What are the conditions for funeral cover and the premium paid-up feature in an insurance policy?

here are the answers to the next questions:

12 of 18
The maximum Funeral Cover amount that can be paid for a child that is younger than 6 years is R20 000 per policy.
✅ True
In South Africa, there are regulatory limits on the maximum funeral cover for young children to prevent over-insurance. R20,000 is a common and legally stipulated maximum for children under the age of 6.

13 of 18
Select the statement that is incorrect regarding the Premium Paid-up feature.
The incorrect statement is:

• Cover alterations may be done within the 5-year period from the premiums stopping for the life assured. ❌ Incorrect Once a policy becomes "paid-up," it means that no further premiums are required, and the cover is typically fixed at that point. Alterations to the cover (like increasing or decreasing the benefit) are generally not permitted after the policy has become paid-up, as the paid-up value is calculated based on the existing cover and premiums paid up to that point. The other statements describe common conditions for a premium paid-up feature.