Td Administrative Services
Financial Services in Johannesburg

We offer administration of group life policies – i.e. credit life. TD Administrative Services is an administration company which was set up early in 2002 to specialise in handling administration, for those underwriters who wish to outsource this function.

TD Administrative Services is an administration company which was set up early in 2002 to specialise in handling administration, for those underwriters who wish to outsource this function. As well as administration of individual clients where premiums are paid via debit order or payroll, and we arrange these collections, reconciliations and client communications as well. TD Administrative Services specialises in data and financial reconciliations for and on behalf of customers who require independent auditing of data and control of receipts and payments. This includes the administration and disbursement of trust funds. The administration fee is calculated on the complexity and scope of the work undertaken. At the outset a service level agreement is agreed with the client, outlining the responsibilities of each party and the cost of providing such service. We have been approved as a financial services administrator in terms of the Financial Services Board regulations, and our FSP number is TD Administrative Services is about service excellence, and providing our clientele with appropriate, cost effective, no-nonsense products that deal with unavoidable lifestyle risks. Avoidance of all risks is impossible, but avoidance of unnecessary financially crippling risks is what we do. GAP Cover is a product that was designed to cover the principal member and dependants (of a medical aid scheme) for out of pocket expenses that result from your medical aid paying less than you are being charged, by service providers, for an in-hospital procedure. The phenomena has, in recent years, become more prevalent as more and more medical practitioners are charging more than the benefits offered by the medical scheme. The problem, simplistically, is that the medical aid industry, as a general rule, base their scale of benefits on their own calculations (the medical scheme benefit rate) and assess benefits based on one/two or three times these guidelines, however service providers (surgeons, anesthetists etc) are not bound to observe the guidelines set out by the medical aid benefit scheme rate and it is common to see medical accounts reflecting as much as four times these rates. The Gap cover would pay out the difference between the service providers charges and the medical aid refund, to a maximum of three times the NHRPL.