| Group Life Assurance |
Pays out a lump sum in the event of death of the employee before retirement. The sum assured is usually a multiple of the employee's annual salary. |
| Permanent & Total Disability |
This benefit pays out a lump sum in the event of a permanent disability of the employee before retirement. |
| Temporary & Total Disability |
Temporary and total disability income benefit is a monthly benefit that is payable for a limited period.
The core purpose of this benefit is to protect the member against the loss of earnings or earning potential, if
he or she becomes disabled and is unable to work for a limited period. |
| Permanent Health Insurance |
Pays a monthly benefit whilst the member is disabled, up to a maximum number of monthly payments as agreed upon. The benefit usually covers 6 / 12 / 24 months including the waiting period. |
| Critical Illness |
The Critical Illness benefit is an advance lump sum payment of all or part of the Group Life Assurance benefit and provides financial protection in the event of certain critical conditions. |
| Group Funeral |
The Funeral benefit pays out a lump sum in the event of the death of the employee, spouse, children or extended family member (if applicable) before the retirement of the employee. The purpose of this benefit is to provide cover to assist with the funeral costs. |
| Family Support |
The Family Support benefit provides a lump sum on the death of the member. This helps the family deal
with urgent costs associated with funeral expenses as well as assisting with the living expenses such as
groceries following the loss of the breadwinner in the family. |
| Tombstone |
The Tombstone benefit pays a lump sum on the death of the member to aid in providing a tombstone and
for the costs associated with the unveiling ceremony. |