Mutual Benefit Association (MBA)
SEDP – MBA

MBA is continually reviewing its benefits to meet the needs of its members
Through the MBA it is possible to get protection from unseen circumstances.

A range of different insurance benefits is available:

1.  Death or Total and Permanent Disability.

The recognized beneficiaries will be paid according to the Table of Benefits. Further upon the death of the member’s legal dependents the member shall receive the benefits as outlined in the Table of Benefits.

2.  Accidental Death

This is defined as a loss, as a direct result, independently and exclusively of all other causes, of bodily injury caused solely by external means.

3.  Living Benefit (Member’s Equity)

After 3 years continuous membership a member is entitled to up to 50% of total contributions upon termination of membership.

Who can apply?

  1. Aged between 18 – 60 years
  2. An active member of SEDP or another recognised organisation
  3. Ability to pay the membership fee and prescribed premium.
  4. Be in good health
  5. Understand and accept the SEDP – MBA rules and regulations

Who is covered:

  1. The member paying the premium
  2. Legal spouse below 65 years old
  3. No more than 4 unmarried children aged 1 – 21 years, except disabled dependents who can be over 21 years
  4. For single members, parents who are aged less than 65 years.  If both parents are deceased then siblings aged 1 – 21years including disabled dependents over 21 years.

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Continuous service Cause of death Benefits
Death Disability
Member Dependents Member
Married Single
Spouse Child Parent Sibling
Less than 6 mths Natural/Accident 2,500 None None None None 2,500
6 mth but less than 1
year
Natural 10,000 5,000 2,000 5,000 2,000 5,000
Accident 20,000 10,000 4,000 10,000 4,000
1 year but less than
2 years
Natural 20,000 7,500 4,000 7,500 4,000 10,000
Accident 40,000 15,000 8,000 15,000 8,000
2 years but less than
3 years
Natural 30,000 10,000 6,000 10,000 6,000 15,000
Accident 60,000 20,000 12,000 20,000 12,000
3 year but less than
4 years
Natural 40,000 12,000 8,000 12,000 8,000 20,000
Accident 80,000 24,000 16,000 24,000 16,000
4 years and
above
Natural 50,000 15,000 10,000 15,000 10,000 25,000
Accident 100,000 30,000 20,000 30,000 20,000