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IconSOCIAL GRANTS (GOVERNMENT)

South African Social Security Agency (SASSA)

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South Africa provides a wide variety of financial assistance to its needy citizens by way of cash grants, as a means of social assistance. Social assistance is an income transfer in the form of grants or financial award provided by government.

Since 01 April 2006, the responsibility for the management, administration and payment of social assistance grants was transferred to the South African Social Security Agency.
 
SASSA is a section 3A public entity and focused institution responsible to ensure that government pays the right grant, to the right person, at a location which is most convenient to that person.
 
Types of Grants:
  • Grant for Older Persons
  • Disability Grant
  • War Veteran's Grant
  • Child Grants; Foster Child Grant
  • Care Dependency Grant
  • Child Support Grant
  • Grant-in-aid
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From The Glossary »

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Aggregate Extension Clause:

This clause is used in connection with liability and professional indemnity reinsurance to provide additional cover in respect of the liability incurred by a ceding company for losses on risks where there is an aggregation or accumulation of policies involved in the same loss (whether issued to the same insured or not). If required by the ceding company, the reinsurance treaty is extended by an aggregate extension clause to protect it against losses ...
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