Your employees are your biggest investment, particularly if you are a small and medium enterprise (SME). Our Employee Care Plan affords you the opportunity to take care of your employees’ future and that of their loved ones. The group life insurance also covers your employees if they are permanently disabled while performing their duties in the workplace, or when they pass away.
Our Employee Care Plan includes any combination of the following to suit the needs of your employees or taxi association members and your budget:
The amount of cover you select (between R50 000 and R2.5 million) will be paid as a lump sum to the insured person’s beneficiaries if they pass away.
The amount of cover you select (up to a maximum of R2.5 million for Group Cover) is paid if the insured person is permanently occupationally disabled.
The amount of cover you select (between R5 000 and R50 000) will be paid if the insured person or any of their family members covered under the policy pass away.
If an employee is diagnosed with a terminal illness and is expected to pass away within 12 months, they can choose 100% of the lump sum to be paid in advance to them or their beneficiaries. This is offered as a compulsory rider to the life cover benefit.
When an insured person passes away, their spouse and dependents continue to receive funeral cover for a further six months at no cost. This is offered as a compulsory rider to the funeral cover benefit.
The primary beneficiary receives an additional R3 000 cash lump sum with which to buy groceries after the insured person’s death. This is offered as a compulsory rider to the life cover benefit.
Our Employee Care Plan is a compulsory scheme, and all employees of the policyholder (employer) or taxi association members need to be part of the scheme. Each insured employee or taxi association member will have the level of cover offered by the scheme (they cannot choose their own level of cover).
The Employee Care Plan covers all your employees who are:
Please note the cover commences on the date that the policy is issued.
| Benefit | Death and disability | Funeral |
| Minimum | R50 000 | R10 000 |
| Maximum | R2 500 000 | R50 000 |
| Main member or spouse | 100% of cover |
| Child aged 14-21 | 100% of cover |
| Child aged 6-13 | 50% of cover |
| Child aged 0-6 | 50% of cover (maximum R10 000) |
If you are an employer, you may need to add new employees or remove existing employees from your current Employee Care Plan policy. Login below.
If you are an employee, you may need to complete your onboarding process or update your beneficiaries on your current Employee Care Plan policy. Login below.
Cover termination age
Occupational Disability Benefit: 65 years.
Children (under Family Funeral plans): 21 years.
Policy inception date
The cover begins on the date the policy is issued, even if the first premium has not been paid.
Policy term
One-year, can be renewed annually.
Three-month notice will be given to policyholders when the scheme is due for renewal.
Cooling off period
Cooling off period is 31 days.
During this time the policyholder can cancel their policy with a refund of any premium that has been paid.
Can I reinstate my policy?
After the policy has lapsed, the policyholder has one month to reinstate cover by paying outstanding premiums. The policy can be reinstated a maximum of five times during the life of the policy.
If policyholder does not use this option, they will need to take out a new policy, potentially at a different premium. Medical questions will also be asked, and a new waiting period will apply.
Beneficiaries
Employee can have up to four beneficiaries.
If a beneficiary has not been chosen, the payout goes into the estate. If the beneficiary is a minor (younger than 18), the payout goes to their guardian.
Cessions
Cancellation
Cancellation can be instituted anytime during the term of policy.
