Frequently Asked Questions
Why should I consider Group cover?
Your employees are often family breadwinners. If tragedy strikes, their dependants may be left destitute. As their employer, you may be led with a moral responsibility towards their families. The chances are that many of your staff do not have life cover, or where they have it, it is insufficient. Group cover is typically much cheaper than the cover your staff might have taken out for themselves. So, if you can get them insured at a lower cost, they might be able to make substantial savings, even where you pass the cost on to them. Also, some of your staff may not be able to get cover for themselves due to existing health issues. With Group cover, as long as you have at least five employees, everyone can get covered, regardless of their state of health.
What can I expect to pay for Group cover?
Cover is generally much cheaper than what your employees could get themselves. We recommend getting a sample quote by clicking here, to see for yourself – it takes seconds.
How does the product work?
Employee Care Plan offers three different benefits – Life, Disability and Family Funeral cover. You, as the employer, can choose all three, or any combination of benefits – it’s up to you. You can also tailor the amount of cover per benefit to suit your budget.
Is there a waiting period before claims will be paid out?
There is no waiting period for life and funeral claims. There is a six-month waiting period on disability claims, however, where cover will be limited to accidental causes. Waiting periods may be waived where your Employee Care Plan policy is replacing an existing Group cover policy.
How quickly are my employees covered?
As soon as you click the ‘Finish’ button on the online application process, your employees are covered. Cover is immediate, even though you haven’t paid your first premium yet.
How long does the whole process take from start to when my staff are covered?
If you have all the employee information ready (i.e. name, gender, birth date, salary, ID/passport number and employment start date), the entire process will take less than 15 minutes – it’s entirely online, no paperwork.
Is our organisation not too small to take out Group cover?
There are no minimum requirements to take out Employee Care Plan.