Woolworths Memorial Education Fund
If you die, the Woolworths Memorial Education Fund will pay for the education of your children. They will pay an amount to your children’s school every year. They will also pay for your children’s education while they are studying for a degree or a diploma.
PLEASE NOTE: This benefit only applies under certain scenarios and there are limits in place.
Educational cover for your children:
|Education Level||Max Benefit Payments p/a||Term|
|Pre-school||R48 000||1 Year|
|Primary Education||R80 400||1 Year|
|Secondary Education||R93 600||1 Year|
|Tertiary Education||R53 000||1 Year|
|$45 350 at overseas facility||1 Year|