Benefits

The Heineken Beverages Retirement Funds are designed to support you throughout your working life and beyond.

Your Funds not only help you save for a comfortable retirement but also provide important cover and support for you and your loved ones along the way.

These benefits include life cover, disability protection, funeral benefits, and spouse's benefits, if something were to happen to you.

Death Benefits

If you die, your death benefits will be carefully reviewed and distributed by the Fund’s Board of Trustees.

This process is guided by Section 37C of the Pension Funds Act, which ensures that your benefits are paid in a fair and lawful way.

Please note that Fund benefits are not part of your estate and are not distributed according to your will. This means the Trustees have the final say when deciding how your death benefits are allocated to your dependants and nominees.

Nomination of Beneficiary Form

HBSA

5x your annual pensionable salary.

HBSA (ex-Distell)

Category 1: 1x annual salary

Category 2: 3x annual salary

Category 3: 5x annual salary (default option)

HBSA (ex-DPF)

Category 1: 4x annual pensionable salary

Category 2: 3x annual pensionable salary

	HBSA	HBSA (ex-DTL)	HBSA (ex-DPF)
Insurer	Hollard (part of Generali cell captive)	Hollard	Sanlam
Eligibility criteria	Permanent employee younger than NRA and does not qualify to belong to any of the other 2 funds	Members who were part of AFRF: Distell Ltd prior 1 Sept 2023	Category 1: Members who joined DPF prior to 1 March 2009 Category 2: Members who joined DPF since 1 March 2009
Death benefit	5x annual pensionable salary	Category 1: 1x annual salary Category 2: 3x annual salary Category 3: 5x annual salary (default option)	Category 1: 4x annual pensionable salary Category 2: 3x annual pensionable salary
Tax replacement cover	Yes	No	No
Free cover limit	R16 000 000	R16 000 000	R11 125 000
Maximum cover age	70 years	63 years	63 years
Conversion option	upon withdrawal or retirement until NRD (63)	upon withdrawal or retirement until NRD (63)	upon withdrawal or retirement until NRD (63)
Cover continues during disability	up to NRD	up to NRD	No
Premium rate	1.7% of pensionable salary	Category 1: 0.291% of pensionable salary Category 2 : 0.769% of pensionable salary Category 3 (default option): 1.26% of pensionable salary	Category 1: 1.987% of pensionable salary Category 2: 0.998% of pensionable salary
Effective date	1 January 2026	1 March 2026	1 March 2026
Renewal month	January	March	March
Claim notification	6 months, 12 months all documents provided	6 months, 12 months all documents provided	6 months, 12 months all documents provided
Notification email	AF’s online death notification submission	AF’s online death notification submission	AF’s online death notification submission
Assistance with investigation	Yes : ICTS – R9 220 plus VAT AF S37C – R8 500 plus VAT	Yes : ICTS – R9 220 plus VAT AF S37C – R8 500 plus VAT	Yes : ICTS – R9 220 plus VAT AF S37C – R8 500 plus VAT

Disability Benefits

A serious illness or accident can change your life and affect your ability to work. To protect you and your family, the Heineken Beverages Retirement Funds include a Disability Benefit through separate insurance policies.

If you become disabled and can no longer perform your job, you’ll need to undergo medical assessments. Once the insurer confirms your disability, you will receive a monthly income - until you recover, retire, or pass away, whichever happens first.

During this time, both you and your employer will continue to contribute to your retirement fund, helping your savings keep growing.

HBSA

75% of monthly pensionable salary after 1-month waiting period, up to maximum benefit.

Contribution waiver = 21% of pensionable salary

Medical-aid waiver = maximum of 24 months premiums up to a maximum of R10 000 pm

The monthly benefit cannot exceed the net monthly income, subject to certain limitations, or the applicable free cover limit as set by the insurer if the member has not provided sufficient medical evidence to be underwritten.

HBSA (ex-Distell)

100% of pensionable salary for the first 18 months after the 6-month waiting period.

Thereafter, 75% of your monthly pensionable salary up to maximum benefit.

Contribution waiver = 10.25% of pensionable salary

The monthly amount cannot exceed the net monthly income, subject to certain limitations, or the applicable free cover limit as set by the insurer if the member has not provided sufficient medical evidence to be underwritten.

HBSA (ex-DPF)

Category 1: 4 times annual pensionable salary

Category 2: 3 times annual pensionable salary

Reduction in benefits: If disabled within 5 years to NRA, the lumpsum benefit will reduce each month with 1.667% monthly (20% annually).

