Across
- 3. The actual retirement or risk benefit fund
- 5. Points used to set & measure targets for sales staff
- 7. Investment rules for future monies coming into a scheme account or member account.
- 9. A claim wherein benefit is paid to a member upon resignation, retrenchment or dismissal from employer
- 10. An electronic administration system used by the employers, administrators and intermediaries to service their schemes.
- 11. Where the fund places all or some of the risk with another insurer.
- 13. The process of determining the contributions, management expenses and risk costs due per member
- 14. The person to whom the proceeds of a policy is paid
Down
- 1. A person who has been elected to manage the affairs of a scheme in the interest of the members.
- 2. When a policy/scheme change has an effective date in the past.
- 4. Determining whether to accept a risk and, if so, what amount of insurance the company will write on the acceptable risk
- 6. what is paid to a financial adviser based on the value of the API of a scheme
- 8. An automated underwriting system.
- 10. The monetary value applicable to a particular benefit that becomes payable in the event of a claim
- 12. the process of requesting the payment of benefits as a result of an event