Typical questions asked about our Sickness and Accident Insurance
How long will I receive benefit for?
In order to keep premiums low the full benefit will be paid for three months. This will reduce to half benefit for the next three months, and then to £6.50 per unit for the remainder of the time you are unable to work, with a maximum total benefit period of two years or to age 65, depending on which comes first.
How long do I need to have had my policy before a claim can be made?
You will need to have paid a minimum of seven monthly premiums or have held your policy for six months before a claim can be made.
How do I claim?
In order to process your claim, Sheffield Mutual requires a doctor’s certificate detailing your illness or accident. You will be entitled to receive benefit after you have been unable to work for more than two weeks. You can only claim once for the same illness/accident during any twelve-month period. Full policy details are available on request.
How do I pay premiums?
You can either pay your premiums monthly or annually by direct debit direct from your bank account, or by cheque or cash. You will be required to continue paying premiums during any period in which you receive benefit.
What happens if I stop paying premiums?
The policy will lapse if the due premium has not been paid within 30 days and any benefits will cease immediately.
Monthly/Annual Premiums per unit
There is a management charge of £2 per annum per unit.
| Age |
Monthly
Premium |
Annual
Premium |
Age |
Monthly
Premium |
Annual
Premium |
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
|
0.89
0.89
0.90
0.90
0.91
0.92
0.93
0.94
0.96
0.97
0.98
0.99
1.00
1.01
1.02
1.04
1.05
1.06
1.07
1.07
|
10.17
10.17
10.28
10.28
10.40
10.51
10.63
10.74
10.97
11.09
11.20
11.31
11.43
11.54
11.66
11.89
12.00
12.11
12.23
12.23
|
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
|
1.08
1.08
1.09
1.10
1.13
1.15
1.17
1.20
1.22
1.24
1.28
1.31
1.35
1.38
1.42
1.46
1.51
1.55
1.60 |
12.34
12.34
12.46
12.57
12.91
13.14
13.37
13.71
13.94
14.17
14.63
14.97
15.43
15.77
16.23
16.69
17.26
17.71
18.29 |
How do I start my plan?
Simply decide on the amount of benefit you would like to receive and whether you wish to pay the premium monthly or annually and, providing you do not need any advice, complete and sign the application form, direct debit mandate (where applicable) and execution only letter. Don’t forget to enclose a proof of identity (List A) and a proof of address (List B) noted on the Money Laundering information sheet. Return all the above items to:
Freepost RLUC-XKZE-RJAT
Sheffield Mutual Friendly Society
3 Maple Park
Maple Court
Wentworth Business Park
Tankersley
Barnsley
South Yorkshire
S75 3DP
along with a cheque for the initial premium.
Can the Society provide me with advice?
Yes. If you would like one of our financial advisers to see you either at your home or other convenient location please write to us at:
Sheffield Mutual Friendly Society
3 Maple Park
Maple Court
Wentworth Business Park
Tankersley
Barnsley
South Yorkshire
S75 3DP
or by telephone 01226 741000
or via e-mail on enquiries@sheffieldmutual.com
Do I need to provide any additional Information?
In order to comply with regulations, the Society will require confirmation of your identification and address. We will therefore ask to see documents such as a passport or driving licence and utility bills or bank statements before issuing a policy.
* Based on the Society's understanding of current legislation and Inland Revenue practice, which may be subject to change.
Authorised & Regulated by the Financial Services Authority. |
