We have grouped three risks under one umbrella for the employee and employer’s convenience. Our products are created to limit the financial impact you and your members can be suffer as a result of disability and death. When we develop these solutions, we focus on providing you with simple, affordable products which are not only competitive but relevant to you and your member’s needs.
- Group Life Assurance (GLA)
GLA provides the member with the peace of mind that their family will be taken care of if they are no longer there to support them. Pays out a lump sum in the event of death of the member before retirement.
- Permanent & Total Disability (PTD)
The benefit protects the member against the loss of earning potential, if he or she becomes disabled and is unable to work. It pays a lump sum in the event of a permanent disability of the member before retirement. The PTD benefit is taken together with the GLA benefit.
- Group Funeral Plan
The Funeral benefit pays out a lump sum in the event on the death of the employee, spouse or children before the retirement of the employee. The purpose of this benefit is to provide cover to assist with the funeral costs. Cover is compulsory for all employees. Cover will apply to the main member, one spouse and up to 6 children. No waiting period will apply for main member and family funeral. Upon the death of the employee, there is an extra pay out for Grocery and Tombstone.
These products have been placed under one product for ease of accessibility. Cover is compulsory for all employees of the company.