The amount of cover you select will be paid as a lump sum to your employees’ beneficiaries if they die.

You can select the same amount of cover for everyone (anywhere between R50 000 and R2.5 million), or you can set the cover as a multiple of each employee’s annual salary (anywhere between 1X and 5X annual salary).

Beneficiaries will also receive an additional R500 cash per month for six months to help cover the cost of groceries.

If you are diagnosed with a terminal illness and are expected to die within 12 months, you can choose to have up to 100% of your lump sum paid in advance to you, or your beneficiary. If you opt for a 100% payout, your policy will be terminated, even if you recover from your illness.

The amount of cover you select (between R5 000 and R50 000) will be paid if your employee or any of their family members covered under the policy die. You can cover them, their spouse, and any number of children under the age of 21. You can also add new children later (any number of children under the age of 21).

The benefits are defined as follows:

The benefit will be paid out within 48 hours of receiving all the claim information we need. The policy does not terminate on the death of your employee’s spouse or children. If your employee dies, their spouse and children will continue to be covered for a further six months at no cost.

Only family members who are resident in South Africa can be covered under our Family Funeral Plan, and children are only covered until they turn 21.