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IconSOCIAL GRANTS (GOVERNMENT)

South African Social Security Agency (SASSA)

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South Africa provides a wide variety of financial assistance to its needy citizens by way of cash grants, as a means of social assistance. Social assistance is an income transfer in the form of grants or financial award provided by government.

Since 01 April 2006, the responsibility for the management, administration and payment of social assistance grants was transferred to the South African Social Security Agency.
 
SASSA is a section 3A public entity and focused institution responsible to ensure that government pays the right grant, to the right person, at a location which is most convenient to that person.
 
Types of Grants:
  • Grant for Older Persons
  • Disability Grant
  • War Veteran's Grant
  • Child Grants; Foster Child Grant
  • Care Dependency Grant
  • Child Support Grant
  • Grant-in-aid
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From The Glossary »

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Deposit Premium:

Certain policies are written under conditions which provide that the final premium is not determined until the policy has expired. The premium charged at the inception of cover is the deposit premium. The term is also used to refer to the initial premium paid by an applicant for life insurance which is held in suspense by the life company pending its acceptance or rejection of the proposal. The term is also used in reinsurance policies to describe ...
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