Group insurance products attract lower premiums due to shared risk. Importantly, we structure group insurance products and offerings on the social insurance anchor, and fully cover employees for any unfortunate event. In addition, there is no medical examination required to take out the insurance cover.
Group insurance products include:
Group funeral cover:
This provides rapid payouts to cover funeral costs up to R120 000.
Group Life Insurance:
This provides a lump sum to beneficiaries on the death of an employee.
Disability insurance:
This offers income replacement if an employee is unable to work due to illness or injury.
Critical Illness and Trauma Cover:
This covers specific illnesses (such as cancer or stroke) or severe impairment. Moreover, it provides assistance in the event of trauma so that the person is able to recover after a traumatic experience.
Asset insurance:
This protects businesses and government entities, including municipalities, from financial losses by covering the repair or replacement of valuable assets. This includes buildings, machinery, and vehicles that may be damaged or lost due to risks such as theft, accidents, fire, hail or liability.