MR Holdings Terms Ans]d Conditions

• Cover will only commence from the date of the first premium has been honoured or paid to MR Holdings through the agreed method of payment.
• A one-month grace period will apply when one (1) month’s premium is outstanding.
• Premiums shall be payable in advance to MR Holdings by the policyholder at the premium rate and premium frequency as specified in the policy schedule.
• MR Holdings will terminate the policy on the first occurrence of the following: The Main member ceasing to pay premiums subject to the grace period, and when the policy is terminated.
• Upon the death of any person insured under this policy, notice of the claim, together with all the necessary supporting documentation required by the insurer must be submitted to MR Holdings within 6 (SIX) months from the date of death. No claim, where documentation is submitted after 6 months of the date of death, will be honoured.
• Payments shall be made from the commencement date to the date of termination of the policy.
• Should a single member convert to a family or any other cover, a new application must be completed, and the six (6) month waiting period will apply to all additional dependants.
• If an existing member policy elects a higher benefit or chooses a higher plan when taking up the continuation option, than that under the existing scheme, a waiting period will apply.
• Suicide will not be covered during the first 12 (twelve) months of membership. A 6-month waiting period will apply in cases where a member has elected an increase on a benefit amount.
• Clients are liable 100% for any missing or and breaking of any assets supplied.
• Payment to be made by EFT or approved payment method.