Riskfin - Financial and Management Services

Groups Cover - Employee Benefits - Policies - Medical Aid - Funeral Policies - Insuarance

Q: How is the waiting period calculated?

A: The waiting period is calculated from the first day that cover starts on the policy, provided the premium is paid. In general, if a new policy is submitted and paid for before the 7’th of the month the policy and cover is backdated to the first day of the same month. Payments received after the 7’th will result in the policy active (inception) date be moved to the first day of the following month. In this case the waiting period will also begin on the first day of the following month.

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