are not received for 3 months within the first 3 years of a policy or 12 non-consecutive premiums are missed during the life of the policy, the policy will lapse and all benefits will cease.
  4. 10. Alterations or changes to the original policy
  5. 11. Date The date on which the policy will commence and determined by collection method
Down
  1. 1. Not Taken Up - 3 premiums for 3 months from issue date
  2. 2. Certain processes have dates at which they must be completed for the month. This is referred to as the ‘cut-off’ date.
  3. 4. Interest The financial interest(BURDEN OF RESPONSIBILITY) the policyholder has in any life assured covered under the contract
  4. 5. a person who assesses the risk for the assurer, by examining and intrepreting medical evidence
  5. 7. -up when no premiums are received on poliy that has a savings benefit
  6. 9. Payer The person responsible for paying the premiums of the policy.
  7. 11. Force Sanlamsky has received premiums for the policy