Death Benefits

• Spouse(s) and dependent children,< (if not available then…)
• Other dependents, (if not available then…)
• Nominees, (if not available then…)
• Deceased Estate.

NOTE: Beneficiaries may fully commute their pension benefits if the purchased pension benefit is under USD 20 per month.

*Children under the age of 23 who are undergoing full-time education are also considered as eligible beneficiaries.

The total death benefit is taxable when it is being paid to the estate and the executor would be receiving the benefit.

• Certified copy of the death certificate.
• Certified copy of the Marriage Certificate or Confirmation of customary marriage from civil or magistrate court or three affidavits filled and signed by close relatives to the deceased with the same surname (excluding children and grandchildren),
• Certified copy of birth certificates for Children below 18 years of age or above 18 years of age but below 23 provided they are undergoing full time education (for colleges a certificate of registration of the college with Ministry of Education is required).
• Certified copy your Identity Document (ID) or valid Passport or Driver’s License,
• Certified copy of your Spouse’s Identity Document (ID),
• Fully completed Member Exit Form submitted by the Employer,
• Fully completed Employer Benefit Form for Employer extended benefits,
• Current Banking Details
• Fully completed Member Update Form (MU01),
• A copy of last payslip of deceased member.