When a member of a retirement fund leaves the fund, either through resignation, retrenchment or retirement, the said member loses the life cover which he/she enjoyed during his/her active membership of the fund.

Retirement funds which may have accumulated surpluses could allocate a portion of these surpluses to buy the Ongeza Life Plan for their members on a group basis so that when a member leaves, he/she goes with the accumulated cover and he/she can also top-up individually.

The leaving member could also use a portion of the lump sum benefit paid under the fund to buy or top-up his/her cover under Ongeza Life Plan, thereby ensuring that s/he continues to remain covered for life without any obligation for further premium payments.

The trustees of a retirement fund will derive joy from the fact that they do not send their former members home without some life cover, which will have been facilitated by the fund during the active participation of the member in the fund.