Employee Death Cover
The Employee Death Benefit Cover is for enterprises who want to cover their employees for death whilst still employed.
Once your organisation signs up for Employee Death Cover, there is no waiting period and no need for medical examinations. The Employee Death Cover (also called Group Life Assurance) is usually expressed as a multiple of a member’s salary or as a flat amount.
The Employee Death Cover can also come with additional benefits such as the:
- Ill health benefit
- Disability benefit
- Group Funeral benefit.
Why you need to sign up?
Ability to attract and retain highly skilled employees
A positive work environment conducive for greater productivity and ultimately profitability
- A good reputation as an employer of choice
- Encouraging staff loyalty and demonstrating a genuine care for staff welfare
- The employer incurs no extra budgetary expense (by way of paying ad hoc death benefits from the account of the business)
- It provides instant financial assistance to the bereaved family that will augment other benefits