The policy covers funeral expenses following the death of an insured member. It may be extended to include spouses, children and parents of the insured member. The cover limit is as per the client’s requirement and is provided for one year.

Eligibility:

Every employee qualifies to become an insured member in terms of this policy, provided that

• he/she is on the permanent staff of the employer;
• he/she has already reached the age of 18 years; and
• he/she has not reached the maximum age at entry (70).

Additional cover:

• Permanent Disability
• Critical Illness
• Education Benefit
• Accidental Death Benefit
• Commuter Cover

Group life is a policy offered to employers to cover their employees in the event of death. The policy is also known as a “death in service” benefit that can be offered as a fringe benefit to employees. It pays a lump sum in the event of death of a member. The policy covers members against death as a result of illness or accidental causes, and offers free funeral cover of up to K20,000 per member.

Eligibility:

Every employee qualifies to become an insured member in terms of this policy, provided that

• he/she is on the permanent staff of the employer;
• he/she has already reached the age of 18 years; and
• he/she has not reached the maximum age at entry (70).

The policy may be extended to cover parents up to the age of 85, and no underwriting is required.

The Credit Life policy pays off outstanding amounts on a loan or debt should a borrower die. It guards the lender against loss of money in the event of death of a borrower before paying off the loan. The policy cover is for the duration of the loan period. Upon the loan being paid off, cover ceases.

Summary of benefits:

• It ensures that no debt is left behind for loved ones in the event of death
• Beneficiaries and dependants are protected from the liabilities of a deceased person
• The lender is protected from loss of money lent out

Our group life product provides annual cover to employees of a registered company, and the premium is paid by the employer. It covers the risk of death, and total permanent disability (TPD) is offered as a rider benefit at an additional premium of 40% of the group life premium. Upon death or TPD of an employee, a lump sum is paid to the employer to pay to the beneficiary.

Additional cover:

• Permanent Disability
• Critical Illness
• Education Benefit
• Accidental Death Benefit
• Commuter Cover