	HBSA	HBSA (ex-DTL)	HBSA (ex-DPF)
Insurer	Hollard (part of Generali cell captive)	Sanlam	Sanlam
Benefit	Disability income benefit: 75% of monthly pensionable salary after 1-month waiting period, up to maximum benefit. Contribution waiver = 21% of pensionable salary Medical-aid waiver = maximum of 24 months premiums up to a maximum of R10 000 pm. The monthly benefit cannot exceed the net monthly income, subject to certain limitations, or the applicable free cover limit as set by the insurer if the member has not provided sufficient medical evidence to be underwritten.	Disability income benefit: 100% of pensionable salary for the first 18 months after the 6-month waiting period. Thereafter 75% of your monthly pensionable salary up to maximum benefit. Contribution waiver = 10.25% of pensionable salary The monthly amount cannot exceed the net monthly income, subject to certain limitations, or the applicable free cover limit as set by the insurer if the member has not provided sufficient medical evidence to be underwritten.	Total and Permanent disability lumpsum benefit: Category 1: 4 times annual pensionable salary Category 2: 3 times annual pensionable salary Reduction in benefits: If disabled within 5 years to NRA, the lumpsum benefit will reduce each month with 1.667% monthly (20% annually)
Definition of net monthly income	Total monthly package, minus: - tax payable - contribution payable to fund - any premiums paid over and above contribution	Total monthly package, minus: - tax payable - contribution payable to fund - any premiums paid over and above contribution	Not applicable
Waiting period	6 months	6 months	6 months
Maximum disability income benefit	R230 000 pm - this amount does not include the contribution waiver	R250 000 pm - this amount does not include the contribution waive5	Not applicable
Maximum contribution waiver	R50 000 pm	R66 000 pm	Not applicable
Free cover limit	R182 000 per month. The FCL amount includes the benefit of 75% of PS + the employer waiver of 21% of PS.	R182 000 per month. The FCL amount includes the benefit of 75% of PS + the employer waiver of 10.25% of PS.	R11 125 000
Annual benefit escalation rate	Lesser of CPI and 10%	Lesser of CPI and 10%	Not applicable
Maximum cover age	Up to NRD	Up to NRD	Up to NRD
Continuation option	Within 31 days on withdrawal up to 5 years prior NRD	Within 60 days on withdrawal up to 5 years prior NRD	Within 31 days on withdrawal up to age 55 years
Pre-existing conditions	Pre: 6 months Post: 12 months	Pre: 6 months Post: 12 months	Pre: 6 months Post: 12 months
Premium rate	0.66% of pensionable salary	1.051% of pensionable salary	Category 1: 0.839% of pensionable salary Category 2: 0.327% of pensionable salary
Effective date	1 February 2026	1 March 2026	1 March 2026
Renewal month	January	March	March
Claim notification	3 months, 6 months all documents submitted	3 months, 6 months all documents submitted	6 months all documents sumitted
Notification email	HGRDisability@hollard.co.za	sgrdisabilityclaims@sanlam.co.za	sgrdisabilityclaims@sanlam.co.za
Definition	Initial period (24 months): Own or suitable occupation with own employer. Thereafter: Any suitable occupation with any employer. Total or partial disability considered.	Initial period (24 months): Regular occupation (presumed own employer). Thereafter: Regular or other suitable occupation (considered reasonable with training and experience). Total or proportional (partial) disability considered.	Totally and permanent disabled: Continuous, total and permanent inability to perform material and substantial duties of any occupation in open labour market (using suitable considerations). Exits fund when claim is approved. Insurer pays benefit amount to the Fund and this get's paid with fund credit as ill-health early retirement benefit.

Funeral Benefits

Losing a loved one is never easy, and the Heineken Beverages Retirement Funds aim to ease some of the financial stress during such a difficult time.

The funeral benefit helps cover the immediate costs of a funeral if you, your spouse, or an eligible dependant pass away. It ensures that your family can focus on what matters most – supporting one another – without worrying about the expenses.

HBSA

Member, spouse: R20 000

Child 14 - 21: R20 000

Child 6 -13: R10 000

Child 1 - 5: R5 000

Child 0 - 11 months (incl stillborn): R5 000

HBSA (ex-Distell)

Member, spouse: R20 000

Child 14 - 21: R20 000

Child 6 -13: R10 000

Child 1 - 5: R5 000

Child 0 - 11 months (incl stillborn): R5 000

HBSA (ex-DPF)

