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Actuarial Society of South Africa

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Tel: +27 (0) 21 509 5242
Fax: +27 (0) 21 509 0160
Postbox:
P.O. Box 4464
Cape Town
8000
South Africa
Scope:
Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North-West, Northern Cape, Northern Province, Western Cape.

Vision:

The actuarial profession in South Africa is widely recognised as the profession that enhances the long term financial security of individuals and institutions.

Stakeholders and interested parties include business, labour, government, regulatory authorities, other professions, members of retirement funds and medical schemes and policyholders, current and prospective members of ASSA, the media and the international actuarial community.

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From The Glossary »

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Return Premium Insurance:

A feature incorporated in a regular life, endowment, or term policy providing that in addition to the regular insurance benefits in the policy, an amount equal to all premiums paid will be payable upon the death of the insured prior to the end of a specified period. The specified period is frequently 20 years.
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