Acts Online
GT Shield
assistance policy

means a life policy in respect of which the aggregate of—

a) the value of the policy benefits, other than an annuity, to be provided (not taking into account any bonuses to be determined in the discretion of the long-term insurer); and
b) the amount of the premium in return for which an annuity is to be provided,

does not exceed R10 000, or another maximum amount prescribed by the Minister, and includes a reinsurance policy in respect of such a policy;