Member, spouse: R20 000

Child 14 - 21: R20 000

Child 6 -13: R10 000

Child 1 - 5: R5 000

Child 0 - 11 months (incl stillborn): R5 000

	HBSA	HBSA (ex-DTL)	HBSA (ex-DPF)
Insurer	Hollard (not on Generali cell captive)	Sanlam	Sanlam
Benefit	Member, spouse: R20 000 Child 14 - 21: R20 000 Child 6 -13: R10 000 Child 1 - 5: R5 000 Child 0 - 11 months (incl stillborn): R5 000	Member, spouse: R20 000 Child 14 - 21: R20 000 Child 6 -13: R10 000 Child 1 - 5: R5 000 Child 0 - 11 months (incl stillborn): R5 000	Member, spouse: R20 000 Child 14 - 21: R20 000 Child 6 -13: R10 000 Child 1 - 5: R5 000 Child 0 - 11 months (incl stillborn): R5 000
Premium rate	R15.00 per member per month	R12.70 per member per month	R17.85 per member per month
Effective date	1 January 2026	1 March 2026	1 March 2026
Renewal month	January	March	March
Claim notification	6 months	6 months	6 months
Notification email	HGRdeathclaims@hollard.co.za	Sanlam’s online funeral submission portal: sgrdeathclaims@sanlam.co.za	Sanlam’s online funeral submission portal: sgrdeathclaims@sanlam.co.za
Qualifying child	Biological child, legally adopted child, stepchild, foster-child and posthumous child, provided that: • i.The child is unmarried, and • ii.The child is < 21 years; • iii.If the child is full time student, then up to 26 years • iv.If child became physical or mentally incapable of maintaining himself before 21 or 26 whilst being full time student, then he can remain covered	Biological child, legally adopted child, stepchild, foster-child and posthumous child, provided that: • i.The child is unmarried, and • ii.The child is < 21 years; • iii.If the child is full time student, then up to 26 years • iv.If child became physical or mentally incapable of maintaining himself before 21 or 26 whilst being full time student, then he can remain covered	Biological child, legally adopted child, stepchild, foster-child and posthumous child, provided that: • i.The child is unmarried, and • ii.The child is < 21 years; • iii.If the child is full time student, then up to 26 years • iv.If child became physical or mentally incapable of maintaining himself before 21 or 26 whilst being full time student, then he can remain covered
Paid-up benefits	No	No	No

Spouse's Benefits

We include spouse benefits to help protect your partner’s financial future if something were to happen to you.

This benefit provides your spouse or life partner with financial support and is designed to give your loved one peace of mind and stability during a difficult time.

HBSA

1 time annual pensionable salary.

HBSA (ex-Distell)

No benefit.

HBSA (ex-DPF)

No benefit.

	HBSA
Insurer	Hollard (part of Generali cell captive)
Benefit	1 time annual pensionable salary
Eligibility criteria	All married members under NRA.
Free Cover Limit	R500 000
Premium rate	0.29% of pensionable salary
Maximum benefit	R500 000
Maximum cover age	Member - up to NRA (63). Spouse - up to age 60 years.
Effective date	1 January 2026
Renewal month	January
Claim notification	6 months
Notification email	HGRdeathclaims@hollard.co.za
Spouse definition	A person who is a permanent life partner (whether in a heterosexual or homosexual partnership) or spouse or civil union partner of a main member in accordance with the Marriage Act, 68 of 1961, the Recognition of Customary Marriages Act, 68 of 1997, or the Civil Union Act, 17 of 2006, or the tenets of any Asiatic religion. A permanent life partner will be covered only from the date of receipt of written disclosure of the life partnership with insurer. Max 1 spouse per main member will be covered under the policy.

Contribution Categories

	HBSA	HBSA (ex-DTL)	HBSA (ex-DPF)
Contribution structure	Employer contribution	Member contribution categories	Member contribution categories
Contribution categories (all being a % of pensionable salary	21%	12.75% \| 15.25% \| 17.75% \| 20.25% \| 22.75% \| 25.25% \| 27.50%	19.25% \| 21.25% \| 23.25% \| 25.25% \| 27.50%
Default contribution category	21%	17,75%	19,25%
Categories available	Married and not-married members	Category 1: 1x annual salary Category 2: 3x annual salary Category 3: 5x annual salary (default option)	Category 1: 4x annual pensionable salary Category 2: 3x annual pensionable salary
Death benefit premium	1,7%	Category 1: 0.291% Category 2: 0.769% Category 3: 1.26% (default option)	Category 1: 1.987% Category 2: 0.998%
Disability benefit premium	0,66%	1,051%	Category 1: 0.839% Category 2: 0.327%
Funeral benefit premium	R15,00	R12,70	R17,85
Spouse benefit premium	0,29%	Not applicable	Not applicable
Adminisration cost	0,052%	0,052%	0,052%

All rates were updated as at 1 March 2026.