Ill-health Benefits

This product is designed to enhance the benefits of an employee who would have retired on ill-health grounds. The reduced years of service due to ill-health coupled with loss of value as a result of hyperinflation experienced in Zimbabwe in recent years negatively impacts on the retirement savings. Many employees who, would ordinarily qualify for ill-health early retirement are not keen to retire hence Employers are not able to hire or replace them with more productive employees. A lump sum based on a multiple of salary is payable in accordance with the Rules of the Fund.

In addition, Minerva has also introduced Dread disease insurance which covers the following critical illnesses;

  • cancer
  • heart attack
  • stroke
  • blindness
  • Alzheimer's
  • multiple sclerosis
  • major organ transplants
  • kidney failure
  • paralysis

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