LONG TERM INSURANCE
If you have someone who depends on you, life insurance can help fill the financial gap left in the event you are no longer there to support them. It is difficult to imagine a time when you won't be there to help provide for your family. By preparing in advance, you'll have the peace of mind that comes from knowing you're protecting your family's financial future. That's why we developed several life insurance options to suit your needs and budget.
Funeral Cover
The death of a family member or a loved one is always a sad and traumatic event, even more so if no provision has been made to cover the financial burden which falls on the immediate family. The purpose of the scheme is to provide easy access to funeral insurance so that a dignified funeral can be held.
Product Features
This product offers term cover and is ideal for Funeral Palours, organizations, corporate, unions, clubs etc.
This scheme was designed with the following objectives
- Affordable premiums
- Tax relief if the premium paid by the employer is regarded as a benefit
- Readily available cash for the immediate family / employee without having to approach the employer for a loan.
- Complete peace of mind for participating members
- Paid within 48 hours
Participation
- All permanent staff members may participate (age group from 18 years upwards , depending on retirement age)
- Cover is available to employees and their immediate family members, including legally adopted children.
- Persons who are not legally married but living together as a family can enjoy family benefits, provided all relevant information is declared on the application form.
- Anyone in the age group 14 to 90 years may participate.
- Cover is available to immediate family members, including legally adopted children.
- Extended family members, e.g. parents or parents-in-law etc, can be included at an additional premium.
- Persons who are not legally married but living together as a family can enjoy family benefits, provided all relevant information is declared on the application form.
- No restriction is placed on the size of a family.