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Glossary of Terms

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From The Glossary »

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Children’s Policy:

A policy taken out on the life of a minor by a person other than the life insured. The sum insured is limited by the Long-term Insurance Act to: _ R10 000 for an unborn or a minor before he or she attains the age of six years old; and _ R30 000 for a minor older than six years but less than fourteen years old.
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