Statement of Intent
Minimum Standards for Surrender and Paid-up Values
The Statement of Intent, signed between the Minister of Finance and the long-term insurance industry, sets out minimum standards for early termination values for retirement annuity and endowment policies.- Click here to download the Statement of Intent as signed between the LOA and National Treasury.
- Click here to access FAQ on Minimum Standards on Early Termination Values.
- Click here to access an example of a policy table on Early Termination Values.
- Click here for the news release that was issued on 12 December 2005.
- Click here to download the National Treasury news release.
- Click here for the news release that was issued on 16 March 2006.
- Click here for the news release that was issued on 22 November 2006.
- Click here for the English consumer education article on the Statement of Intent
- Click here for the Afrikaans consumer education article on the Statement of Intent
