Choosing a benefit option

Members are entitled to benefits during a financial year, as per the rules of the scheme and such benefits extend through the member to his/her registered dependants. 

A member must, on admission, elect to participate in any one of the available options, detailed in the rules of the scheme.

If you are a member of an employer group, your choice may be limited to the options agreed on between you and your employer.

If you join as an individual, you may choose any of the various options according to your needs and affordability.

Option changes

A member is entitled to change from one to another benefit option subject to the following conditions:

• The change may be made only with effect from 1 January of any financial year.
• Application to change from one benefit option to another must be in writing and lodged with the scheme within the period notified by the scheme

Pro-rating Benefits